36/172 Barrier Reef Drive, Mermaid Waters, QLD 4218 | Property Value & History | OnTheHouse
OFF MARKET

36/172 Barrier Reef Drive
Mermaid Waters QLD 4218

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 154m2
Land area: 176m2
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Property Details for 36/172 Barrier Reef Dr, Mermaid Waters

36/172 Barrier Reef Dr, Mermaid Waters is a 1 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1987. The property has a land size of 176m2 and floor size of 154m2. While the property is not currently for sale or for rent, it was last sold in February 2019.

Building Type
Townhouse
Year Built
1987
Floor Size
154m2
Land Size
176m2
Local Government
Gold Coast City
Lot/Plan
36/GTP1726

Last Listing description (June 2026)

Nestled within the peaceful Rio Vista Palms complex, this beautifully presented residence offers a low-maintenance lifestyle with a long list of quality inclusions. Inside, you'll find a stylish blend of natural materials and contemporary finishes. The 2-pac kitchen and laundry are complemented by Essa stone benchtops and a solid spotted gum timber kitchen bench. Spotted gum timber flooring runs throughout, adding warmth and texture, while plantation shutters and square-set ceilings create a clean, modern aesthetic. Inverter air conditioning services the bedrooms and lounge, and all tapware is finished in elegant rose gold. A luxurious stone bath adds an extra touch of indulgence. Step outside to enjoy the private, beautifully landscaped surrounds. The entertaining courtyard is finished with travertine pavers, while solid cedar sliding doors and a strut kitchen window open to an outdoor breakfast barperfect for morning coffee. The electronic Vergola with a rain sensor adds a smart, weather-responsive touch to the outdoor entertaining space makes this perfect for year-round enjoyment. Positioned centrally within Mermaid Waters, this home is ideally located within the well-maintained Rio Vista Palms complex. Families will appreciate being in the catchment for nearby public and private schools, as well as local kindergartens. With its unbeatable location and outstanding features, this home is a true gem in one of the Gold Coast's most sought-after suburbs. Property Features:Stylish 2-pac kitchen with ample storage, Essa stone benchtops and a solid Spotted Gum timber bench Stylish Master bedroom featuring elegant VJ panelling with built in robes and air conditioning Open plan living with plantation shutters and air conditioning Spacious bathroom with luxurious stone bath, shower, vanity and toilet with elegant rose gold tapware Solid cedar sliding doors and kitchen strut window with outdoor breakfast barLaundry with Essa stone benchtops Outdoor Features:Private courtyard with travertine paversElectronic Vergola with rain sensor for all-weather outdoor livingOutdoor shower and backyard security cameraSide entry gate providing access to Markeri StreetAutomatic irrigation system to front, back and side gardensRecently restored and freshly painted roof7.92kW solar system with 19 solar panels and Goodwe 6kW inverterOversized single lock up garage 183m2 Block Body Corporate Details:Rio Vista Palms complex of just 63 villasLow body corporate fees of approximately $35 per week Location:Approx. 3 mins to Q Super CentreApprox. 4 mins to Pacific Fair Shopping CentreApprox. 4 mins to Miami State SchoolApprox. 5 mins to Pizzey ParkApprox. 6 mins to Nobby BeachApprox. 6 mins to The Star CasinoApprox. 6 mins to St Vincent's Primary SchoolApprox. 8 mins to Broadbeach State SchoolApprox. 8 mins to Bond UniversityApprox. 9 mins to Burleigh BeachDisclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Property History for 36/172 Barrier Reef Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$310,000
21 Feb 2019
Listed for Rent
$325/w
21 Aug 2015
  • 04 Apr 2025
    Listed for Sale UNDER CONTRACT
  • 25 Jan 2023
    Listed for Sale SOLD - $495,000
  • 10 May 2019
    Listed for Rent $340 / 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 6,228 properties. Over the last 5 years, Houses in Mermaid Waters have seen a 51.01% increase in median value, while Units have seen a 75.05% increase. As at 31 August 2026:

  • The median value for Houses in Mermaid Waters is $2,149,184 while the median value for Units is $980,438.
  • Houses have a median rent of $1,400 while Units have a median rent of $850.
There are currently 67 properties listed for sale, and 18 properties listed for rent in Mermaid waters on OnTheHouse. According to Cotality's data, 263 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.