38 Gretel Drive

Mermaid Waters QLD 4218

For strategic advice on your next sales campaign, call Gypsea on 0424 544 485.

Prized Point Position, North-East Facing Waterfront Opportunity with Endless Potential

Bolstered by an exceptional combination of scale, aspect and outlook, this sprawling 1,050m²* 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.

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.

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.