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 › Sailaway St
$5,500,000
Last sold
19 May 2025
6
Bedrooms
5
Bathrooms
4
Car spaces
826 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
$5,500,000
19 May 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
+158.2%
Median sale
Suburb $2,130,000
-1.41 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 John Reid Real EstateAuction Location: On-Site
Gracefully positioned on a wide expanse of water and directly opposite a peaceful park, this refined two-level residence offers a privileged waterfront lifestyle in one of Mermaid Waters' most sought-after streets. Capturing an ambient east aspect with captivating city skyline views, the home rests on a substantial 826m2 block with nearly 20 metres of water frontage and a private pontoon, creating a serene and scenic backdrop for everyday living.
Designed with understated sophistication and a classic Hamptons-coastal feel, the home reveals a luminous open-plan layout with high ceilings, multiple living and entertaining zones, and seamless indoor-outdoor flow. The spacious kitchen with butler's pantry forms the centrepiece of the main living space, all perfectly oriented to capture shimmering water and skyline views through wide bi-fold doors. Step outside to enjoy covered alfresco dining with a built-in BBQ kitchen, a sparkling magnesium pool with a sun-soaked deck, and tranquil views across the water.
With six bedrooms, five bathrooms, a ground-floor media room and an additional living space upstairs, the flexible floorplan caters comfortably to large families or multigenerational living. The master suite offers a peaceful retreat with a walk-in dressing room, ensuite, and private balcony overlooking the water. Two additional balconies, an oversized double garage, secure double carport, a fully fenced front yard with level lawn, and manicured landscaping complete this exceptional lifestyle package — all just moments from local cafes, shopping precincts, the beach and vibrant Broadbeach.
Features include:
- Coveted 826m2 block, east-facing to wide water
- Close to 20m of wide water frontage with glittering skyline views
- Positioned on a quiet cul-de-sac street opposite a peaceful park
- Hamptons-inspired two-storey design with refined finishes
- Bright open-plan living and dining with bifold doors connecting to outdoor entertaining
- Central kitchen with stone island, butler's pantry, canal and pool views
- Waterfront, covered alfresco with built-in BBQ kitchen and water misting system
- Sparkling in-ground, magnesium pool and sun-soaked deck
- Private pontoon for seamless access to the waterways
- Ground floor media lounge with bi-fold doors leading to lush front yard
- Separate guest suite with walk-in robe and ensuite with steam-room shower
- Upstairs living zone opens to balconies front and rear with park and water views
- Private master suite with WIR dressing room, ensuite and balcony with water views
- Three additional upstairs bedrooms all with walk-in robes, two sharing a two-way ensuite, plus an additional bathroom with bathtub
- Sixth bedroom positioned on the ground floor with separate bathroom, ideal for guests or multi-gen living
- Oversized double garage with internal access plus secure double carport
- Fully fenced front yard with level lawn, landscaped gardens and gated entry courtyard
- Walk to local cafes, parks and the beach. Just minutes to Pacific Fair, Mermaid Beach and Broadbeach
Suburb profile:
Centrally located to the very best the Gold Coast has to offer, Mermaid Waters provides relaxation and lifestyle second to none! Filled with an array of trendy cafes, restaurants and bars – you'll be spoilt for choice. Moments away from beaches, shopping mecca Pacific Fair, sports and recreation precinct Pizzey Park and Primary and High Schools. The waterfront properties offer direct ocean access, ideal for water enthusiasts and leafy parks and bikeways appeal to the outdoorsy type. A friendly community suburb, Mermaid Waters has something on offer for everyone.
Listing description written by Eric Lockhart, John Reid Real Estate — reproduced as published, not verified by Districts.
Also look at
3 Helm Ct, Mermaid Waters QLD 4218
3-bed house for sale. Currently listed.
U5, 34 Albicore St, Mermaid Waters QLD 4218
3-bed house. Currently listed.
U8, 9 Jodie Ct, Mermaid Waters QLD 4218
3-bed townhouse. Asking $1.05M.
3/127 Sunshine Blvd, Mermaid Waters QLD 4218
2-bed villa. Currently listed.