21 Drayton Terrace, Mermaid Waters, QLD 4218 sold on 13 August 2025 | OnTheHouse
SOLD
Sold on 13 Aug 2025 for $2,725,000

21 Drayton Terrace
Mermaid Waters QLD 4218

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 187m2
Land area: 845m2
Save

Property Details for 21 Drayton Tce, Mermaid Waters

21 Drayton Tce, Mermaid Waters is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1987. The property has a land size of 845m2 and floor size of 187m2. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 4 bedroom House sold in Mermaid Waters in the last 12 months.

Building Type
House
Year Built
1987
Floor Size
187m2
Land Size
845m2
Local Government
Gold Coast City
Lot/Plan
60/RP209284

Last Listing description (September 2025)

Set within one of Mermaid Waters' most tightly held enclaves, 21 Drayton Terrace offers an unbeatable combination of position, lifestyle, and potential. Tucked away in a peaceful, tree-lined street and occupying a sprawling 845m north-facing waterfront block, this single-level residence presents a rare opportunity for families, renovators, and developers alike.

Boasting a 20-metre street frontage and a matching 20 metres of wide water frontage, the home commands impressive street presence while capturing panoramic water views from the rear - a pairing that's increasingly scarce in this prestigious locale.

Behind its timeless brick faade, the home reveals a thoughtfully designed layout that balances open living with privacy and practicality. There are multiple internal living zones, four spacious bedrooms, and effortless indoor-outdoor flow, all enhanced by natural light and cooling breezes thanks to its prized northerly aspect.

Whether you choose to move straight in, renovate to your taste, or redevelop the site entirely (STCA), the foundation for long-term capital growth is undeniably strong.

Inside the Home: Functional Layout Meets Everyday Comfort
At the heart of the home is a generous open-plan kitchen, dining, and living space-perfectly oriented to capture water views and morning sunlight. The central kitchen offers a functional footprint with scope to modernise, while the adjoining meals area flows seamlessly to a covered alfresco patio, ideal for entertaining year-round.

A separate lounge or media room to the front of the home adds flexibility-perfect for larger families, work-from-home needs, or creating a kids' retreat.

- Master suite with walk-in robe, ensuite, and peaceful separation from other bedrooms

- Three additional bedrooms with built-in robes and ceiling fans

- Main bathroom with bath, shower, and a separate toilet

- Large laundry with direct yard access

Outdoors: Room to Expand, Entertain & Enjoy the Water
Step outside to discover the true magic of this home. The north-facing backyard is sun-drenched and private, with lush established gardens, level lawns, and scope to add a swimming pool or second dwelling (STCA). The wide water frontage is ideal for kayaking, stand-up paddleboarding, or simply enjoying sunset drinks from your own backyard oasis.

The covered entertaining area invites alfresco dining and family barbecues, while the fully fenced yard is perfect for children and pets. The home also features a secure double garage with internal access, along with plenty of space for additional off-street parking or a boat.

Key Features:

- Expansive 845m block with wide dual frontages

- 20m waterfront & 20m street frontage

- Redevelopment potential

- Light-filled interiors and flexible layout

- Multiple living zones for family functionality

- North-facing backyard with private outdoor entertaining

- Master with ensuite + 3 well-sized additional bedrooms

- Secure double garage + ample off-street parking

- Fully fenced yard with potential for a pool or second dwelling

A Location That Has It All

21 Drayton Terrace is more than just a property-it's a gateway to an enviable coastal lifestyle. Located in a quiet, family-friendly pocket, it's just minutes to:

- Golden beaches, Mermaid Beach foreshore & scenic walking trails

- Pacific Fair, Q Super Centre, and local cafes and restaurants

- Prestigious schools including Miami High, Merrimac SHS, and All Saints

- Parks, sporting facilities, and beautiful canals

- Public transport, major arterial roads, and the Broadbeach dining precinct

The Opportunity

With such a rare combination of position, potential, and lifestyle, this is one of the last remaining north-facing waterfront blocks of this size and flexibility in Mermaid Waters. Whether you're looking for a quality family home, a renovation project with strong bones, or a blank canvas for redevelopment, 21 Drayton Terrace ticks every box.

Opportunities like this don't last. Secure your slice of Mermaid Waters while you still can.

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

Property History for 21 Drayton Tce, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$2,725,000
13 Aug 2025
  • 13 Aug 2025
    Sold for $2,725,000
  • 24 Jun 2025
    Listed for Sale Expressions Of Interest
  • 27 Nov 2023
    Listed for Sale $123
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 6,212 properties. Over the last 5 years, Houses in Mermaid Waters have seen a 74.97% increase in median value, while Units have seen a 87.45% increase. As at 31 May 2026:

  • The median value for Houses in Mermaid Waters is $2,250,142 while the median value for Units is $979,772.
  • Houses have a median rent of $1,400 while Units have a median rent of $825.
There are currently 44 properties listed for sale, and 9 properties listed for rent in Mermaid waters on OnTheHouse. According to Cotality's data, 296 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.