48 Sailaway Street, Mermaid Waters, QLD 4218 | Property Value & History | OnTheHouse
OFF MARKET

48 Sailaway Street
Mermaid Waters QLD 4218

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
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Property Details for 48 Sailaway St, Mermaid Waters

48 Sailaway St, Mermaid Waters is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1981. While the property is not currently for sale or for rent, it was last sold in March 2025.

Building Type
House
Year Built
1981
Local Government
Gold Coast City
Lot/Plan
499/RP172414

Last Listing description (November 2022)

Untapped Potential Facing East to Water

Tap into the exciting potential offered by a large east-facing waterfront parcel with dazzling city skyline views within a tightly-held pocket of Mermaid Waters.
An original two-level house has been cherished by the same family for more than 30 years. Now ripe for renovation, solid brick construction and a saltwater pool present a promising foundation from which to capitalise on a sprawling 826m2 block with 20m water frontage.

The ground level hosts three bedrooms, plus living and dining rooms that take advantage of the water outlook. Two upper-level bedrooms open to a

waterfront balcony where the eye travels over water to a sea of lights from Broadbeach to Surfers Paradise.

A family-friendly lifestyle awaits, with an existing boat ramp opening up access to the waterways while flat lawns, front and rear, encourage kids outside. The house also sits opposite popular Kombumerri Park where a range of sporting facilities and green space awaits.

The Highlights:

- Tightly-held residence on market for the first time in more than 30 years
- Original brick house built in 1981 with second-level extension
- East-facing with 20m wide water frontage and city skyline views
- Saltwater pool set alongside the water
- Jetty plus a boat ramp with winch
- Covered patio, alfresco pergola and upper-level balcony
- Living room with ornate archway to dining room
- Dining room has water view and access to the covered patio
- Separate family room with outdoor access
- Retro kitchen with double sink, bench seating, and servery
- Upper-level master suite with walk-in robe and ensuite; additional upper-level bedroom has wet bar and potential for use as parent's retreat
- Three lower-level bedrooms have built-in robes; one also has an ensuite
- Office with built-in storage cupboards
- Main bathroom with built-in bath and separate toilet
- Laundry has access to external drying
- Double garage with storage
- Established gardens and flat lawns
- Split-cycle air conditioning throughout living areas and bedrooms

Mermaid Waters is a family-friendly locale favoured for its proximity to beaches, schools and conveniences. Q Super Centre is only 2.2km away, while the beach, shopping and dining of Broadbeach can be reached in 10 minutes or less. The property is situated opposite Kombumerri Park which offers an oval, basketball court and cricket nets, while AFL fans will appreciate being just 650m from the Broadbeach Cats Football Club. Merrimac State High School and Broadbeach State School are within the catchment.

Tap into the full potential of this prime location - contact Danny Stanley 0407 876 841.

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.

Disclaimer: It should be noted that this property is being sold by auction, therefore due to government legislation a price guide isn't available. The website possibly filtered this property into a price range for functionality purposes. Any estimates on this page are not provided by the agent and should not be taken as a price guide.

Disclaimer
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes

Property History for 48 Sailaway St, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$2,970,000
02 Mar 2025
  • 20 Nov 2022
    Sold - Price Undisclosed
  • 22 Oct 2022
    Listed for Sale Auction On-Site, Sunday 20 November at 11am
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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 6,226 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 16 properties listed for rent in Mermaid waters on OnTheHouse. According to Cotality's data, 281 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.