131 Barrier Reef Drive, Mermaid Waters, QLD 4218 | Property Value & History | OnTheHouse
OFF MARKET

131 Barrier Reef Drive
Mermaid Waters QLD 4218

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Floor area: 458m2
Land area: 1058m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 6 Jul 2026
Low

High
Save

Property Details for 131 Barrier Reef Dr, Mermaid Waters

131 Barrier Reef Dr, Mermaid Waters is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1986. The property has a land size of 1058m2 and floor size of 458m2. While the property is not currently for sale or for rent, it was last sold in February 2024.

Building Type
House
Year Built
1986
Floor Size
458m2
Land Size
1058m2
Local Government
Gold Coast City
Lot/Plan
302/RP179640

Last Listing description (March 2024)

This beautiful large parcel of land adjoining a popular neighbourhood park presents style from the street. The flowering arbour gatehouse flows through to manicured lawns and a huge pool with a single level sprawling ranch style family home.

With 3 separate indoor living spaces, this huge 458m2 home is bright and airy, with a sunken lounge featuring soaring skylights for family time, and the elegant adults living and dining room that flows to the north facing covered alfresco area. Then at the other end of the house is the fun kids living retreat and 4 bedrooms, opening to the spacious lawn and pool area.

For outdoor entertaining we have a huge Hamptons style covered alfresco patio with ample space for 12-seater dining setting, large outdoor lounges, BBQ and pizza oven. There is additional outdoor patio to enjoy the sunshine, and the huge pool area has space for sun loungers and oversized entertaining area.

Key Features include:

- Massive double block of 1058m2 hard to find that size in the area
- Big family single level home set over 458m2
- Enjoy effortless entertaining with light and open living areas
- 3 separate outdoor entertainment areas
- 3 separate indoor living areas
- King trusses and high rafters in the main outdoor entertaining area
- Separate king-sized Master bedroom suite with ensuite and walk-in-robe
- Beautifully manicured and irrigated fully fenced gardens and lawns
- Large North facing tropical pool with hot outdoor shower and plenty of space for
the kids to run around
- 2 bathrooms plus powder room plus extra vanities
- Main bathroom with separate toilet and additional vanity area for multi-use
- Stunning street appeal with arbour gatehouse and secure double carport and
storage area
- A/C in all living areas and master with ceiling fans throughout
- Spacious kitchen with soft close cabinetry
- Solid construction double brick
- Still some opportunity to add your final finishing touches.
- Possibility for dual living or guest accommodation
- Sustainable living with a 13.2 kW (40 panel) solar system and a current power bill
for family of 5 is approx. only $50 per month
- Walk out the back door and into the park and the Lake Hugh areas, it's great for
the kids to kick the footy or walk the dog.
- Rental return approximately $1,800 to $2000pw
- Large roof cavity area for storage with drop down ladder for easy access

Mermaid waters is a highly sort after Gold Coast suburb. It's central location makes it an easy walk or ride to mermaid or Nobbys precinct for lunch or dinner or a swim at the beach.
Other key suburb features include:

- Adjacent to Morialta Park which backs onto 17-hectare Lake Hugh Muntz - excellent
kids' playground and great for exercising pets
- 2 minute walk to Q Supa Centre with over 80 retailers, 3 supermarkets, Bunnings
and a big restaurant and dining precinct.
- 2 minute walk to the bus stop with direct routes to Robina, Broadbeach, Burleigh
and Bond University
- Main arterial route of Bermuda Street a short distance away
- 5 minutes to the beach
- Close to schools and kindergartens and Universities

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. We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. * denotes approximate measurements.

Disclaimer:
Disclaimer:
In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Property History for 131 Barrier Reef Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$2,200,000
08 Feb 2024
  • 08 Feb 2024
    Sold for $2,200,000
  • 01 Feb 2024
    Listed for Sale Under Contract
  • 01 Mar 2016
    Sold for $830,000
Sign in to see more transactions
Commute Calculator

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 6,209 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

Market Insights
Mermaid Waters Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Mermaid Waters Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.