22/38-46 Petrel Avenue, Mermaid Beach
Listing data updated 10 Aug 2026
1 bed1 bath1 car
- Positioned just 150 metres from the golden sands of Nobby's Beach, this beautifully presented one-bedroom apartment offers the ultimate coastal lifestyle with exceptional flexibility. Whether you're searching for a smart investment, an effortless holiday let, a luxurious weekend escape or a place to call home, this fully furnished residence delivers on every front. Situated on the second floor of the tightly held Beaches on Wave Street, a boutique complex of just 36 apartments on a 2,023m2 coveted corner block, this light-filled residence offers functional low-maintenance living. With vacant possession available, you can start enjoying the property immediately or maximise its income potential from day one. Inside, the spacious open plan living area provides ample room for both relaxing and dining, flowing seamlessly onto a private north-east facing balcony where you can enjoy the morning sunshine and cooling sea breezes. The functional kitchen is well-equipped with quality appliances, generous storage and everything needed for easy everyday living or holiday accommodation. The generously sized bedroom features built-in robes and a ceiling fan, while the full-size bathroom includes a bathtub, concealed laundry facilities and a practical layout designed for comfort and convenience. Split system air conditioning ensures year-round comfort, completing an apartment that's ready to enjoy from the moment you arrive. Residents of Beaches on Wave Street enjoy the peace of a secure building complete with intercom access, secure underground parking and resort-style facilities including a sparkling pool and relaxing spa. The location is simply second to none. Start your mornings with a stroll to the beach, spend your afternoons surfing or swimming at the nearby patrolled beaches, then wander to some of the Gold Coast's most celebrated dining destinations including Lars, Baby Mamasan, Bine and The Oxley. Everything that makes Nobby's Beach one of the Gold Coast's most sought-after coastal villages is right on your doorstep. Better still, leave the car securely parked at home and take advantage of the nearby light rail station, providing effortless access from Burleigh Heads through to Helensvale. Whether you're investing in lifestyle, income or both, this is an exceptional opportunity to secure a premium beachside apartment in one of the Gold Coast's most desirable locations. Key Features • Fully furnished one-bedroom, one-bathroom apartment • Boutique complex of only 36 apartments on a 2,023m² corner site • Positioned on the second floor of a three-storey walk-up in Beaches on Wave • Outstanding investment, holiday let, weekender or permanent residence • Currently operated as a successful holiday let with vacant possession available • Spacious open plan living • Functional kitchen with quality appliances and excellent storage • North-east facing covered balcony • Full-size bathroom complete with bathtub • Concealed laundry facilities • Split system air conditioning • Generous bedroom with built-in robes and ceiling fan • Secure underground parking for one vehicle • Secure complex with intercom entry • Resort-style swimming pool and spa • Approximately 150 metres to the beach, surf clubs and patrolled swimming • Walk to Lars, Baby Mamasan, Bine, The Oxley and Nobby's vibrant café precinct • Easy walk to the Nobby's Beach light rail station connecting Burleigh to Helensvale Property Specifics: • Council Rates: $1,492.99* per half year • Water Rates: $501.99* per quarter • Rental Appraisal: Estimated rental income of $750* per week • Body Corporate: $160* per week (a 20% discount has already 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.
Inspection: Sat, 15 Aug, 12:00pm-12:30pm
RealistIQ deal score
Neutral value signal
13
/100
Review the estimated value range, comparable sales, suburb trends, and market signals for 22/38-46 Petrel Avenue, Mermaid Beach before you inspect or make an offer.
Independent price check
Estimate vs market price guide
Market price guide is close to RealistIQ estimate
Use this as a second opinion and check the comparable sales below.
RealistIQ estimate range: $580,000 - $906,000Wider ranges mean more uncertainty.
RealistIQ estimate$743,000
Market price guide$765,000
$580,000$906,00012-month Property Outlook
What could this property be worth in 12 months if the local trend continues?
See Momentum and Stable modelled scenarios for this property.
Unlock PlusSee the 12-month outlook for this property.
From $29.90/month. Cancel anytime.
Before you inspect, check what similar properties actually sold for.
Unlock Plus to see the full list of comparable sales
Property features
Features detected from the listing details.
Comfort
Air conditioningBathBuilt-in wardrobes
Kitchen & utilities
Internal laundry
Outdoor & building
Swimming poolBalcony / deck
Security & access
Secure parkingIntercom
Inspections
Sat, 15 Aug, 12:00pm-12:30pm
Listing details
- Status
- Offers over $765,000
Agent and agency
larger land
Unlock Plus to see the full list of comparable sales