Back 12/173 Barrier Reef Drive
Off Market

12/173 Barrier Reef Drive

Mermaid Waters QLD 4218

3
2
2
0 m²
142 m²
Townhouse
Last sold for $1,010,000
Chris PoleChris Pole, last sold this property on 27 August 2025 after 42 days on market.

Overview

Lakeside Living with Low-Maintenance Appeal in Boutique Complex

Welcome to the perfect blend of lifestyle and location. Nestled on the tranquil banks of Lake Hugh Muntz, this beautifully presented townhouse offers all the charm of low-maintenance lakeside living, with serene walking trails quite literally at your back doorstep. Part of an exclusive complex of just 16 homes, this residence showcases light-filled modern interiors across two spacious levels, complemented by soaring ceilings and expansive windows that create a warm, airy atmosphere year-round. Enjoy extensive views of the lake from your kitchen and dining room, as well as from your private master balcony — the perfect spot to enjoy morning coffee or unwind at sunset. Inside, the open-plan layout flows seamlessly between indoor and outdoor living. The generous living and dining areas open to a paved alfresco entertaining space and a tidy, low-maintenance yard that connects directly to lakeside walking paths. It's an ideal setting for summer BBQs, weekend gatherings, or a quiet evening outdoors. Key Features: 3 Bedrooms | 2 Bathrooms | 1 Car Garage 142m² of thoughtfully designed living space overlooking the stunning 17-hectare Lake Hugh Muntz Spacious master suite with walk- thru robe to the two-way bathroom, private balcony and split system AC Two bedrooms and a well appointed bathroom upstairs. One bedroom and combined bathroom and laundry downstairs Light and airy open-plan living/dining area with high ceilings and natural flow to the outdoors and a sleek modern kitchen with tranquil lake views. Paved alfresco entertaining area and low-maintenance lawn and gardens Direct gate access to lakeside paths and surrounding parklands Single lock-up garage, plus visitor and street parking Beautiful communal pool within the complex The “Reef Cove” Complex: Boutique setting with just 16 townhouses Low body corporate fees Peaceful lakeside position with lush surrounds Estimated rental return: $1000 per week Unbeatable Location: Q Super Centre and Pacific Fair: 3–4 mins The Star Casino, Broadbeach, Nobby Beach: 5–10 mins Bond University, Pizzey Park, Burleigh Beach: within 10 mins Excellent local schools including St Vincent's Primary, Broadbeach State, and Miami State This is a rare opportunity to secure a peaceful, low-maintenance lifestyle in a tightly held lakeside enclave, without sacrificing proximity to the best of the Gold Coast. Contact us today to arrange a private viewing or to find out open home times.

Features

3 bedrooms
2 bathrooms
2 carspaces
1 carport space
1 open car space
0 m² floor area
142 m² lot size
Townhouse

Estimated Value

Based on this property and similar 3 bedroom townhouses sold in Mermaid Waters over the last 12 months, the estimated median property value of 12/173 Barrier Reef Drive is $1.14m.

Median value
$1.14m
Estimated value range
$935k - $1.43m
Median days on market
25
Estimated value trend
15%
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 12/173 Barrier Reef Drive

2025
Sold
$1,010,000
27 Aug 2025 by Chris Pole, of Realty Blue Burleigh

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 3 bedroom townhouses in Mermaid Waters

In the last 12 months, 15 three-bedroom townhouses similar to 12/173 Barrier Reef Drive, have been sold.

This represents a 30% increase in three-bedroom townhouses sales when compared to the previous 12 months.

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