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Back 11/55 Duet Drive
Off Market

11/55 Duet Drive

Mermaid Waters QLD 4218

2
2
1
95 m²
Unit
Last sold for $777,000
Joel MadamJoel Madam, last sold this property on 16 May 2025 after 2 days on market.

Overview

The best buying opportunity in Mermaid Waters

Incredible value with this superbly appointed 2-bedroom north-facing Mermaid Waters apartment. Located within the quiet James Place the apartment features an expansive open plan kitchen, living and dining, private balcony to the living and master and an oversized bathroom and second bedroom. Currently owner occupied but with approximate rental returns of between $700-$750 per week and low Body Corporate as well as continued capital growth within Mermaid Waters this property presents the perfect opportunity for investors and first home buyers alike. Located minutes from 3 major shopping centres live in the heart of it all. FEATURES • Recently renovated spacious kitchen with ample storage and European appliances • Open plan kitchen, living and dining • North facing • Private balcony overlooking interior gardens • Spacious master with ensuite, built in robe and private balcony • Large, bright second bedroom with built in robes • Expansive renovated bathroom with internal laundry • Tiles throughout • Split system air-conditioning in lounge • Single lock up garage • Boutique sized complex with pool, BBQ area and maintained gardens. • Only 23 units in complex • Pet friendly complex FINANCIALS • Council rates $1,300 per half year • Water rates approximately $300 per quarter • Body Corporate approximately $96 per week • Estimated rental return $700-750 per week LOCATION • 1kms Pacific Fair • 2.2kms Pizzy Park • 2.5kms The Oasis • 2.7kms Q Super Centre • 3kms Merrimac State High School Disclaimer: We have in preparing this information 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 herein.

Features

2 bedrooms
2 bathrooms
1 carspace
1 garage space
95 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Mermaid Waters over the last 12 months, the estimated median property value of 11/55 Duet Drive is $832.5k.

Median value
$832.5k
Estimated value range
$662.5k - $1.25m
Median days on market
21
Estimated value trend
9%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Mermaid Waters. 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 11/55 Duet Drive

2025
Sold
$777,000
16 May 2025 by Joel Madam, of Coastal Broadbeach
2021
Sold
$440,000
Private Sale/Treaty on 25 Feb 2021 by Duwayne Mattig, of Coastal Robina

Happy sellers in Mermaid Waters

90%
90% of sellers in Mermaid Waters reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 56 reviews in Mermaid Waters over the last 12 months.

Local market activity for 2 bedroom units in Mermaid Waters

In the last 12 months, 34 two-bedroom units similar to 11/55 Duet Drive, have been sold.

This represents a 23% decrease in two-bedroom units 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 Waters

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Christine Tucker

Sellers who recommend Christine Tucker have praised them for being local expert, clear communication, responsive, honest, supportive, reliable and friendly

  •   4.9   (265 reviews)
  •  22 Reviews in Mermaid Waters
  •  14 Sales in Mermaid Waters
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Gypsea Youngsmith

Gypsea Youngsmith is a recommended agent for Mermaid Waters.  They have 13 local sales and collected 8 local reviews across the last 12 months.

  •   5   (29 reviews)
  •  8 Reviews in Mermaid Waters
  •  13 Sales in Mermaid Waters
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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)
  •  5 Reviews in Mermaid Waters
  •  6 Sales in Mermaid Waters
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Josie Ross

Josie Ross is a recommended agent for Mermaid Waters.  They have 1 local sale and collected 4 local reviews across the last 12 months.

  •   5   (43 reviews)
  •  4 Reviews in Mermaid Waters
  •  1 Sale in Mermaid Waters
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