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

Bedrooms: 5
Bathrooms: 4
Car spaces: 3
Floor area: 485m2
Land area: 1919m2
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Property Details for 51 Portobello Dr, Mermaid Waters

51 Portobello Dr, Mermaid Waters is a 5 bedroom, 4 bathroom House with 3 parking spaces and was built in 1992. The property has a land size of 1919m2 and floor size of 485m2. While the property is not currently for sale or for rent, it was last sold in March 2018.

Building Type
House
Year Built
1992
Floor Size
485m2
Land Size
1919m2
Local Government
Gold Coast City
Lot/Plan
1/RP230330

Last Listing description (June 2023)

The once in a lifetime opportunity to secure a lifestyle of unrivalled luxury has arrived with "The Point" residence, located in the exclusive Mermaid Waters gated estate, Portobello Place. Anchored on a sprawling 1919m2 point position block with an enviable 60m of north-east aspect waterfrontage, this magnificent property is showcased by 641m2 of sophisticated interiors and tranquil, wide water views which emanate from the 18ft frameless glass windows, bordering the formal lounging, dining and entertaining space. You'll also enjoy the gourmet kitchen which boasts Sahara granite bench tops, walk-in pantry, integrated Miele appliances and a drop-down breakfast bar as well as a granite wet bar with integrated wine fridges and LED feature lighting, ideal for effortless entertaining.
Boasting 5 exceptional bedrooms and 4.5 bathrooms, the deluxe master suite occupies a private wing including a custom his and hers dressing room, waterfront balcony and a large ensuite with a bidet, twin vanity, and freestanding feature bath. The remaining bedrooms present with built-in-robes, water views, with bedroom 4 featuring an elegant ensuite, patio and walk-in-robe.
Outdoors, a superb 60m of wide waterfront awaits, along with a tiled, under-roof dining terrace enhanced by a Bose outdoor sound system. There's also a 12m pool with sitting ledge and waterfall, sun deck and private jetty, nestled amongst perfectly manicured grounds and terraced gardens which hem the exceptional 1919m2 land parcel.

Featuring flawless marble and limestone finishes throughout, along with an executive office, media room, soaring ceilings, ducted air-conditioning, gatehouse with video intercom, CCTV back-to-base security, secure off-street parking for six vehicles plus a double garage with built-in storage, it's also located close to vibrant Broadbeach, Pacific Fair and Star Casino.

This is the perfect property for those who demand excellence.

Rare 1919m2 block with 60m of northeast-to-water point position location
Immaculate dual-storey home spanning 641m2 with flawless limestone and marble finishes
Soaring 18ft frameless windows to soak in wide water views from formal lounge & dining
Granite kitchen with Miele steam oven, induction cooktop, servery, soft-close drawers, walk-in-pantry
Executive office, media room, formal area with granite wet bar
Deluxe master suite occupies a private wing, with his'n'hers custom dressing rooms, waterfront balcony plus and a large ensuite
Remaining bedrooms present with built-in-robes, water views + bedroom 4 with ensuite
Tiled, under-roof dining terrace with Bose outdoor sound system and picturesque waterfront
12m pool with sitting ledge and waterfall, sun deck and private jetty
Lush, manicured grounds and terraced gardens
Ducted air-conditioning, gatehouse with video intercom, CCTV and back-to-base security
Secure off-street parking for six vehicles plus a double garage with built-in storage
Central to Pacific Fair, Star Casino and vibrant Broadbeach

Disclaimer: This property is being sold by auction or without a price and therefore a price guide cannot be provided. 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.

Property History for 51 Portobello Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$2,850,000
10 Mar 2018
Listed for Rent
$1.60k/w
13 Sep 2011
  • 10 Mar 2018
    Sold for $2,850,000
  • 09 Feb 2018
    Listed for Sale Under Offer
  • 13 Feb 2017
    Listed for Sale $2,995,000
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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 51.01% 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 56 properties listed for sale, and 15 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.