2/111 Markeri Street, Mermaid Waters, QLD 4218 sold on 02 June 2025 | OnTheHouse
 
SOLD
Sold on 02 Jun 2025 for $818,000

2/111 Markeri Street
Mermaid Waters QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 77m2
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Property Details for 2/111 Markeri St, Mermaid Waters

2/111 Markeri St, Mermaid Waters is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in June 2025. There are other 2 bedroom Unit sold in Mermaid Waters in the last 12 months.

Building Type
Unit
Floor Size
77m2

Last Listing description (June 2025)

Whether you're entering the market, downsizing, or adding to your investment portfolio, this ground-floor, waterfront apartment in the sought-after "The Sanctuary" complex offers a rare mix of comfort, convenience, and lifestyle. Positioned just minutes from Mermaid Beach and Pacific Fair, this is your opportunity to secure a low-maintenance property in a tightly held waterside community.

Enjoy peaceful lakefront living with the added benefit of resort-style amenities-two sparkling pools, a jetty, BBQ areas, and a private boat ramp for weekends on the water. With Lake Intrepid as your backdrop, it's a setting that feels like a holiday, every day.

The apartment itself is practical, spacious, and filled with natural light. North-facing and designed for relaxed living, it features open-plan interiors, two generous bedrooms with built-ins, and a private balcony off the main bedroom. Whether you're living in or leasing out, the layout is ideal for a variety of needs.

Low outgoings and strong rental potential make this an easy choice for the savvy investor, while ground-floor access and a tranquil setting will appeal to downsizers or first-time buyers looking for quality and lifestyle in one.

Property Highlights:

• Ground floor North facing
• 2 spacious bedrooms with built-ins, master opens to patio
• Air-conditioning in living area
• Renovated kitchen with modern appliances plus plenty of storage
• Renovated bathroom
• Ground-floor convenience - no stairs
• Covered carport and visitor parking
• Secure storage room included
• Resort-style complex with two pools, BBQs, boat ramp, and jetty
• Low body corporate approx. $77 per week
• Council Rates: Approx. $1,100 per half-year
• Water Rates: Approx. $350 per quarter
• Estimated Rental income approx. $750 - $800 per week

With every convenience at your doorstep and the calm of lakeside living, this apartment offers incredible value in a high-demand location. Whether you're investing, downsizing, or stepping into your first home, this is a smart move.

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Property History for 2/111 Markeri St, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$818,000
02 Jun 2025
  • 22 Jul 2025
    Listed for Rent $800 / week
  • 02 Jun 2025
    Sold for $818,000
  • 29 May 2025
    Listed for Sale Expressions of Interest
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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 32 properties listed for sale, and 16 properties listed for rent in Mermaid waters on OnTheHouse. According to Cotality's data, 314 properties were sold in the past 12 months in Mermaid waters.

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