32/172 Barrier Reef Drive, Mermaid Waters, QLD 4218 | Property Value & History | OnTheHouse
OFF MARKET

32/172 Barrier Reef Drive
Mermaid Waters QLD 4218

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 65m2
Land area: 121m2
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Last updated 20 Jul 2026
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Property Details for 32/172 Barrier Reef Dr, Mermaid Waters

Building Type
Commercial
Year Built
1987
Floor Size
65m2
Land Size
121m2
Local Government
Gold Coast City
Lot/Plan
32/GTP1726

Last Listing description (July 2026)

Great opportunity to secure a spacious one-bedroom Villa within the Rio Vista Palms Complex that is in the highly desirable suburb of Mermaid Waters.

This delightful light and bright villa has open plan living with a large well-equipped kitchen with loads of storage and bench-top space. Situated at the end of a pathway, of this quiet complex, that enjoys the added convenience of walking distance to the Q-Super Centre.

In addition, the beach is 4 mins away, as is Pacific Fair Shopping Centre, Star Casino and the Light Rail.

Features at a glance:
Completely private 1 bedroom Villa
King-size bedroom with huge wardrobe
Main bathroom with convenient 2-way access
Open plan living
Great sized kitchen with plenty of bench space and storage
Crimsafe security screens
Ceiling fans
Air-conditioning
Separate laundry
Separate toilet
Single garage with remote and direct access
Fenced outdoor courtyard with undercover space for entertaining.

All enquiries welcome.

Apply For This Property Online: https://TheOnsiteManager.com/apply/21187908
(Listing ID: 21187908 )

Property History for 32/172 Barrier Reef Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$297,500
22 May 2017
Listed for Rent
19 Jul 2025
  • 17 Jul 2026
    Listed for Rent $700 / week
  • 24 May 2026
    Listed for Sale Offers Over $749,000
  • 08 Jul 2025
    Listed for Rent $650 / week
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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 6,225 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 49 properties listed for sale, and 14 properties listed for rent in Mermaid waters on OnTheHouse. According to Cotality's data, 278 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.