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Back 1/116 Petrel Avenue
Off Market

1/116 Petrel Avenue

Mermaid Beach QLD 4218

2
1
1
80 m²
Apartment
Last sold for $1,030,000
Adrian CorreaAdrian Correa, last sold this property on 28 February 2026 after 26 days on market.

Overview

Auction - February 28th

In the heart of one of the Gold Coast's most vibrant suburbs, this unique ground-floor residence presents an exceptional opportunity to secure your place in highly sought-after Mermaid Beach. Just moments from the sand and the ever-popular Nobby's precinct, the location offers an enviable lifestyle where cafés, dining, and coastal living seamlessly connect from morning through to night. Set within a tightly held address, 1/116 Petrel Avenue invites its new owners to become part of a suburb that continues to grow, thrive, and captivate. Whether you're a first-home buyer seeking a refined coastal entry, a young couple embracing the beachside lifestyle, or an investor looking for a smart addition in a blue-chip location, this is an offering that balances lifestyle appeal with long-term value. A rare opportunity to call Mermaid Beach home or invest with confidence in a location that truly has it all. Key Restaurants, bars and cafes: - Moustache, wine bar & restaurant - Lars Bar & Grill - Norte & Sueno Roof top - BSKT cafe - Holiday cafe - MexiCali bar Y Taqueria - Gemellini Key facts: - YEAR BUILT: 1978 - BUILDING BLOCK SIZE: 809m² - UNITS IN THE BUILDING: 9 - UNIT INTERNAL SIZE: 80m² - LAST RENOVATED: Approx 10 years ago - BODY CORP: Approx $1,600 Bi-Annually Contact Adrian Correa for more information or to register as a bidder at the upcoming Auction: 0400 060 351 adrian@preqld.com.au Disclaimer: In preparing this information we have 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 here. 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

Features

2 bedrooms
1 bathroom
1 carspace
80 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Mermaid Beach over the last 12 months, the estimated median property value of 1/116 Petrel Avenue is $1.08m.

Median value
$1.08m
Estimated value range
$750k - $1.92m
Median days on market
29
Estimated value trend
14%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Mermaid Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1/116 Petrel Avenue

2026
Sold
$1,030,000
Auction Sale on 28 Feb 2026 by Adrian Correa, of Phillis Real Estate Queensland

Happy sellers in Mermaid Beach

87%
87% of sellers in Mermaid Beach reported that their sale price either exceeded or met their price expectations.

Mermaid Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 55 reviews in Mermaid Beach over the last 12 months.

Local market activity for 2 bedroom apartments in Mermaid Beach

In the last 12 months, 66 two-bedroom apartments similar to 1/116 Petrel Avenue, have been sold.

This represents a 16% increase in two-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Mermaid Beach

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Trent Hones

Trent Hones is an award winning recommended agent for Mermaid Beach.  They have 23 local sales and collected 16 local reviews across the last 12 months.

  •   5   (113 reviews)
  •  16 Reviews in Mermaid Beach
  •  23 Sales in Mermaid Beach
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Guy Powell

Sellers who recommend Guy Powell have praised them for being clear communication, local expert, friendly, honest, responsive, supportive and easy to work with

  •   5   (311 reviews)
  •  8 Reviews in Mermaid Beach
  •  9 Sales in Mermaid Beach
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Paulette Koriacos

Paulette Koriacos is a recommended agent for Mermaid Beach.  They have 5 local sales and collected 5 local reviews across the last 12 months.

  •   5   (30 reviews)
  •  5 Reviews in Mermaid Beach
  •  5 Sales in Mermaid Beach
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Gypsea Youngsmith

Gypsea Youngsmith is a recommended agent for Mermaid Beach.  They have 2 local sales and collected 5 local reviews across the last 12 months.

  •   5   (29 reviews)
  •  5 Reviews in Mermaid Beach
  •  2 Sales in Mermaid Beach
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