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 › Markeri St
4
Bedrooms
3
Bathrooms
4
Car spaces
764 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Mermaid Waters (last 5 years) with land size have a median of $2,870/m² of land (n=66). 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.
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 767 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 767 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 767 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 COASTAL °Cornering Intrepid Drive this is a home of genuine warmth, style and versatility. 173 Markeri Street, Mermaid Waters presents a rare opportunity to secure a meticulously renovated residence with an incredibly flexible floorplan, beautifully curated interiors and the standout advantage of potential dual or multigenerational living. Set behind secure fencing and framed by a generous grassed front yard, this is a property that immediately feels different from most others on the market, blending chic Hamptons bungalow character with the practicality, comfort and separation so many modern families are searching for. Positioned in one of Mermaid Waters' most convenient lifestyle pockets, it is just moments from Pacific Fair, Q Super Centre, local schools, parks, dining precincts and the beach, delivering an exceptional balance of family liveability and coastal convenience.
Rich in personality and beautifully finished, the home unfolds across a highly functional layout with multiple living zones, refined coastal finishes and a seamless connection to its outdoor spaces. Plantation shutters, Australian black butt flooring, custom lighting, brand new carpet, double glazing, split system air-conditioning and ceiling fans throughout all combine to create a home that feels stylish, comfortable and wonderfully calm.
A true standout is the fully self-contained upper level, offering an oversized one-bedroom suite complete with its own kitchen, living and dining space, ensuite and a Juliet balcony with city skyline views. Whether used for dual living, teenage retreat, guest accommodation, home business or integrated family living, this level offers a rare degree of flexibility and can be completely locked away from the main residence if desired.
Downstairs, the home continues with three further bedrooms, including the master suite with ensuite, a beautifully appointed main bathroom, and a series of inviting living spaces tailored to both entertaining and day-to-day family life. One living zone is positioned alongside the kitchen and dining for easy connection, while a separate media or relaxation room flows directly out to the outdoor entertaining area and pool surrounds.
At the centre of the home, the gourmet open-plan kitchen has been designed for both form and function, offering generous bench space, breakfast bar seating and excellent storage. Outdoors, the lifestyle appeal is immediate, with a covered alfresco entertaining area with retractable awnings, a large inground pool framed by an expansive deck, and a secure grassed front yard that gives children and pets plenty of room to play. A cleverly tucked-away garden shed adds further practicality without compromising the home's clean aesthetic.
Adding yet another layer of versatility, the property enjoys dual street access via Markeri Street and Intrepid Drive, with a two-car carport and additional off-street space for multiple vehicles, boat, caravan or trailer storage.
This is a home that will resonate with buyers seeking more than just another renovated property. It is a residence with soul, flexibility and presence. A home that caters beautifully to changing family dynamics while delivering a level of style and functionality rarely found in this location.
Property Features:
• Chic Hamptons bungalow style with warmth, charm and character throughout
• Meticulously renovated residence with a highly flexible family floorplan
• 4 bedrooms, 3 bathrooms, flexible 4-car accommodation
• Rare dual living or multigenerational living potential
• Fully self-contained upstairs suite with kitchen, living, dining, ensuite and oversized bedroom
• Upstairs can be completely locked off or enjoyed as part of the main home
• Juliet balcony with skyline views from the upstairs living space
• Multiple indoor and outdoor living zones for families and entertainers alike
• Gourmet open-plan kitchen with breakfast bar seating, generous bench space and ample storage
• Separate media/lounge retreat flowing directly to the pool area
• Covered alfresco with retractable awnings for year-round entertaining
• Large inground pool with expansive deck surrounds
• Secure grassed front yard ideal for children and pets
• Cleverly concealed garden shed offering practical additional storage
• Plantation shutters, Australian black butt flooring and brand new carpet throughout
• Custom dining lighting, split system air-conditioning and ceiling fans throughout
• Specific windows & doors feature double glazing for enhanced peace and privacy
• Separate laundry with excellent bench space and storage
• Dual street access via Markeri Street and Intrepid Drive
• Two-car carport plus additional off-street space for extra vehicles, caravan, boat or trailer
• Centrally positioned moments from Pacific Fair, Q Super Centre and local shopping
• Minutes to Mermaid Beach, Broadbeach and an array of cafés, dining and entertainment
• Close to local parks, schools, transport and major lifestyle amenity
• A unique and beautifully finished home offering flexibility, functionality and standout character in a prime Mermaid Waters location
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Listing description written by Travis Miller, COASTAL ° — reproduced as published, not verified by Districts.