34/172 Barrier Reef Drive, Mermaid Waters, QLD 4218 | Property Value & History | OnTheHouse
 
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34/172 Barrier Reef Drive
Mermaid Waters QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Last updated 20 Jul 2026
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Property Details for 34/172 Barrier Reef Dr, Mermaid Waters

34/172 Barrier Reef Dr, Mermaid Waters is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1988. While the property is not currently for sale or for rent, it was last sold in November 2023.

Building Type
Townhouse
Year Built
1988
Local Government
Gold Coast City
Lot/Plan
34/GTP1726

Last Listing description (September 2025)

Relaxed loft-style living in 'Rio Vista Palms'

Positioned in the beautifully maintained 'Rio Vista Palms' complex, this spacious loft style villa has been cleverly designed for a relaxed, low-maintenance lifestyle. Featuring an attractive open plan layout with a large loft bedroom and private courtyard, it's a premium choice for buyers seeking easy living close to major shopping centres and just 7 mins to the beach.

- Two bedroom loft-style villa in the neatly kept Rio Vista Palms complex
- Handy location just 4 mins to the Q Super Centre or 5 mins to Pacific Fair

- Generous open-plan living/dining area with air con, ample natural light
- The space is magnified by the soaring gabled ceiling leading to the loft
- Perfect as a comfortable bedroom, second living area or large study
- Ground floor bedroom with two-way bathroom access and built-in robes
- Neat and tidy kitchen offers a Samsung cooktop and plenty of storage
- Private paved courtyard perfect for enjoying a cuppa in the sunshine
- 3x split-system air conditioners, security screens, single lock-up garage
- 7 mins to Mermaid Beach, stroll to Lake Hugh Muntz, 6 mins to Miami Marketta
- Council Rates: $2,217.92 per annum. Water Rates: $1,518.12 per annum.
- Rental appraisal: $750 - $800 per week.

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Property History for 34/172 Barrier Reef Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$676,000
21 Nov 2023
  • 12 Sep 2025
    Sold for $840,000
  • 29 Aug 2025
    Listed for Sale $840,000
  • 14 Dec 2023
    Sold for $700,000
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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 6,216 properties. Over the last 5 years, Houses in Mermaid Waters have seen a 65.96% increase in median value, while Units have seen a 81.74% increase. As at 30 June 2026:

  • The median value for Houses in Mermaid Waters is $2,206,438 while the median value for Units is $977,354.
  • Houses have a median rent of $1,400 while Units have a median rent of $830.
There are currently 47 properties listed for sale, and 16 properties listed for rent in Mermaid waters on OnTheHouse. According to Cotality's data, 281 properties were sold in the past 12 months in Mermaid waters.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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