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Back 2/111 Markeri Street
Off Market

2/111 Markeri Street

Mermaid Waters QLD 4218

2
1
1
77 m²
Unit
Last sold for $818,000
Duwayne MattigDuwayne Mattig, last sold this property on 01 June 2025 after 3 days on market.

Overview

Ground Floor - Effortless Waterside Living or Smart Investment

Whether you're entering the market, downsizing, or adding to your investment portfolio, this ground-floor, waterfront apartment in the sought-after "The Sanctuary" complex offers a rare mix of comfort, convenience, and lifestyle. Positioned just minutes from Mermaid Beach and Pacific Fair, this is your opportunity to secure a low-maintenance property in a tightly held waterside community. Enjoy peaceful lakefront living with the added benefit of resort-style amenities-two sparkling pools, a jetty, BBQ areas, and a private boat ramp for weekends on the water. With Lake Intrepid as your backdrop, it's a setting that feels like a holiday, every day. The apartment itself is practical, spacious, and filled with natural light. North-facing and designed for relaxed living, it features open-plan interiors, two generous bedrooms with built-ins, and a private balcony off the main bedroom. Whether you're living in or leasing out, the layout is ideal for a variety of needs. Low outgoings and strong rental potential make this an easy choice for the savvy investor, while ground-floor access and a tranquil setting will appeal to downsizers or first-time buyers looking for quality and lifestyle in one. Property Highlights: • Ground floor North facing • 2 spacious bedrooms with built-ins, master opens to patio • Air-conditioning in living area • Renovated kitchen with modern appliances plus plenty of storage • Renovated bathroom • Ground-floor convenience - no stairs • Covered carport and visitor parking • Secure storage room included • Resort-style complex with two pools, BBQs, boat ramp, and jetty • Low body corporate approx. $77 per week • Council Rates: Approx. $1,100 per half-year • Water Rates: Approx. $350 per quarter • Estimated Rental income approx. $750 - $800 per week With every convenience at your doorstep and the calm of lakeside living, this apartment offers incredible value in a high-demand location. Whether you're investing, downsizing, or stepping into your first home, this is a smart move.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
77 m² floor area
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 2/111 Markeri Street 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 2/111 Markeri Street

2025
Sold
$818,000
01 Jun 2025 by Duwayne Mattig, of Coastal Robina
2022
Sold
$585,000
Private Sale/Treaty on 01 Nov 2022 by Lea Pettett, of Harcourts Property Hub

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 55 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 2/111 Markeri Street, 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
  •  15 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)
  •  4 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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