Back 3/16 Markwell Avenue
Off Market

3/16 Markwell Avenue

Surfers Paradise QLD 4217

Other
Last sold for $790,000

Overview

Perfectly positioned on a quiet street, 650m from the heart of Surfers Paradise, this unique one-bedroom, one-bathroom ground-floor apartment is extremely spacious and offers the ultimate coastal lifestyle, just steps from the beach. Inside, you’ll find 58m2 of open-plan living, a full-size kitchen, and a surprisingly large bedroom that has easily accommodated two adults and two children with a king bed, two bedside tables, and a double bunk. The home is enhanced by its private fenced access, meaning you don’t need to enter through the lobby. It’s the perfect setup for bringing in pets, bikes, surfboards, or sandy feet straight from the ocean. Outdoors, you’ll enjoy a 59m2 wraparound grassed backyard with a timber deck, plus a huge 8m2 outdoor storage room – a feature almost unheard of in ground-floor apartments this close to the surf. Practicality meets convenience with one underground car park plus an additional council-issued street parking permit for one vehicle – a rare benefit provided because the complex has fewer than 30 apartments. The boutique building also offers a sparkling pool, completing the lifestyle package. Having been a much-loved home for a young family, this property offers space, functionality, and that rare beachside charm. The potential here is enormous – move in and enjoy as is, add your own touches with a beautiful renovation, list on Airbnb for holiday rentals, or secure a developer’s dream in the future. With everything at your doorstep, from world-class beaches to vibrant dining and shopping precincts, this is an incredible opportunity for investors or buyers looking to secure a prime piece of real estate in one of the Gold Coast's most sought-after locations. Property Features: - Indoor/Outdoor living and entertainment with a refreshing sea breeze - Open-plan lounge and kitchen - Ground floor, walk-up private access - Walking distance to beach, shops, and restaurants - Secure underground car park - 2x tram stations in walking distance - Supermarket coming to new development at end of street - Swimming pool - Quiet and respectful building of just 9 units - Yard big enough for kids toys, trampoline or pets - Attached, 8m2 lockable storage room with shelving Investment Details: - Body corporate fees: $88 per week - Rental estimate: $620.00 - $700 per week - Council rates: $1,175 biannually - Water rates: $328 quarterly Apartments in this location are in high demand. Don't miss your chance to secure this incredible opportunity.

Features

Other

Estimated Value

Based on this property and similar other properties sold in Surfers Paradise over the last 12 months, the estimated median property value of 3/16 Markwell Avenue is $872.5k.

Median value
$872.5k
Estimated value range
$790k - $4.58m
Median days on market
32
Estimated value trend
59%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Surfers Paradise. 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 3/16 Markwell Avenue

2025
Sold
$790,000
30 Nov 2025
2022
Sold
Undisclosed
17 Mar 2022 by Kim Coleman, of Chevron First National

Happy sellers in Surfers Paradise

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

Surfers Paradise stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 188 reviews in Surfers Paradise over the last 12 months.

Local market activity for other properties in Surfers Paradise

In the last 12 months, 6 other properties similar to 3/16 Markwell Avenue, have been sold.

This represents a 75% decrease in other properties sales when compared to the previous 12 months.

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