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42 Drayton Terrace, Mermaid Waters, Qld 4218

42 Drayton Terrace, Mermaid Waters, Qld 4218 Sold
42 Drayton Terrace, Mermaid Waters, Qld 4218 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Image 42 Drayton Terrace, Mermaid Waters, Qld 4218-Floorplan
House
Type
4
Bedrooms
2
Bathrooms
2
Parkings
1,005 m²
Area

Last updated on Monday, July 06, 2026 ( See property details for 42 Drayton Terrace, Mermaid Waters, Qld 4218)

$2,355,000

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

A rare waterfront property in Mermaid Waters offering renovation potential, expansive land, and prime lifestyle amenities.

🏡 Property Highlights

  • Rare 38m water frontage on a protected inlet, offering prime waterfront living.
  • Original single-level brick residence with characterful features and renovation potential.
  • Sprawling 1,005m2 block with lush gardens, flat lawns, and a lagoon-style pool for outdoor enjoyment.
  • Excellent investment opportunity with potential for landbanking or subdivision (STCA).
  • Prime location in highly sought-after Mermaid Waters, close to major amenities and beaches.
  • Includes a double garage, pontoon, and vast covered waterfront patio for entertaining.

✨ Key Features

  • Waterfront / Views
  • Outdoor Area
  • Built-in Robes
  • Open-Plan Living
  • Garage / Secure Parking
  • Outdoor Area / Balcony
  • Swimming Pool
  • Secure Parking
  • Waterfront / Views
  • Open-Plan Living

Mermaid Waters is a highly desirable suburb renowned for its family-friendly atmosphere, scenic waterways, and convenient access to major shopping centres, beaches, and schools. Its tranquil environment and proximity to vibrant precincts like Nobby Beach and Broadbeach make it ideal for both lifestyle and investment. The area offers a mix of established homes and development opportunities, appealing to a diverse range of buyers. Excellent connectivity via major roads ensures easy commuting across the Gold Coast.

What are the renovation possibilities for this property?
The charming interior with vaulted ceilings and exposed brick walls provides a solid foundation for a modern renovation to enhance its character and functionality.
Is subdivision or landbanking feasible on this property?
Yes, the property is zoned RD1, offering potential for subdivision or landbanking, subject to council approval.
What outdoor features does the property include?
The property features a lagoon-style pool, a vast waterfront patio, lush hedges for privacy, and tiered flat lawns suitable for children and pets.
How accessible is the property to local amenities?
Located less than 1km from Q Super Centre, 2.5km from Pacific Fair Shopping Centre, and close to beaches, eateries, and schools, the property offers excellent convenience.
What are the water access features of the property?
The property includes a pontoon for easy access to the calm waterway and a 37.5m water frontage along a protected inlet.
Are there any existing planning or zoning restrictions that could affect subdivision or renovation plans? What are the potential costs associated with renovating or upgrading the property? Are there any easements, covenants, or encumbrances on the land? Has the property been tested for flood or bushfire risks? Are there any upcoming developments or construction projects nearby that could impact the property’s value or privacy? What are the strata or body corporate considerations, if applicable? Are there any hidden costs related to water or council rates that should be considered? Is the property compliant with all local building codes and regulations? Are there any restrictions on the use of the waterfront or access to the pontoon? What is the history of the property’s maintenance and any past issues or damages?

42 Drayton Terrace, Mermaid Waters, Qld 4218 - More Details

$2,355,000

Original Wide Water Holding with Upside Potential

This home was sold at Auction by Gypsea Youngsmith.

▪️Method of Sale: Auction
▪️Marketing Campaign: Targeted Digital, Social & Print
▪️Inspection Attendees: 50
▪️Enquiries: 81
▪️Registered Bidders: 7
▪️Days on Market: 23

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

Tucked away in a highly desired pocket of Mermaid Waters, this supersized waterfront property presents a versatile upside opportunity for owner-occupiers and savvy investors alike. Cherished by the same family for nearly four decades, this much-loved home is now offered to the market for the very first time since 1988 as part of a deceased estate - a genuinely rare opportunity to secure a blue-chip waterfront holding that seldom, if ever, becomes available.

Outside you'll discover a lagoon-style pool wrapped in lush hedges that lend privacy, and a tiered rear yard with flat lawns where children and pets can run free. Rounding out the amenities are a double garage and a pontoon for easy access to the calm waterway.

Featuring characterful brick walls, soaring vaulted ceilings and a considerate floor plan, the charming home offers the dream canvas for a modern renovation. The elite holding also presents exceptional value for investors, with the potential for landbanking or sub-division, subject to council approval.

Mermaid Waters has quickly become one of the Gold Coast's most sought-after suburbs, favoured for its family-friendly atmosphere and proximity to key conveniences. Located in a desirable waterfront pocket, this address is less than 1km from Q Super Centre, and just 2.5km from the world-class retail precinct of Pacific Fair Shopping Centre. It also enjoys proximity to the patrolled surf, popular eateries and boutique stores of Nobby Beach, including The Oxley precinct, which are only 3.5km away.

Only slightly further afield at 3.7km away is the bustling heart of Broadbeach, which offers plenty of attractions from day to night. Families will relish being in the catchment for Miami State School and Miami State High School, and within an easy drive of leading private schools. Finally, proximity to major connecting roads like Bermuda Street and Gold Coast Highway ensures an easy commute north or south.

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
2
Parkings
2
Area
1,005 m²
Study
1
House Size
369 m²

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