56/111 Markeri Street, Mermaid Waters, QLD 4218 | Property Value & History | OnTheHouse
OFF MARKET

56/111 Markeri Street
Mermaid Waters QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 74m2
Land area: 527m2
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Property Details for 56/111 Markeri St, Mermaid Waters

56/111 Markeri St, Mermaid Waters is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1982. The property has a land size of 527m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in May 2020.

Building Type
Unit
Year Built
1982
Floor Size
74m2
Land Size
527m2
Local Government
Gold Coast City
Lot/Plan
56/BUP5255

Last Listing description (July 2020)

Waterfront living at a fraction of the price! What a location!! Situated on one of the best canals in the prestigious Mermaid Waters, lies this, 2 bedroom, 1 bathroom apartment just waiting for its new owners to enjoy! Set only minutes back from the beach, and with Pacific Fair shopping centre within walking distance, you can't beat this property on location!

The value for money here must be seen to be believed. Set up on the second floor, with its own large private balcony offering complete privacy from the outstanding gardens. Large modern kitchen with open plan living and dining that offers plenty of space. Both bedrooms are equipped with ceiling fans and built-in robes. The master complete with its own balcony that catches the natural sunlight.

Features:

- Waterfront living
- 2 large bedrooms with built-in robes
- Bathroom with updated vanity
- Large private main balcony & smaller balcony off the master bedroom
- Ceiling fans throughout
- Undercover parking
- Lock up storage
- Fully gated complex
- 2 pools & BBQ area
- Boat ramp and wharf into the canal

Periodic lease agreement
Current rental return: $380 p/w
Body corporate fees: $62.00 p/w approx.

The new owners will enjoy living in the heart of the Gold Coast, with Mermaid Waters being home to some of the best bars & restaurants on offer, not to mention next to the largest shopping centre in the city, Pacific Fair. With public transport and a variety of schools located near the complex, why wouldn't you choose to live the Gold Coast lifestyle here! Call James Francis today to book your private inspection.

Controlled inspections "open homes" are now allowed with the following guidelines:
- A maximum of six people including the real estate agent inside the home at any one time with no more than one person per 4 square metres
- Social distancing and hygiene protocols to be adhered to at all times
The team at Ray White Nerang are looking forward to showcasing our properties with controlled inspections while prioritising the health and safety of our clients and team members. We will continue to offer private inspections also.

Please contact the agent to confirm your open home attandance if an inspection time has been set.

DISCLAIMER: We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

Property History for 56/111 Markeri St, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$310,000
12 May 2020
  • 12 May 2020
    Sold for $310,000
  • 07 Apr 2020
    Listed for Sale $299,000 - $319,000
  • 11 Sep 2019
    Listed for Rent $380 / week
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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 6,219 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, 279 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.