5 Portobello Drive, Mermaid Waters, QLD 4218 | Property Value & History | OnTheHouse
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5 Portobello Drive
Mermaid Waters QLD 4218

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 176m2
Land area: 871m2
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Property Details for 5 Portobello Dr, Mermaid Waters

5 Portobello Dr, Mermaid Waters is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1988. The property has a land size of 871m2 and floor size of 176m2. While the property is not currently for sale or for rent, it was last sold in September 2012.

Building Type
House
Year Built
1988
Floor Size
176m2
Land Size
871m2
Local Government
Gold Coast City
Lot/Plan
540/RP183491

Last Listing description (September 2012)

Spacious Family Entertainer
Mermaid Waters
This four bedroom family home with three large living areas offers loads of space for all the family. Also on offer is a fantastic opportunity for the buyer / builder to extend the existing home with approved plans and materials to start this project.

- 4 generous bedrooms - all with built in robes
- Master bedroom ensuited with walk in robe
- Separate gourmet kitchen
- 3 large living areas
- Fabulous outdoor entertaining area with built in BBQ
- Fully fenced, sparkling inground pool and beautiful feature sandstone paving
- Large grassed yard for the children to play
- Walk to peaceful Lake Hugh Muntz
- Approved plans for guest accommodation / rumpus, office and 3 car garage plus heaps of storage
- Great location - public transport and all major amenities nearby
Mermaid Waters is just 5 minutes from the beach and is bordered by Broadbeach to the north, Mermaid Beach to the east, Miami to the south and Robina to the west.
It is known as a quiet, family residential area comprising the 17ha freshwater Lake Hugh Muntz and a series of lakes and canals winding through the neighbourhood providing recreational activities such as swimming and kayaking. The infrastructure includes shopping at Q Super Centre, Pacific Fair and Robina Town Centre complexes; education at Miami State School, Miami High School, Merrimac High School, All Saints Anglican School, Somerset College, Marymount College and Bond University. Sporting facilities at Pizzey Park include a skate park, swimming complex, Burleigh Bears Leagues Club, Burleigh Soccer Club, Little Athletics and a gymnastics club. All these facilities are within a few minutes drive or use the well appointed bus routes.
Mermaid Waters lets you enjoy all the excitement of the Gold Coast with the theme parks on the Gold Coast corridor only 30 minutes drive north and a choice of 13 international golf courses and additional public courses in the vicinity.
Additional feature/s - Property condition: Good Property Type: House House style: Lowset.

Property History for 5 Portobello Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$530,000
09 Sep 2012
  • 09 Sep 2012
    Sold for $530,000
  • 18 Jul 2012
    Listed for Sale $539,000
  • 25 Apr 2006
    Sold for $440,000
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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 6,222 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 53 properties listed for sale, and 14 properties listed for rent in Mermaid waters on OnTheHouse. According to Cotality's data, 272 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.