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 › Cadence Ave
$3,050,000
Last sold
13 Feb 2026
4
Bedrooms
2
Bathrooms
2
Car spaces
1,089 m²
Land
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
$3,050,000
13 Feb 2026 · derived via latest_sale
Local land rate: recorded House sales in Mermaid Waters (last 5 years) with land size have a median of $2,895/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
+43.2%
Median sale
Suburb $2,130,000
-0.69 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 1,093 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 1,093 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 1,093 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 KolloschePositioned on a substantial 1,089m²* corner allotment between two quiet cul-de-sac streets in one of Mermaid Waters most tightly held pockets, this expansive north-east facing waterfront holding presents a rare opportunity to secure a premium parcel with significant untapped potential.
Surrounded by substantial residences commanding multi-million-dollar prices, the block enjoys a prized outlook with 9 metres* of white sandy water frontage to wide inlet and a peaceful, private setting in proximity to the coast. The generous land size and favourable orientation present scope for future redevelopment, including the potential to create dual waterfront townhouse residences, subject to council approval, benefiting from calm canal conditions while remaining moments from main boating channels.
Currently occupying the block is an original single-level family home, and one of the earliest houses established in this enclave. The residence offers generous proportions, multiple living zones and direct access to the private sandy beach, providing immediate holding income or comfortable accommodation while future plans are explored.
Whether retained, renovated or reimagined, this is a blue-chip Mermaid Waters offering where location, land size and orientation combine to create an exceptional long-term investment or development opportunity in a suburb renowned for its enduring value.
The Highlights:
- Rare 1,089m²* north-east facing waterfront allotment
- Prominent corner position between two quiet cul-de-sac streets
- Development potential for dual waterfront residences subject to council approval
- Located in premium, central Mermaid Waters location
- Approx. 9m* water frontage to wide inlet, with private sandy beach
- Calm canal setting with easy access to the Nerang River
- Surrounded by quality homes and multi-million-dollar residences
- Original brick family home with large backyard and five car spaces
- Four-bedroom residence with multiple living areas
- Ideal holding property while future plans are considered
Set within one of Mermaid Waters' most desirable pockets, this address is moments from the popular Nobby Beach dining and café precinct, local parks and everyday conveniences. Patrolled beaches are within 2km, Pizzey Park sporting facilities, Pacific Fair Shopping Centre, Broadbeach, Mermaid Beach and Miami are all close by. Positioned within the catchment for Mermaid Waters State School and Miami State High School, the home is also within easy reach of respected private schools including Somerset College and Marymount College. Public transport and major amenities are nearby, reinforcing the long-term lifestyle and investment appeal of this exceptional waterfront location.
Disclaimer: 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.
Disclaimer: This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Listing description written by Brad Coyne, Kollosche — reproduced as published, not verified by Districts.