46/172 Barrier Reef Drive, Mermaid Waters, QLD 4218 | Property Value & History | OnTheHouse
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46/172 Barrier Reef Drive
Mermaid Waters QLD 4218

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 80m2
Land area: 169m2
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Last updated 17 Aug 2026
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Property Details for 46/172 Barrier Reef Dr, Mermaid Waters

46/172 Barrier Reef Dr, Mermaid Waters is a 2 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 1988. The property has a land size of 169m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in January 2025.

Building Type
Townhouse
Year Built
1988
Floor Size
80m2
Land Size
169m2
Local Government
Gold Coast City
Lot/Plan
46/GTP1735

Last Listing description (November 2017)

Are you looking for a solid, low maintenance 2 bedroom property in a great location??
This property is an ideal entry level for the first home buyer as well as being a sensible addition to your property portfolio.
Loads of natural light and open plan layout, this North facing Townhouse offers you the rare design, within this complex, of a fully paved and covered courtyard area and the added benefit of a lockable garage with an adjacent extra car space.

A ground floor bedroom with 2 way bathroom and an upstairs loft style second bedroom comes complete with its very own ensuite. An ideal teenage retreat or guest bedroom.
Situated in the secluded 'Rio Vista Palms' complex, within an easy stroll to local Q Super Centre and within a 3 to 4-minute drive to the local beach. No car, no worries, with a bus stop situated at the front of the complex giving you access to the 2 major Gold Coast Shopping Centres, Pacific fair and Robina Town Centre.
This Townhouse is perfect for a variety of buyers, but don't take my word for it, come and view and make your own decision!
BOASTING:
* Downstairs bedroom with modern 2 way bathroom
* Loft style bedroom upstairs with own ensuite
* Both bedrooms with ceiling fans, new floating timber floors and built ins
* Air conditioning in upstairs loft and living area
* Security screens throughout
* Tiled lounge, dining/ kitchen areas
* Separate laundry with access to paved private outdoor area
* Modern functional kitchen with breakfast bar and high splash back
* Large front undercover fenced in courtyard area, 1 of only 2 in the complex
* Single lock up garage and extra car space
* Plenty of visitor parking
* Low Body Corp of approx. $33pw
* Pet friendly at Body Corp approval
* Local transport at your complex entrance
* Rates $756.31 6 monthly
* Water $352.05 3 monthly

Property History for 46/172 Barrier Reef Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$875,000
31 Jan 2025
  • 31 Jan 2025
    Sold for $875,000
  • 17 Oct 2017
    Sold for $372,000
  • 11 Oct 2017
    Listed for Sale Offers $359,000 +
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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 6,225 properties. Over the last 5 years, Houses in Mermaid Waters have seen a 51.00% increase in median value, while Units have seen a 77.20% increase. As at 31 July 2026:

  • The median value for Houses in Mermaid Waters is $2,089,284 while the median value for Units is $967,893.
  • Houses have a median rent of $1,400 while Units have a median rent of $850.
There are currently 50 properties listed for sale, and 15 properties listed for rent in Mermaid waters on OnTheHouse. According to Cotality's data, 276 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.