Back 5/116 Petrel Avenue
Off Market

5/116 Petrel Avenue

Mermaid Beach QLD 4218

2
1
1
Unit
Last sold for $1,100,000
Josie RossJosie Ross, last sold this property on 26 April 2026 after 25 days on market.

Overview

North-Facing Renovated Apartment in Lifestyle Location

Case Study: Method of Sale: Private Treaty Days on Market: 12 Open Homes: 3 OFI Attendees: 15 Online Enquiries: 5 Views Online: 1,868 Written Offers: 1 Located mere footsteps from the Golden Sands of Mermaid Beach, this beautiful two-bedroom, one-bathroom renovated apartment captures an abundance of natural light and cool calming sea breezes all year round. Perfectly positioned within a boutique building of only 9 apartments on an 809sqm beachside block, this beach home is within easy walking distance to everything that this lifestyle location has to offer. The functional floor plan is designed with relaxed easy living in mind. Sundrenched open plan living and dining spaces flow seamlessly to the North-East facing balcony, offering the perfect space to relax and unwind. A fully renovated modern kitchen forms the heart of the home with plenty of bench space, breakfast seating, feature timber panelling, new electric appliances, dishwasher and an abundance of storage. A feature timber wall in the dining area and plantation shutters in the living further modernise and add warmth to the space. Two light-filled bedrooms both very generously sized with ceiling fans and built-in robes with custom joinery. Large, combined family bathroom that has been gorgeously renovated with floor to ceiling tiles, walk-in shower, floating vanity, recessed shelving and space for a washer and dryer. Separate toilet for convenience. Single allocated carparking space in secure basement with electric roller door and storage shed. Situated in the Gold Coast's most exclusive beachside pocket, promoting a relaxed carefree lifestyle in a location to love among popular cafes, parklands, restaurants and bars, patrolled surfing beaches, The Oxley, Nobby's Precinct, public transport, local schools, retail shops, sporting facilities, and the soon to be operating light rail stage 3A development all only footsteps from your door. Property Features: • 2-bedroom, 1-bathroom sundrenched beach apartment • Fully renovated throughout, presenting in immaculate condition • 200m flat walk to the sand and surf • Positioned within a boutique building of only 9 apartments on a double beachside block (809sqm) • Sundrenched open plan living and dining spaces • Plantation shutters on floor to ceiling balcony doors • North-East facing private balcony which captures beautiful sea breezes • Modern kitchen with new electric appliances, ample bench space, breakfast seating, timber panelling and an abundance of storage • Two generously sized bedrooms both complete ceiling fans and built-in robes with custom joinery • Renovated bathroom with large walk-in shower, floor to ceiling tiles, floating vanity and separate toilet • Bathroom / laundry combination with space for a washer and dryer • Allocated carparking space in secure basement with electric roller door • Storage shed • Brand new hot water system • Walking distance to world class beaches, restaurants, cafes, bars, public transport, shops and schools Property Specifics: • Council Rates: $1,583.63* per half year • Water Rates: $437.60* per quarter • Rental Appraisal: Estimated rental income of $1,000* per week • Body Corporate: $62* per week (10% discount has been applied to this amount for prompt payment) *Approx. 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
1 bathroom
1 carspace
1 garage space
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Mermaid Beach over the last 12 months, the estimated median property value of 5/116 Petrel Avenue is $900k.

Median value
$900k
Estimated value range
$735k - $1.57m
Median days on market
26
Estimated value trend
9%
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 5/116 Petrel Avenue

2026
Sold
$1,100,000
26 Apr 2026 by Josie Ross, of Coastal Broadbeach
2024
Rented
Undisclosed
Leased on 24 May 2024 by Kollosche
2021
Sold
$600,000
29 Oct 2021 by Deb Leicht, of Crasto Properties

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 units in Mermaid Beach

In the last 12 months, 40 two-bedroom units similar to 5/116 Petrel Avenue, have been sold.

This represents a 38% increase in two-bedroom units sales when compared to the previous 12 months.

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