18/172 Barrier Reef Drive, Mermaid Waters, QLD 4218 | Property Value & History | OnTheHouse
OFF MARKET

18/172 Barrier Reef Drive
Mermaid Waters QLD 4218

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 62m2
Land area: 145m2
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Property Details for 18/172 Barrier Reef Dr, Mermaid Waters

18/172 Barrier Reef Dr, Mermaid Waters is a 1 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1989. The property has a land size of 145m2 and floor size of 62m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
Townhouse
Year Built
1989
Floor Size
62m2
Land Size
145m2
Local Government
Gold Coast City
Lot/Plan
18/GTP1714

Last Listing description (December 2021)

UNDER - CONTRACT
Be quick - this one will be snapped up fast!
Beautifully renovated, this outstanding Mermaid Waters Villa in the Rio Vista Palms estate, boasts no stairs, the perfect private courtyard for yourself and your pets, and a low Body Corp of approx $27.46 per week.


With all the updates complete, there is nothing to spend on this one. Simply move in, enjoy the privacy of two courtyards (front and back), and ample living space within.

Light and airy and designed for easy-living, this stunning villa presents like new. The owner has spared no expense in building custom storage spaces including a convenient workspace, rare in a single bedroom property.

With a dedicated laundry, single lockup garage, security on the windows and doors and air conditioning in the living room and bedroom, this property ticks all the boxes.
Located approx 1km (1-minute drive) from Q Super Centre Shops and approximately a 1-minute walk from the Lake Hugh Muntz walking track by the lake.
Rates : approx $1,646 per year
Body Corp : Approx $27.48 per week
Currently, Owner Occupied : approx anticipated rent $450 to $470 per week

Be quick on this one, we expect it will be snapped up quickly.

Disclaimer:
All information contained herein is gathered from sources we believe to be reliable. Stewart Reed Properties and its staff will not be held responsible for any act or omission arising from the accuracy of such material.
We cannot guarantee its accuracy, and interested persons should rely on their own enquiries.
Such enquiries should include, but in no way limited & directed, to your legal representative, any local authorities, the Contract of Sale and in the event of a Unit, Strata Title or Community Title, refer to the Body Corporate, Community Management Statement & Disclosure Statement for any information on the property, Common Property & Exclusive use areas, that may directly or indirectly affect this property.

Property History for 18/172 Barrier Reef Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$551,000
20 Nov 2021
  • 20 Nov 2021
    Sold for $551,000
  • 16 Nov 2021
    Listed for Sale UNDER-CONTRACT
  • 20 Sep 2017
    Sold for $287,000
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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 6,226 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.
There are currently 47 properties listed for sale, and 16 properties listed for rent in Mermaid waters on OnTheHouse. According to Cotality's data, 280 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.