89 Petrel AvenueMermaid Beach QLD 4218
Property Details for 89 Petrel Ave, Mermaid Beach
89 Petrel Ave, Mermaid Beach is a 7 bedroom, 4 bathroom House with 3 parking spaces. The property has a land size of 405m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 7 bedroom House sold in Mermaid Beach in the last 12 months.
Last Listing description (July 2025)
Seize an outstanding investment opportunity with this well-maintained block of three strata titled units, ideally situated in one of Mermaid Beach's most coveted locations. Key advantages include significant future redevelopment potential, leveraging the property's 405sqm land parcel with a 12.4m frontage and 31.8m depth.
This is a rare chance to secure prime beachside real estate, perfect for investors seeking immediate rental returns alongside strong capital growth prospects. Offering multiple income streams and long-term development possibilities, this versatile property combines investment appeal with a relaxed coastal lifestyle. Residents enjoy effortless access to vibrant cafés, renowned restaurants, and boutique shops within walking distance, ensuring both convenience and a thriving community atmosphere.
However, it's the enviable lifestyle that truly sets Mermaid Beach apart. The suburb has retained its relaxed coastal charm, with a vibrant selection of cafés and restaurants adding to its appeal, including the new Oxley precinct, with word class dining at your fingertips. Residents also enjoy effortless access to the lively hubs of Broadbeach and Burleigh Heads, home to premier shopping, dining, and entertainment precincts, including Pacific Fair, The Star at Broadbeach, and the Gold Coast Convention and Exhibition Centre.
Property Features
• Three units total with two ground-floor units of two bedrooms and one bathroom each, and a first-floor unit featuring three bedrooms and two bathrooms.
• Renovated in 2015, enhancing their appeal with contemporary aesthetics and functional design
• Live in one and rent the others out
• These units collectively generate a total rental income of $2,300 per week
• Air conditioning recently replaced with new units
• Individually titled, tenants pay for all water usage
• Town Planning - RD5
*Denotes approximate figure, boundary lines indicative only
UNIT 1
Council Rates: Approx. $2,348.73 half yearly
Water Rates: Approx. $453.57 per quarter
Rental Appraisal: Approx. $750 - $800 per week
Current Rent: $650 per week (increasing to $730 on 02/09/2025)
Lease End: 02/03/2026
UNIT 2
Council Rates: Approx. $2,348.73 half yearly
Water Rates: Approx. $453.58 per quarter
Rental Appraisal: Approx. $750 - $800 per week
Current Rent: $700 per week
Lease End: 27/07/2026
UNIT 3
Council Rates: Approx. $2,348.73 half yearly
Water Rates: Approx. $453.56 per quarter
Rental Appraisal: Approx. $1,000 - $1,050 per week
Current Rent: $950 per week
Lease End: 11/09/2025
Disclaimer: The above information is accurate to the best of our knowledge; however, we advise that all interested parties make their own enquiries as we will not be held responsible for any variation that may apply to this information. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes
Property History for 89 Petrel Ave, Mermaid Beach, QLD 4218
- 18 Jul 2025Sold for $3,100,000
- 05 Mar 2025Listed for Sale Contact Agent
- 20 Jun 2024Listed for Sale Contact Agent
Recent sales nearby
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0About Mermaid Beach 4218
The size of Mermaid Beach is approximately 1.5 square kilometres. It has 5 parks covering nearly 2.0% of total area. The population of Mermaid Beach in 2016 was 6533 people. By 2021 the population was 7329 showing a population growth of 12.2% in the area during that time. The predominant age group in Mermaid Beach is 20-29 years. Households in Mermaid Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mermaid Beach work in a professional occupation.In 2021, 50.80% of the homes in Mermaid Beach were owner-occupied compared with 43.50% in 2016.
Mermaid Beach has 5,678 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 93.12% increase in median value, while Units have seen a 112.05% increase. As at 31 October 2025:
- The median value for Houses in Mermaid Beach is $2,765,292 while the median value for Units is $1,076,982.
- Houses have a median rent of $865 while Units have a median rent of $800.
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