Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started
Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started

QLD › Mermaid Beach › Seagull Ave

3/116 Seagull Ave, Mermaid Beach QLD 4218

For saleApartment

$2,900,000

For sale

Asking

3

Bedrooms

3

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $2,900,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $2,900,000(Listing record · 9 June 2026)
  • CalculationAsk is 17% below the Mermaid Beach median recorded sale ($3,510,000, n=21, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Mermaid Beach's advertised median rent ($929/wk), implied gross yield would be 1.67% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$2,900,000

Asking

No recorded sale for this property.

Mermaid Beach at a glance

7,183

People

$3,510,000

Median sale

$929/wk

Median rent

1.38%

Suburb gross yield

Median sale from 21 recorded sales (last 12 months) — a Districts calculation.

See the full Mermaid Beach report →

Vs Mermaid Beach

-17.4%

Median sale

Suburb $3,510,000

+0.29 pp

Gross yield

Suburb 1.38%

Suburb median $3,510,000 from 21 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$2,900,000
Stamp Duty (Queensland)
$147,275
Transfer/Registration Fee
$12,912
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$3,063,887

$163,887 on top of the price (5.7% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Mermaid Beach's advertised median rent — not a rent for this listing.

Net yield
0.17%
Annual cashflow (pre-tax)
$-145,992
Interest cover (DSCR)
0.03
Annual rent
$48,308
Operating expenses
$43,500
Loan amount
$2,320,000
Annual interest
$150,800
Gross yield
1.67%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

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

Property history

  1. Listed$2,900,000available9 June 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $929/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 1.7%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Mermaid Beach in one glance

Mermaid Beach at a glance

7,183

People

$3,510,000

Median sale

$929/wk

Median rent

1.38%

Suburb gross yield

Median sale from 21 recorded sales (last 12 months) — a Districts calculation.

See the full Mermaid Beach report →

Keep researching

  • Why Mermaid Beach? Read the area thesis →
  • What else is on the market in Mermaid Beach →
  • Other records on Seagull Ave →

Listing material

Listed by Kollosche

Boutique Full-Floor Residence in Beachside Address

Positioned on the third level within the newly completed 'Nosara', a boutique collection of only four full-floor luxury residences designed by BDA Architecture, this home combines privacy, architectural design and refined coastal living in one of Mermaid Beach's most desirable beachside pockets.

Direct lift access opens into light-filled interiors, where floor-to-ceiling glazing, soft architectural curves and a neutral palette create an immediate sense of calm. Open plan living and dining connect seamlessly to a balcony with built-in stone bar, capturing ocean glimpses, treetop outlooks and views of the Broadbeach skyline.

The statement kitchen is anchored by a 3.2m stone-draped island and integrated Liebherr refrigeration, Miele appliances, bronze tapware, bespoke curved cabinetry and pull-out pantry storage. Oak flooring, custom joinery and sophisticated feature lighting enhance the elevated finishes throughout.

Read the full description

The master suite is framed by full-height glazing that draw in natural light and coastal breezes, complemented by a generous walk-in robe with stone island dresser. The luxurious ensuite features floor-to-ceiling natural stone, fluted glass detailing, bronze tapware and a statement freestanding bath. Two additional bedrooms with built-in robes are complemented by bathrooms, including one ensuite, while a dedicated study nook, laundry and ample storage enhance everyday living.

Nosara brings together a beautiful palette of natural materials including brickwork, travertine and limestone tiles, curved glazing, concrete detailing and lush landscaping to create a distinctive architectural address moments from the beach, light rail and the cafés and restaurants of Nobby Beach.

The Highlights:

- Residence 3 within Nosara, a boutique collection of only four architecturally designed full-floor coastal residences

- Designed by BDA Architecture with interiors curated around a warm neutral palette, bespoke joinery and elevated natural finishes

- Sun-drenched north and east facing three-bedroom, three-bathroom residence positioned on the third level with private direct lift access

- Expansive open-plan living and dining zones framed by floor-to-ceiling glazing, soft architectural curves and Broadbeach skyline views; includes built-in cabinetry

- Large entertainer's balcony with built-in stone bar area, breezeway block wall, ocean glimpses and treetop outlooks

- Statement kitchen with a 3.2m stone-draped island and integrated LED feature lighting; Miele appliance suite including induction cooktop, pyrolytic oven and combination microwave oven, plus integrated dishwasher; integrated Liebherr fridge/freezer, double undermount sink

- Bespoke curved cabinetry, bronze tapware, pull-out double pantry storage and integrated in-drawer charging station

- Master suite framed by full-height glazing with Broadbeach skyline views, custom walk-in robe with stone island dresser, shoe shelving and extensive bespoke storage

- Luxury fully tiled ensuite with floor-to-ceiling natural stone, fluted glass detailing, double shower configuration, bronze tapware, dual stone vanity and freestanding bath

- Two additional bedrooms with built-in robes, complemented by beautifully appointed bathrooms

- Dedicated built-in study nook with stone benchtop and custom cabinetry

- Bathrooms finished with floor-to-ceiling natural stone tiling, oak cabinetry, stone slab vanity tops and premium bronze fixtures

- Well-appointed laundry with natural stone finishes, built-in ironing board and private drying balcony

- Double-glazed E-glass to keep the home warm in winter and cool in summer

- Quality oak flooring, wool carpets, bespoke joinery and sophisticated lighting

- Daikin ducted air-conditioning and ceiling fans throughout

- Secure basement parking for two vehicles plus storage

- Quiet tree-lined street position moments from Mermaid Beach, Nobby Beach dining precinct, cafés, restaurants and light rail

Perfectly positioned in one of Mermaid Beach's most desirable beachside pockets, Nosara places you moments from the sand and a short stroll to cafés, restaurants, boutiques and everyday conveniences. Nobby Beach's dining precinct is within walking distance, along with the G light rail for easy connectivity north and south. Pacific Fair Shopping Centre, The Star Casino, Broadbeach and Burleigh Heads are all within easy reach, while the quiet Seagull Avenue setting offers privacy and calm close to the coastline.

Experience the scale, luxury and beachside lifestyle this boutique Mermaid Beach residence offers. Contact Brad Coyne on 0420 588 866 or Taylor Kleinberg on 0447 466 177.

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.

Listing description written by Taylor Kleinberg, Kollosche — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Ensuites: 1
  • Intercom
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.