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 › Karbunya St
$5,750,000
Last sold
17 Dec 2025
5
Bedrooms
5
Bathrooms
3
Car spaces
729 m²
Land
475 m²
Building
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
$5,750,000
17 Dec 2025 · 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
+170.0%
Median sale
Suburb $2,130,000
-1.45 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 data is being calculated
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
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” 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.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
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?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). 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
UnknownDevelopment applications have not been queried 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 KolloscheNewly completed on a prime north-east facing waterfront parcel, this contemporary architectural masterpiece celebrates refined design, quality craftsmanship and spa-style amenity in one of Mermaid Waters' most peaceful pockets.
Designed by Studio Workshop and built by Jet Constructions, the curvaceous two-level sanctuary makes a sculptural statement from the street while inside, timeless natural materials and artisanal finishes curated by Collective Interiors come together in a symphony of texture, tone and understated style.
Made for easy living, entertaining and recreation, a functional floorplan spans 414m². High square set ceilings and generous glazing accentuate open plan living and a showstopping marble ILVE kitchen with butler's pantry and bar. Five ensuite bedrooms include a heavenly water-facing master suite with oversized dressing room and lavish ensuite, while a second lounge room, study nook and triple garage add to the appeal.
Flush flooring flows to a north-east facing wraparound deck where summer will be spent playing host in the BBQ kitchen with serene views over quiet water. Cool off in the sun-kissed mineral pool, launch the boat and toast marshmallows under the stars around the firepit. An infrared sauna and ice bath complete this lifestyle haven, ideally positioned beside a nature reserve and just minutes from the beach and Nobby Beach Village.
The Highlights:
- Brand-new architectural home on a north-east facing waterfront position
- Striking curved façade with dry-stacked stone, timber battens and hanging greenery
- Quiet canalfront position tranquil water outlook and adjoining nature reserve
- 414m² internal area across two light-filled levels featuring 2.9m square set ceilings on the ground level and 2.65m ceilings upstairs
- Entry features 2.8m solid timber pivot door, 6m void, handmade Soktas glass wall lights
- Open-plan living and dining with dry bar, custom cabinetry and bespoke pendant
- Kitchen boasts Monreale marble island bench, walnut laminate cabinetry, Italian-made ILVE appliances including side by side door fridge-freezer, 90cm oven, cooktop and rangehood
- Butler's pantry with second ILVE fridge, oven and dishwasher, Billi 5-in-1 tap; mudroom area off the garage with shoe, coat and hat storage
- Wraparound hardwood timber deck with covered dining area, Sirius 5-burner BBQ with rotisserie, Husky double door drinks chiller, Abey alfresco party ice sink
- 8m mineral pool with natural travertine coping and outdoor shower
- Alpine infrared sauna and ice bath
- Tiered rear lawn featuring a fire pit with built-in seating
- 6m pontoon with power and water
- Generous master bedroom with water view, open ensuite with round tub, shower room, twin stone vanity, plus spacious dressing room with enclosed robes
- Four additional bedrooms all with built-in robes, wool carpet, ceiling fans, full height curtains
- Ensuite bathrooms feature Lucent Design brushed gold tapware, travertine mosaic tiles, marble benchtops, handmade ceramic lights by Robert Gordon, heated towel rails, fluted glass frameless shower screens, freestanding bath in one
- Laundry features handmade Spanish tiles, brushed gold hanging rail, access to drying balcony
- Powder room with Nood concrete basin, Spanish handmade tiles, Argent smart toilet
- Stairs with statement pendant and sensor lighting
- Large linen storage room and hallway study nook
- Ducted and zoned air conditioning; solar power system; motorised curtains in lounge/dining and master bedroom
- Secure video intercom entry, security cameras, keyless entry, fully fenced perimeter
- Landscaped gardens and lush lawn with irrigation system;
- Triple garage with drive-through side access, honed concrete driveway, automated entry gate
Positioned in a peaceful pocket of Mermaid Waters, the home is perfectly placed to enjoy both the tranquillity of the canal and the vibrancy of the coast. Nobby Beach Village is only 600m away for cafés, dining and daily conveniences, while Waterways Village, Pacific Fair and Q Super Centre are all within a five-minute drive. Families are well catered for, with leading private schools including All Saints Anglican School, Somerset College and St Vincent's Primary all within a 10–15 minute drive. Leisure and recreation are close to home with Pizzey Park and Miami Aquatic Centre within walking distance, while the beach, walking paths and surf breaks of Miami are less than a kilometre away.
Discover a rare blend of craftsmanship, comfort and coastal connection – inspect with Jamie Harrison on 0424 965 891 and Taylor Kleinberg 0447 466 177.
Listing description written by Jamie Harrison, Kollosche — reproduced as published, not verified by Districts.
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