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38 Gretel Drive, Mermaid Waters, Qld 4218

$5,000,000

House

Type

Bedrooms

Bathrooms

Parkings

1,050 m²

Area

Last updated on Saturday, September 19, 2026 ( See property details for 38 Gretel Drive, Mermaid Waters, Qld 4218)

$4,595,000

Gypsea Youngsmith 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.

A versatile waterfront property on a sprawling 1,050m² block in Mermaid Waters offering stunning views, potential for renovation or development, and prime coastal convenience.

🏡 Property Highlights

Sprawling 1,050m² waterfront allotment with 38.5m northeast-facing water frontage
Prime location just 2km from the beach and within walking distance to Pacific Fair
Potential to renovate, rebuild, or explore development opportunities (STCA)
Existing classic 1990s single-level home with scope for rental income
Panoramic water and city skyline views from the property
Expansive backyard and sun-drenched pool for outdoor living

✨ Key Features

Open-Plan Living
Outdoor Area
Built-in Robes
Ensuite
Waterfront / Views
Outdoor Area / Balcony
Swimming Pool
Garage / Secure Parking
Open-Plan Living
Extra Storage (Shed/Linen)

Suburb and Property Insights of Mermaid Waters, QLD 4218

Mermaid Waters is a highly sought-after suburb known for its tranquil waterways, family-friendly environment, and proximity to stunning beaches. It offers excellent amenities including shopping, dining, parks, and schools, making it ideal for both lifestyle and investment. The area boasts a mix of luxurious waterfront homes and development opportunities, all within easy reach of the Gold Coast's vibrant attractions.

Frequently Asked Questions

What are the options for developing or renovating this property?

The property offers scope for renovation to enhance its value, rebuilding a double storey home to maximise water and skyline views, or exploring development potential (STCA) with existing building plans available for a swift start.

Is the property suitable for rental income while exploring future options?

Yes, the current classic 1990s single-level home can be rented out to generate income while you consider renovation, rebuilding, or development opportunities.

What are the key features of the existing home?

The home features an open-plan kitchen, spacious lounge, four bedrooms including a master with a spa ensuite and water views, three bathrooms, and outdoor entertaining areas with a pool and expansive backyard.

How accessible are local amenities and beaches?

The property is approximately 15 minutes walk to Pacific Fair, 2km from the beach, and close to parks, schools, and vibrant dining precincts at Broadbeach, Nobby Beach, and Mermaid Beach.

What is the zoning and development potential of the land?

The land is zoned Low Density Residential, offering flexibility for renovation, rebuilding, or potential development (STCA).

What to ask about this property to agent?

Are there any hidden costs or upcoming maintenance requirements for the existing home? Have all necessary approvals and permits been obtained for potential redevelopment or renovation plans? Are there any known defects or issues with the current structure or land? Is the property located within a flood or bushfire risk zone? Are there any easements, covenants, or zoning restrictions that could impact development plans? What are the strata or body corporate considerations, if applicable? Are there any nearby construction or planning activities that could affect the property? What are the noise levels and neighbour considerations in this cul-de-sac?

38 Gretel Drive, Mermaid Waters, Qld 4218 - More Details

$5,000,000

This home was sold by Gypsea Youngsmith.

▪️Method of Sale: Private Treaty
▪️Marketing Campaign: Targeted Digital, Social & Print
▪️Inspection Attendees: 47
▪️Enquiries: 165

For strategic advice on your next sales campaign, call Gypsea on 0424 544 485.

Prized Point Position, North-East Facing Waterfront Opportunity with Endless Potential

Bolstered by an exceptional combination of scale, aspect and outlook, this sprawling 1,050m²* waterfront allotment represents strategic acquisition in a prime location. Claiming a coveted point position and encircled by a substantial 38.5m* of north-east facing water frontage, the views are equally impressive. Overlooking a serene, wide waterway, it sweeps across to embrace city skyline vistas, and offers coastal convenience, just 2km from the beach.

Zoned Low Density Residential, the property presents compelling flexibility for now and the future. Retain the existing residence and enjoy immediate rental income while exploring your options, undertake a renovation to enhance value, or capitalise on the scale and position with a brand-new double storey home designed to fully embrace the panoramic water and city views. For those with a visionary approach, there is also scope to investigate development potential (STCA). And with the current owners in possession of building plans, you'll be able to make a swift start.

The current single level home reflects classic 1990s design and offers comfortable, functional living. A central kitchen anchors open plan living and dining zones that transitions to an alfresco entertaining terrace, while a separate lounge provides additional space to relax. Four bedrooms and three bathrooms also feature, including a master suite with a spa ensuite, walk-in robe, terrace access and tranquil views. Outdoors, a covered alfresco entertaining area accompanies a sun-drenched pool and patio plus an expansive backyard that stretches to the water's edge.

Tucked away in a tranquil, tree-lined cul-de-sac, this location is family-friendly, private and convenient. It's only a short stroll to Mermaid Waters Shopping Village to grab your morning coffee or evening takeaway meal, or walk to upscale retail and leisure mecca, Pacific Fair, in approx. 15 minutes. Parks, sporting facilities plus primary and high schools are also nearby, and it's a short drive to sample the vibrant dining precincts at Broadbeach, Nobby Beach and Mermaid Beach.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Type: House
Bedrooms: 4
Bathrooms: 3
Parkings: 2
Area: 1,050 m²
House Size: 335 m²

Map & nearby places — 38 Gretel Drive, Mermaid Waters, Qld 4218

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38 Gretel Drive, Mermaid Waters, Qld 4218

$4,595,000

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