123/40 Watson Esplanade, Surfers Paradise, QLD 4217 | Property Value & History | OnTheHouse
OFF MARKET

123/40 Watson Esplanade
Surfers Paradise QLD 4217

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 116m2
Land area: 314m2
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Property Details for 123/40 Watson Esp, Surfers Paradise

123/40 Watson Esp, Surfers Paradise is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 314m2 and floor size of 116m2. While the property is not currently for sale or for rent, it was last sold in April 2022.

Building Type
Unit
Year Built
1970
Floor Size
116m2
Land Size
314m2
Local Government
Gold Coast City
Lot/Plan
39/BUP436

Last Listing description (May 2022)

It's not every day you can find such a homely apartment with uninterrupted views from the Hinterland, over main river, sweeping around to the stunning postcard-like vista of Surfers Paradise and the ocean, both day and night.

Life here is as easy as "1-2-3"

1. Imagine breakfast in the morning sun whilst making coffee, from your Hamptons inspired kitchen.

2. In the evening just soak up the sunsets from your balcony over the canals and Hinterland whilst a glass of wine and a cheese platter with friends is enjoyed.
3. Dinner is served amongst the incredibly beautiful Surfers Paradise electric light show that is yours to immerse yourself in, every night.

Why buy Unit 123?

* Gorgeous renovated, open plan kitchen with Hamptons inspired dcor that includes country styled cabinetry, quality timber benches, subway tile splashbacks, breakfast bar, modern appliances, plus ornate hanging light fittings.
* Northern facing balcony to enjoy sunrise and sunset
* North-east living area large enough for entertaining whilst making the most of the surrounding views
* Bespoke main bathroom/laundry with floor to ceiling subway tiles and timber-look floor tiles throughout the unit.
* Separate toilet
* Large bedrooms with stunning vistas through new windows, ceiling fans, and large robes.
* Air-conditioned living
* 12th floor north facing aspect
* Secure basement parking and storage
* Resort style pool.and onsite manager.
All this only 3 blocks to the beach, 2 blocks from Cavill Ave yet ideally situated in a quiet pocket.
* Trip Advisor says there are 107 restaurants to walk to within 500m, and rates 95/100 for "walkability"
* Iconic "River Park" is exceptionally located and only minutes' walk from amenities including the world famous Surfers Paradise beach, restaurants, shops and the Surfers Paradise CBD. River Park Towers faces Northeast across the park and playground to the river and is away from the clutter of other hi-rises giving generous views and privacy too

Financials:

* Body Corp $156.77 per week (approx.)
* Potential Rental Return $650 to $700 per week
* Council Rates $871.26 - 6 months

This Apartment will not last long on today's market - so do not delay your inspection!

Famously known as the tourist capital of the Gold Coast, Surfers Paradise is located centrally on the coastline.

With numerous high-rise developments boasting sleek architectural features, enhanced by panoramic ocean views, apartments, units and homes all have the opportunities of the Surfers lifestyle. The streets and surrounds of Surfers are jam-packed with activities, entertainment and fun everywhere you turn. It is renowned for fine dining, fantastic shopping and a busy nightlife.

Surfers Paradise 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.

Property History for 123/40 Watson Esp, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$600,000
15 Apr 2022
Listed for Rent
$560/w
18 Sep 2018
  • 15 Apr 2022
    Sold for $600,000
  • 04 Apr 2022
    Listed for Sale Offers over $600,000
  • 18 Feb 2020
    Sold for $400,000
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About Surfers Paradise 4217

The size of Surfers Paradise is approximately 6.3 square kilometres. There are 20 parks, covering nearly 7.3% of the total area. The population of Surfers Paradise in 2016 was 23689 people. By 2021 the population was 26412 showing a population growth of 11.5% in the area during that time. The predominant age group in Surfers Paradise is 20-29 years. Households in Surfers Paradise are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Surfers Paradise work in a professional occupation.In 2021, 45.00% of the homes in Surfers Paradise were owner-occupied compared with 39.90% in 2016.

Surfers Paradise has 25,434 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 37.67% increase in median value, while Units have seen a 96.87% increase. As at 31 May 2026:

  • The median value for Houses in Surfers Paradise is $2,489,466 while the median value for Units is $884,448.
  • Houses have a median rent of $1,400 while Units have a median rent of $750.
There are currently 380 properties listed for sale, and 152 properties listed for rent in Surfers paradise on OnTheHouse. According to Cotality's data, 1621 properties were sold in the past 12 months in Surfers paradise.

Suburb Insights for Surfers Paradise 4217

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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.