24 Drayton TerraceMermaid Waters QLD 4218
Property Details for 24 Drayton Tce, Mermaid Waters
24 Drayton Tce, Mermaid Waters is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 1989. The property has a land size of 807m2 and floor size of 304m2. While the property is not currently for sale or for rent, it was last sold in May 2025.
Last Listing description (September 2025)
Set on a 807m* block with a 16.6m* water frontage and its very own sandy beach, this waterfront opportunity is bursting with potential. The existing four-bedroom, three-bathroom residence is in largely original condition-offering renovators, builders, or visionaries a blank canvas to reimagine, refresh, or completely rebuild in a prime Mermaid Waters location.
The current home retains much of its original charm and functionality, providing the perfect foundation for a creative transformation. With two spacious living areas at either end of the home, each flowing into adjoining dining spaces around a centrally located kitchen, there's plenty of scope to modernise or reconfigure the layout to suit your lifestyle.
Step outside from the front living area to a generously sized alfresco patio and an inground pool, both capturing peaceful views of the water-ideal for enhancing with a contemporary outdoor entertaining space. Upstairs, the master bedroom includes an ensuite and walk-in robe, while three additional bedrooms feature built-in storage and are serviced by a central bathroom with a separate toilet. Opportunities like this are becoming increasingly rare in Mermaid Waters, a tightly held suburb renowned for its coastal lifestyle, family-friendly atmosphere, and unbeatable convenience. Just minutes from Q Super Centre, Pacific Fair, Broadbeach, elite schools, and the soon-to-arrive Gold Coast Light Rail, this property is a renovator's dream in an unbeatable location.
Don't miss your chance to breathe new life into this waterfront gem and create a stunning home tailored to your vision.
Property Specifications:
Expansive 807m* south-facing waterfront block with approx. 16.6m* water frontage
Tucked away in a quiet cul-de-sac within sought-after, family-friendly Mermaid Waters
Ideal opportunity to renovate, rebuild, or lease out the existing residence
Dual-level home offering outstanding scope for transformation or redevelopment
Well-proportioned layout featuring two generous living areas
Centrally positioned kitchen flanked by both dining and living spaces
Large alfresco area overlooking the water, complete with an inground pool - perfect for entertaining
Master suite includes an ensuite and built-in wardrobe
Three additional bedrooms, each with built-in robes
Main bathroom upstairs with separate toilet for added convenience
Additional bathroom and laundry located on the ground floor
Close to Q Super Centre, Pacific Fair, and Broadbeach's dining and entertainment precinct
* denotes approximate figure
**boundary lines indicative only
Council Rates: Approx. $1,989.74 half yearly
Water Rates: Approx. $302.47 per quarter
Rental Appraisal: Approx. $1,100 - $1,200 per week
Disclaimer: The above information is accurate to the best of our knowledge; however, we advise that all interested parties make their own enquiries as we will not be held responsible for any variation that may apply to this information. The website may have filtered the property into a price bracket for website functionality purposes
Property History for 24 Drayton Tce, Mermaid Waters, QLD 4218
- 02 May 2025Sold for $1,959,000
- 09 Apr 2025Listed for Sale Contact Agent
- 01 Jul 2013Transferred for $337,500
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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 6,211 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.
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