41/172 Barrier Reef Drive, Mermaid Waters, QLD 4218 | Property Value & History | OnTheHouse
OFF MARKET

41/172 Barrier Reef Drive
Mermaid Waters QLD 4218

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Property Details for 41/172 Barrier Reef Dr, Mermaid Waters

41/172 Barrier Reef Dr, Mermaid Waters is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1987. While the property is not currently for sale or for rent, it was last sold in April 2004.

Building Type
House
Year Built
1987
Local Government
Gold Coast City
Lot/Plan
41/GTP1735

Last Listing description (September 2025)

Expressions of interest

This property is coming soon. Please enquire now to have 'early bird' access to this unique offering.

An unparalleled opportunity awaits in the heart of Mermaid Waters, where this extensive property beckons as a prime investment, promising an impressive $2500 per week (approx) in rental returns. Alternatively, you have the flexibility to transform this property into a versatile work-from-home sanctuary, perfectly tailored to accommodate your diverse needs and aspirations.

This property boasts a range of standout features, including:

- Two swimming pools, offering the convenience of both indoor and outdoor aquatic enjoyment.
- An expansive 1249 sqm (approximately) land holding, providing ample space for your creative endeavours.
- Approximately 856 sqm build; endless flexibility with the layout
- A total of eight bedrooms, ensuring ample room for family, guests, or office spaces.
- Four well-appointed bathrooms to cater to the needs of a busy household or workspace.
- A generous allocation of six car parking spaces plus visitors parking, making convenience and accessibility a top priority.

Seize this unique offering, combining investment potential with lifestyle adaptability. Whether you're seeking to secure a substantial rental income or envisioning a versatile work-from-home setup, this property in the heart of Mermaid Waters offers the perfect canvas for your ambitions. Don't miss the chance to turn this property into the ultimate manifestation of your dreams and financial goals.

Please contact Jacob Lanning on 0430 348 401 for further details.

DISCLAIMER: Please note that virtual furniture has been used for the advertising of this property. Any and all of the information provided by the selling agent is to be used as a guide only. Please make your own enquiries and rely on your own independent advice if you intend to purchase this property.

Property History for 41/172 Barrier Reef Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$263,000
03 Apr 2004
  • 13 Oct 2023
    Listed for Sale Expressions of Interest
  • 07 Feb 2021
    Listed for Rent $700 per week
  • 24 Oct 2018
    Listed for Sale By Negotiation
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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 6,221 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 53 properties listed for sale, and 14 properties listed for rent in Mermaid waters on OnTheHouse. According to Cotality's data, 270 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.