12/172 Barrier Reef Drive, Mermaid Waters, QLD 4218 sold on 10 February 2026 | OnTheHouse
SOLD
Sold on 10 Feb 2026 for $900,000

12/172 Barrier Reef Drive
Mermaid Waters QLD 4218

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 78m2
Land area: 138m2
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Property Details for 12/172 Barrier Reef Dr, Mermaid Waters

12/172 Barrier Reef Dr, Mermaid Waters is a 1 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1987. The property has a land size of 138m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 1 bedroom Townhouse sold in Mermaid Waters in the last 12 months.

Building Type
Townhouse
Year Built
1987
Floor Size
78m2
Land Size
138m2
Local Government
Gold Coast City
Lot/Plan
12/GTP1714

Last Listing description (September 2025)

Nestled in the peaceful Rio Vista Palms complex, this tidy one-bedroom villa presents an ideal opportunity for first-home buyers, downsizers, or investors. Offering a solid foundation with plenty of potential to add value, this property combines a low-maintenance lifestyle with a super-convenient location.Inside, you'll find a functional layout with a spacious open-plan living and dining area, tiled floors, and a practical kitchen with plenty of storage. The large windows fill the home with natural light, creating a bright and welcoming space.The generously sized bedroom includes built-in robes, and the bathroom is neat and functional with room for future updates. Step outside to a private courtyard framed by established greenery a great spot for relaxing or entertaining.A single lock-up garage provides secure parking and additional storage options. Positioned within a well-maintained complex, this property offers fantastic value in the heart of Mermaid Waters.Property Features:Functional kitchen with good storage spaceSpacious open-plan living and dining areaOne generous bedroom with built-in robeNeat bathroom with shower, vanity and toiletPrivate courtyard with low-maintenance gardensSingle lock-up garageOutdoor Features:Secure, fenced courtyardEstablished garden bedsBody Corporate Details:Rio Vista Palms complex of just 63 villasLow body corporate fees of approximately $35 per weekLocation:Approx. 3 mins to Q Super CentreApprox. 4 mins to Pacific Fair Shopping CentreApprox. 4 mins to Miami State SchoolApprox. 5 mins to Pizzey ParkApprox. 6 mins to Nobby BeachApprox. 6 mins to The Star CasinoApprox. 6 mins to St Vincent's Primary SchoolApprox. 8 mins to Broadbeach State SchoolApprox. 8 mins to Bond UniversityApprox. 9 mins to Burleigh BeachDisclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Property History for 12/172 Barrier Reef Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$900,000
10 Feb 2026
  • 10 Feb 2026
    Sold for $900,000
  • 28 May 2025
    Sold for $610,000
  • 30 Apr 2025
    Listed for Sale UNDER CONTRACT
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About Mermaid Waters 4218

The size of Mermaid Waters is approximately 7.1 square kilometres. There are 23 parks, covering nearly 7.3% of the 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 6,215 properties. Over the last 5 years, Houses in Mermaid Waters have seen a 65.96% increase in median value, while Units have seen a 81.74% increase. As at 30 June 2026:

  • The median value for Houses in Mermaid Waters is $2,206,438 while the median value for Units is $977,354.
  • Houses have a median rent of $1,400 while Units have a median rent of $830.
There are currently 45 properties listed for sale, and 11 properties listed for rent in Mermaid waters on OnTheHouse. According to Cotality's data, 289 properties were sold in the past 12 months in Mermaid waters.

Suburb Insights for Mermaid Waters 4218

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.