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 › Mcilwain Dr
$3,888,000
Last sold
13 Feb 2026
0
Bedrooms
0
Bathrooms
0
Car spaces
998 m²
Land
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
$3,888,000
13 Feb 2026 · derived via latest_sale
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
+82.5%
Median sale
Suburb $2,130,000
-1.04 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. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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 KolloscheThe pathway to your ultimate dream home awaits with this exceptional 998m2 allotment in the brand new estate on Lake Wonderland. Encircled by an extraordinary 43.4m of water frontage and just 2km from golden beaches and vibrant coastal dining precincts, you're invited to capitalise on a prized landholding with approved plans to build an luxury residence worthy of award-winning acclaim.
Meticulously designed by esteemed architect Bayden Goddard and honed over two years of collaboration and refinement with the current owner, it reveals a residence that will be a statement of sleek glamour and timeless luxury. Sprawling across 592m2, a sweeping curved alfresco, resort-style pool and spa crown the outdoor experience, while inside, the residence is enhanced with five opulent ensuite bedrooms, a study, multiple living and dining zones, and a showstopping kitchen with scullery.
Prefer to tailor the vision to your own brief? Customisation is possible, yet is subject to relevant approvals, including body corporate. So, with the BGD Architects plans and approvals already in place, fast-track towards the finish without the delays, hidden costs, or complexities of starting from scratch, and live the luxurious life you deserve.
The Highlights:
- Build your dream waterfront residence in a brand new, master-planned estate on Lake Wonderland
- 998m2 block encircled by a staggering 43.4m water frontage
- Set within an estate enhanced by professionally landscaped and maintained gardens, high quality LED street lighting and CCTV security
- Central location, approx. 2km from golden beaches and vibrant coastal dining precincts
- Take advantage of the plans crafted by the acclaimed and award-winning architect Bayden Goddard for a sleek 592m2 statement of glamour and grandeur, honed over two years of collaboration and refinement with the current owner
- Currently configured with 5 ensuite bedrooms, study, gourmet kitchen with scullery, multiple living/dining zones and a showstopping curved pool, spa and alfresco entertaining area
- Interiors will showcase high quality finishes, including timber and stone flooring, with a showstopping stone clad, Rockcote render and batten exterior
- Avoid lengthy application processes and commence construction, with detailed plans and approvals already in place
- Alternatively, custom design a waterfront residence to cater to your personal preferences, while maximising privacy, luxury and tranquillity
Located in Mermaid Water's most exclusive new estate, this central and family-friendly suburb offers close proximity to all necessary amenities. Enjoy the sand and surf in just over 2km, with the popular Mermaid Beach, Nobby Beach and Broadbeach dining precincts within a 4km radius. For your shopping essentials, it's just over 3km to Q Super Centre or head to Pacific Fair Shopping Centre in 4.5km for an upscale retail, dining and leisure experience. The property sits in the catchment for Miami State School and Miami State High School, with leading private schools All Saints Anglican School and Somerset College an easy drive away.
Live luxuriously in a brand new master crafted home worthy of this exclusive estate. Don't delay, contact Taylor Kleinberg on 0447 466 177 or Claire Dai on 0432 318 746 today.
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.
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.