Blue-Chip Beachside Opportunity: DA Approval, Lucrative Potential

For Sale

29 Seaside Ave, Mermaid Beach, QLD, 4218

Blue-Chip Beachside Opportunity: DA Approval, Lucrative Potential

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

Last updated on Friday, March 27, 2026 ( See property details for 29 Seaside Ave, Mermaid Beach, QLD, 4218)

Eoghan Murphy - Real Estate Agent - Kollosche - Broadbeach

Eoghan Murphy Licensed Real Estate Agent

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

Prime beachside property in Mermaid Beach offering existing income, approved development plans for luxury apartments, and exceptional future potential in a highly sought-after coastal location.

🏡 Property Highlights

Blue-chip beachside opportunity with lucrative potential
DA approval secured for three luxury 3-bedroom apartments including a penthouse with rooftop pool
Oversized 455m² block with 14.9m street frontage in a prime location
Immediate income from existing three solid brick apartments generating $2,050 per week
Short stroll to the beach, cafes, restaurants, and public transport including future G-Link light rail
Potential to knock down and rebuild a bespoke beachside home in a sought-after coastal setting

✨ Key Features

Open-Plan Living
Balcony
Outdoor Area
Built-in Robes
Garage
Waterfront / Views
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)

Suburb and Property Insights of Mermaid Beach, QLD 4218

Mermaid Beach is a highly desirable coastal suburb renowned for its pristine beaches, vibrant dining scene, and excellent transport links. Key points include: proximity to the beach within 250m, a thriving local food and entertainment precinct, easy access to public transport including future light rail, close to major shopping centres like Pacific Fair, and a strong community atmosphere perfect for lifestyle and investment.

Frequently Asked Questions

What is the current rental income from the existing apartments?

The ground floor renovated 3-bedroom apartment returns $850 per week, while the two 2-bedroom units each yield $600 per week.

What are the future development plans for this property?

The approved plans include three luxury 3-bedroom apartments, a double-storey penthouse with rooftop pool and entertaining terrace, basement parking, and an additional pool.

Is there scope to rebuild or modify the existing property?

Yes, there is potential to knock down the current buildings and construct a bespoke beachside home or further develop the site as per zoning regulations.

What amenities are nearby?

The property is within walking distance to cafes, restaurants, shops, public transport, and is close to popular destinations like Pacific Fair, Star Casino, and Broadbeach.

Are there any restrictions or zoning considerations?

The property is zoned Medium Density Residential, allowing for development of multiple dwellings as per approved plans.

What to ask about this property to agent?

Are there any additional costs or fees associated with the approved development plans? Have all necessary permits and approvals been obtained and are they transferable? Are there any easements, covenants, or zoning restrictions that could impact future development? What is the condition of the existing buildings and are there any structural issues? Is there any history of flooding or bushfire risk in this area? Are there any upcoming planning or construction projects nearby that could affect the property? What are the strata or body corporate arrangements, if applicable? Are there any hidden costs for council or utility connections? Is the property compliant with all local building codes and regulations? What are the potential risks related to noise, neighbours, or local environment?

29 Seaside Ave, Mermaid Beach, QLD, 4218 - More Details

Blue-Chip Beachside Opportunity: DA Approval, Lucrative Potential

Type: Block Of Units
Bedrooms: 7
Bathrooms: 4
Parkings: 2

29 Seaside Ave, Mermaid Beach, QLD, 4218 - Point Of Interest

Locate Near By Places of 29 Seaside Ave, Mermaid Beach, QLD, 4218 On Map

Your Commute at a Glance: 29 Seaside Ave, Mermaid Beach, QLD, 4218

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Eoghan Murphy

29 Seaside Ave, Mermaid Beach, QLD, 4218

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