5/38 Petrel Avenue, Mermaid Beach
Listing data updated 27 July 2026
1 bed1 bath1 car
- Positioned just 150 metres from the sand in one of the Gold Coast's most tightly held beachside suburbs, this is an opportunity that savvy buyers simply can't afford to miss. Whether you're searching for your first home, a coastal weekender or a high-performing investment, this affordable fully furnished ground floor apartment places you right in the heart of the vibrant Nobbys Beach lifestyle. Set within the popular 'Beaches on Wave' complex, comprising just 36 apartments on a generous 2,023m² parcel of blue-chip land, this residence offers an exceptional combination of lifestyle, convenience and future growth. With patrolled beaches at one end of the street and endless cafés, restaurants and entertainment at the other, this is coastal living at its absolute best. Inside, the functional open plan layout has been designed for easy living. The tiled living and dining area flows effortlessly onto an east-facing covered balcony, creating the perfect place to enjoy your morning coffee after a swim. At the rear, the spacious bedroom opens onto its own private tiled terrace, capturing the warm afternoon sunshine and providing a peaceful retreat. Move straight in and enjoy everything this incredible location has to offer, or continue operating as a successful holiday rental as the unit comes fully furnished. Offered with vacant possession available, the flexibility is yours-live in, lease out or simply lock up and leave whenever the beach calls. Lifestyle is what truly sets this property apart. Leave the car securely parked in the basement and walk everywhere. Start your mornings on the beach, enjoy brunch at The Oxley, meet friends for dinner at Baby Mamasan or Lars Bar & Grill, and finish the day watching the sunset over one of the Gold Coast's most sought-after coastal communities. Connectivity has never been better, with the new light rail station only a three-minute walk away. Travel effortlessly south to Burleigh Heads or north through Broadbeach, Surfers Paradise and Helensvale, where you can connect directly to Brisbane via the heavy rail network. This outstanding transport link only adds to the long-term appeal of this blue-chip address. Affordable opportunities this close to the beach are becoming increasingly rare. Combining an unbeatable location, strong investment credentials and an enviable coastal lifestyle, this is the type of property buyers wait for-and one that won't stay available for long. Property Features • Affordable 1 bedroom, 1 bathroom apartment in the heart of Nobbys Beach • Fully furnished • Convenient ground floor position • Boutique complex of just 36 apartments • Positioned on a substantial 2,023m² parcel of prime beachside land • Open plan living and dining area • East-facing covered front balcony • Private rear tiled terrace capturing the afternoon sun • Spacious bedroom with terrace access • Air conditioning to the living area • Ceiling fan in the bedroom • Bathroom with full-sized bath and built-in laundry space • Secure basement car accommodation • Resort-style swimming pool • Beautifully landscaped gardens • Excellent onsite management • Currently operating as a successful holiday let • Vacant possession available if required • Just 150 metres to the golden sands of Nobbys Beach • Only a short stroll to the new light rail station, The Oxley, Baby Mamasan, Lars Bar & Grill and the renowned Nobbys Beach dining precinct. Property Specifics: • Council Rates: $1,105.79* per half year • Water Rates: $383.50* per quarter • Rental Appraisal: Estimated rental income of $750 - $800* 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: Fri, 31 July, 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 5/38 Petrel Avenue, Mermaid Beach before you inspect or make an offer.
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Estimate vs market price guide
Market price guide is $64,000 above RealistIQ estimate
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RealistIQ estimate range: $534,000 - $837,000Wider ranges mean more uncertainty.
RealistIQ estimate$685,000
Market price guide$749,000
$534,000$837,00012-month Property Outlook
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Property features
Features detected from the listing details.
Comfort
Air conditioningBath
Kitchen & utilities
Internal laundry
Outdoor & building
Swimming poolGarden / courtyardBalcony / deckGround floor
Inspections
Fri, 31 July, 12:00pm-12:30pm
Sat, 1 Aug, 9:30am-10:00am
Listing details
- Status
- Offers Over $749,000
Agent and agency
larger land
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