118 Oceanic Drive, Mermaid Waters, QLD 4218 | Property Value & History | OnTheHouse
 
OFF MARKET

118 Oceanic Drive
Mermaid Waters QLD 4218

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 600m2
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Last updated 8 Dec 2025
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Property Details for 118 Oceanic Dr, Mermaid Waters

118 Oceanic Dr, Mermaid Waters is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 600m2. While the property is not currently for sale or for rent, it was last sold in July 2024.

Building Type
House
Land Size
600m2
Local Government
Gold Coast City
Lot/Plan
338/RP159049

Last Listing description (September 2024)

118 Oceanic Drive is a fully fenced, north facing backyard on a 600sqm, level block in beautiful Mermaid Waters, this three-bedroom, one bathroom home with open plan family, dining room and covered outdoor entertaining space is perfect for those seeking an original home just minutes to the beach.

With direct access to local transport, a short tree-lined stroll through parkland to nearby Pizzey Park and the Miami Aquatic Centre and just minutes from local shopping centres, gyms, schools and cafes, this property is positioned to support an active, social lifestyle for those who love to get out and about.

In addition to the three-bedrooms and one bathroom offered, this home presents significant value from a renovation perspective, with separate dining and family room spaces, a large sunroom with direct access to the front yard, large entertaining space off the galley style kitchen at the rear and a separate laundry.

If a coastal lifestyle is what you're seeking and you're keen to make a home your own, then this diamond in the rough with 18m street frontage, presents exceptional value. Surrounded by other much-loved family homes, this property offers the choice to renovate or hold as a tenanted property until plans are finalised for the home of your dreams.

Don't miss this opportunity to be the envy of your friends. Secure your piece of paradise in the heat of family friendly, Mermaid Waters today.

Features include:

Three bedrooms
One bathroom
Large, undercover entertaining area
Open plan family and dining room
Separate laundry
Security screens throughout
Single, lock-up garage
Backyard shed with separate toilet
Fans and air-conditioning
600sqm level block
18m street frontage
Currently tenanted until November 2024 for $750 per week

Location:

450m walk to local bus stop
500m walk to Miami State School
1km or walk to Miami Aquatic Centre and Pizzey Park
1.8km or 4-min drive to Miami Marketta dining and entertainment venue
2.1km or 4-min drive to Burleigh Golf Club
2.4km or 5-min drive to Nobby Beach surf beach
2.5km or 5-min drive to Woolworths Mermaid Plaza Shopping Centre
2.6km or 5-min drive to Bond University
3.1km or 6-min drive to Pacific Fair Shopping Centre
3.1km or 6-min drive to The Star Casino
3.1km or 7-min drive to Miami State High School

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Property History for 118 Oceanic Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$1,240,000
20 Jul 2024
Listed for Rent
$650/w
29 May 2023
  • 20 Jul 2024
    Sold for $1,240,000
  • 24 Jun 2024
    Listed for Sale AUCTION
  • 05 May 2023
    Listed for Rent - Price not available
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About Mermaid Waters 4218

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 6,213 properties. Over the last 5 years, Houses in Mermaid Waters have seen a 106.31% increase in median value, while Units have seen a 114.41% increase. As at 30 November 2025:

  • The median value for Houses in Mermaid Waters is $2,070,636 while the median value for Units is $941,548.
  • Houses have a median rent of $1,195 while Units have a median rent of $770.
There are currently 30 properties listed for sale, and 16 properties listed for rent in Mermaid waters on OnTheHouse. According to Cotality's data, 316 properties were sold in the past 12 months in Mermaid waters.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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