1/16 Duet Dr, Mermaid Waters is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1981. The property has a land size of 503m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in November 2019.
There is more to this apartment than meets the eye and the Owners instructions are to SELL SELL SELL!A spacious, light and airy combined lounge/dining offers a leafy outlook and captures the morning sun rays through your sliding doors. Both quiet and private, you will find this well-kept apartment on the first floor of the boutique building Lake Intrepid Lodge.With great long term tenants, a rental income of $360 per week and fantastic friendly property managers, this apartment is ideal to invest in today for future capital growth, in one of the Gold Coasts most popular, trendy suburbs. You will always have demand and opportunity to rent this space out!Features include:- Exposed brick walls offers year round insulation- Large, carpeted main bedroom with built in robes and access to balcony.- Second bedroom with built in robe- Bathroom with shower and bath tub- Separate toilet- Kitchen with dish washer- Pantry nook- Separate laundry area- Long balcony with North facing aspect- Single Lock up Garage with space for small car, and plenty of street parking- Sparkling inground pool- Security intercom entryThe Numbers- Council Rates $ 1,736 per annum- Water Rates $1,364 approx. per annum- Body Corporate $52 approx. per week- Leased $360 per week until 7 May 2020The building grounds are well maintained, and the leafy gardens provide privacy and serenity at all times. Located only a short distance to all that Mermaid Waters has to offer including Pacific Fair shopping Centre, prominent restaurants, bars and cafes, golden beaches, plus shops, schools and the Broadbeach light rail station.Please contact for a private inspection.
The size of Mermaid Waters is approximately 7.1 square kilometres. It has 23 parks covering nearly 7.3% of total area. The population of Mermaid Waters in 2016 was 12045 people. By 2021 the population was 13088 showing a population growth of 8.7% in the area during that time. The predominant age group in Mermaid Waters is 30-39 years. Households in Mermaid Waters are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mermaid Waters work in a professional occupation.In 2021, 68.60% of the homes in Mermaid Waters were owner-occupied compared with 66.10% in 2016.
Mermaid Waters has 6,207 properties. Over the last 5 years, Houses in Mermaid Waters have seen a 95.64% increase in median value, while Units have seen a 101.92% increase. As at 31 January 2026:
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