Mermaid Waters at a glance
14,316
People
$2,130,000
Median sale
$943/wk
Median rent
2.30%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
QLD › Mermaid Waters › Karratha Ct
$2,565,000
Last sold
23 Mar 2026
5
Bedrooms
4
Bathrooms
5
Car spaces
886 m²
Land
465 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$2,565,000
23 Mar 2026 · derived via latest_sale
Local land rate: recorded House sales in Mermaid Waters (last 5 years) with land size have a median of $2,844/m² of land (n=65). Districts calculation from recorded sales — not a valuation.
Mermaid Waters at a glance
14,316
People
$2,130,000
Median sale
$943/wk
Median rent
2.30%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
Vs Mermaid Waters
+20.4%
Median sale
Suburb $2,130,000
-0.39 pp
Gross yield
Suburb 2.30%
Suburb median $2,130,000 from 64 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
City Plan
Zone
Low density residential
Low density residential
Jurisdiction
City of Gold Coast
Gold Coast, QLD
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDZoned Low density residential (City Plan). Official parcel area about 889 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $943/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Low density residential (City Plan). Official parcel area about 889 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumOfficial parcel about 889 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Mermaid Waters at a glance
14,316
People
$2,130,000
Median sale
$943/wk
Median rent
2.30%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White SouthportPositioned in one of Mermaid Waters' most tightly held and vibrant pockets, this fully renovated double-storey residence delivers space, flexibility and resort-style living in a way that's rarely available at this level in the area.
From the moment you step inside, natural light and coastal warmth set the tone. Designed for real family living, the expansive two-level floor plan offers five generous bedrooms, four-and-a-half bathrooms and the flexibility of up to three separate living zones - giving growing families, dual-living setups or work-from-home households the space they've been searching for.
At the heart of the home, open-plan kitchen, living and dining zones flow effortlessly to a standout alfresco entertaining area. This is where the lifestyle truly comes to life. Overlooking the resort-style pool and private cabana, the outdoor setting feels more like a boutique retreat than a suburban backyard.
Long lunches, milestone celebrations, summer evenings by the pool, this is a home designed to be enjoyed, not just admired.
Importantly, opportunities like this in Mermaid Waters - combining full renovation, scale, privacy and genuine outdoor entertaining - represent exceptional value compared to surrounding premium pockets. For buyers wanting size, quality and location without compromise, this is a must to inspect in person to truly appreciate. Arrange your inspection and experience it for yourself.
The Highlights :
- 886m2 secure block in popular Mermaid Waters hotspot
- Private and set amongst premium homes in quiet, leafy cul-de-sac street
- 465sqm of living space sprawling over two-levels
- 5 bedrooms (3 ensuited bedrooms)
- 4 full bathrooms + large downstairs powder room
- Stunning detail throughout, professionally renovated
- Open and airy interiors and a seamless indoor-outdoor flow
- Skylighting & high vaulted ceilings
- Coastal whites, neutral tones and clean lines all throughout
- Three separate family and living areas
- Expansive alfresco entertaining at the rear showcasing tiled bench with integrated bar fridges, mounted TV with surround sound, fan, woodfire pizza oven - perfect for hosting all your family/friends and BBQ events
- In-ground salt water pool with water feature & decked poolside cabana
- Entertainers kitchen with butlers pantry, large custom Caesarstone island bench and breakfast bar, stacker door servery window to outside, soft-close drawers and high quality appliances
- Full-sized laundry with convenient upstairs laundry chute
- Upstairs bedroom can also double as upstairs living/media space, features soaring 3.8m high ceilings and balcony
- Media room with 4K projector and surround sound for those cosy movie days & nights
- Huge master suite features a dressing room style walk-in robe, luxe ensuite with double vanity, freestanding bath and glass slider access to rear yard
- Dedicated home office with panel window view over pool, great for those who work/study from home
- Ceilings fans all throughout, plus air-conditioning split systems to all bedrooms and living area
- Integrated smart security wifi cameras and CrimSafe screens
- Pedestrian gate with video camera intercom plus remote sliding gate access
- Secure & private, with neatly manicured front/rear yards for the kids & pets to safely roam, set amongst tropical palm trees & gardens
- Parking room for 5 cars locked and secure behind gates, plus space for boats/caravans & trailers
- Modern LED ambient lighting all throughout
- 5-10min from the sand at Mermaid Beach and Nobby Beach
- 5-min to Pacific Fair and Q Super Centre
Mermaid Waters remains one of the Gold Coast's most coveted and desirable blue chip suburbs, prized for its central location and strong capital growth. Striking a balance between coastal luxury and suburban quiet. It is located just 3km (roughly 5-minute drive) from the sand at Mermaid Beach and Nobby Beach with close proximity and only minutes to Pacific Fair, Q Super Centre, the Oxley, Broadbeach's entertainment and dining precinct, quality schools and easy transport links - everything that makes this enclave so sought after.
Contact Andrew Bell or Ryan Milligan to arrange your viewing.
Disclaimer: In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own inquiries to verify the information contained herein.
Listing description written by Ryan Milligan, Ray White Southport — reproduced as published, not verified by Districts.
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