12/173 Barrier Reef DriveMermaid Waters QLD 4218
Property Details for 12/173 Barrier Reef Dr, Mermaid Waters
12/173 Barrier Reef Dr, Mermaid Waters is a 3 bedroom, 2 bathroom Townhouse with 1 parking spaces and was built in 1992. The property has a land size of 142m2 and floor size of 142m2. While the property is not currently for sale or for rent, it was last sold in July 2025.
Last Listing description (August 2025)
Welcome to the perfect blend of lifestyle and location. Nestled on the tranquil banks of Lake Hugh Muntz, this beautifully presented townhouse offers all the charm of low-maintenance lakeside living, with serene walking trails quite literally at your back doorstep.
Part of an exclusive complex of just 16 homes, this residence showcases light-filled modern interiors across two spacious levels, complemented by soaring ceilings and expansive windows that create a warm, airy atmosphere year-round.
Enjoy extensive views of the lake from your kitchen and dining room, as well as from your private master balcony the perfect spot to enjoy morning coffee or unwind at sunset.
Inside, the open-plan layout flows seamlessly between indoor and outdoor living. The generous living and dining areas open to a paved alfresco entertaining space and a tidy, low-maintenance yard that connects directly to lakeside walking paths. It's an ideal setting for summer BBQs, weekend gatherings, or a quiet evening outdoors.
Key Features:
3 Bedrooms | 2 Bathrooms | 1 Car Garage
142m of thoughtfully designed living space overlooking the stunning 17-hectare Lake Hugh Muntz
Spacious master suite with walk- thru robe to the two-way bathroom, private balcony and split system AC
Two bedrooms and a well appointed bathroom upstairs.
One bedroom and combined bathroom and laundry downstairs
Light and airy open-plan living/dining area with high ceilings and natural flow to the outdoors and a sleek modern kitchen with tranquil lake views.
Paved alfresco entertaining area and low-maintenance lawn and gardens
Direct gate access to lakeside paths and surrounding parklands
Single lock-up garage, plus visitor and street parking
Beautiful communal pool within the complex
The Reef Cove Complex:
Boutique setting with just 16 townhouses
Low body corporate fees
Peaceful lakeside position with lush surrounds
Estimated rental return: $1000 per week
Unbeatable Location:
Q Super Centre and Pacific Fair: 34 mins
The Star Casino, Broadbeach, Nobby Beach: 510 mins
Bond University, Pizzey Park, Burleigh Beach: within 10 mins
Excellent local schools including St Vincent's Primary, Broadbeach State, and Miami State
This is a rare opportunity to secure a peaceful, low-maintenance lifestyle in a tightly held lakeside enclave, without sacrificing proximity to the best of the Gold Coast.
Contact us today to arrange a private viewing or to find out open home times.
Property History for 12/173 Barrier Reef Dr, Mermaid Waters, QLD 4218
- 30 Jul 2025Sold for $1,010,000
- 11 Jul 2025Listed for Sale Contact Agent
- 17 Mar 2015Sold for $400,000
Recent sales nearby
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0About 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 6,219 properties. Over the last 5 years, Houses in Mermaid Waters have seen a 51.00% increase in median value, while Units have seen a 77.20% increase. As at 31 July 2026:
- The median value for Houses in Mermaid Waters is $2,089,284 while the median value for Units is $967,893.
- Houses have a median rent of $1,400 while Units have a median rent of $850.
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