38 Gretel Drive, Mermaid Waters, QLD 4218 | Property Value & History | OnTheHouse
FOR SALE

38 Gretel Drive
Mermaid Waters QLD 4218

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 247m2
Land area: 1050m2
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Property Details for 38 Gretel Dr, Mermaid Waters

38 Gretel Dr, Mermaid Waters is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 1990. The property has a land size of 1050m2 and floor size of 247m2.This Property is currently listed for sale with Kollosche

Building Type
House
Year Built
1990
Floor Size
247m2
Land Size
1050m2
Local Government
Gold Coast City
Lot/Plan
535/RP136075

Last Listing description (July 2026)

Contact Gypsea on 0424 544 485 to arrange a private viewing.

Bolstered by an exceptional combination of scale, aspect and outlook, this sprawling 1,050m* waterfront allotment represents strategic acquisition in a prime location. Claiming a coveted point position and encircled by a substantial 38.5m* of north-east facing water frontage, the views are equally impressive. Overlooking a serene, wide waterway, it sweeps across to embrace city skyline vistas, and offers coastal convenience, just 2km from the beach.

Zoned Low Density Residential, the property presents compelling flexibility for now and the future. Retain the existing residence and enjoy immediate rental income while exploring your options, undertake a renovation to enhance value, or capitalise on the scale and position with a brand-new double storey home designed to fully embrace the panoramic water and city views. For those with a visionary approach, there is also scope to investigate development potential (STCA). And with the current owners in possession of building plans, you'll be able to make a swift start.

The current single level home reflects classic 1990s design and offers comfortable, functional living. A central kitchen anchors open plan living and dining zones that transitions to an alfresco entertaining terrace, while a separate lounge provides additional space to relax. Four bedrooms and three bathrooms also feature, including a master suite with a spa ensuite, walk-in robe, terrace access and tranquil views. Outdoors, a covered alfresco entertaining area accompanies a sun-drenched pool and patio plus an expansive backyard that stretches to the water's edge.

The Highlights:
- Exceptional landholding sprawling 1050m2* point position block, with 38.5m* of northeast facing water frontage and skyline views
- Prime location, approx. 15 min walk to Pacific Fair and approx. 2km from golden beaches
- Zoned Low Density Residential
- Enticing potential to renovate and add value, knock down and rebuild a double storey home that further capitalises on the water and skyline vistas, or explore development opportunities (STCA)
- Builder's plans are available for you to make a swift start
- Classic 1990s single level home onsite, with scope to rent out and earn income while investigating your options
- Kitchen anchors an open plan living and dining zone that flows outdoors
- Spacious lounge room
- Master suite features a spa ensuite, walk-in robe, alfresco terrace access and stunning views
- Three additional bedrooms with built-in robes; one with an ensuite
- Family bathroom with separate toilet
- Alfresco entertaining terrace
- Freeform pool surrounded by a sunny patio
- Vast open backyard area, overlooking the serene waters
- Ample storage, including the laundry
- Double garage and driveway parking

Tucked away in a tranquil, tree-lined cul-de-sac, this location is family-friendly, private and convenient. It's only a short stroll to Mermaid Waters Shopping Village to grab your morning coffee or evening takeaway meal, or walk to upscale retail and leisure mecca, Pacific Fair, in approx. 15 minutes. Parks, sporting facilities plus primary and high schools are also nearby, and it's a short drive to sample the vibrant dining precincts at Broadbeach, Nobby Beach and Mermaid Beach.

Ready to capitalise on a lucrative allotment that excels in position, potential and panoramic views? Start the conversation, contact Gypsea Youngsmith on 0424 544 485 for more information today.

Disclaimer: 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 38 Gretel Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$3,700,000
06 Mar 2024
Listed for Rent
$900/w
02 Jun 2021
  • 07 May 2026
    Listed for Sale $4,595,000
  • 06 Mar 2024
    Sold for $3,700,000
  • 27 Feb 2024
    Listed for Sale SOLD BY KIM & LISA!
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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 14 properties listed for rent in Mermaid waters on OnTheHouse. According to Cotality's data, 288 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.