Gold Coast villa knocks neighbour off top spot to claim suburb’s priciest property title

The sale of 36a Avanti St, Mermaid Waters, has set a residential price record for the suburb.

A CONTEMPORARY villa has set a residential price record for Mermaid Waters.

The brand-new home at 36A Avanti St claimed the title from its twin at No. 36 after selling in a $1.875 million deal.

The previous benchmark sat at $1.845 million when its neighbour sold in an off-market deal in May.

The luxury villa sold for $1.875 million.

The sale trumped the previous record of $1.845 million, which was held by the villa’s twin.

The luxurious five-bedroom record holder fetched just under its $1.895 million listing price and was purchased by locals.

JW Prestige Agents’ Jordan Williams and Kurt Gomez inked the deal last week.

“They were local buyers looking to move from the west side of the highway and get a bit of a sea-change,” Mr Williams said.

“They have a young family and really liked that they could have their boat and jetski out the back on the water but also still only be a six minute walk to the beach.

“They also loved the rooftop terrace and quality of the build.”

Mermaid Waters has been picked as the next hot spot for the Gold Coast.

Mr Williams said there was hot competition for the home with multiple offers made and five buyers vying for the keys. He said Mermaid Waters was “clearly the next hot spot” for the Gold Coast.

“Mermaid Waters is going really well, it’s Broadbeach Waters’ little sister,” he said.

“It’s becoming more and more evident that Broadbeach Waters holds its value and people can see they can potentially get wider water and bigger blocks in Mermaid Waters.”

Mr Williams said buyers were out in force after months of holding back.

They have realised the market won’t crash so were trying to get back in before prices jumped again.

Mermaid Waters’ median house price has increased 10 per cent in the past 12 months and a whopping 43.3 per cent in five years, according to the latest CoreLogic figures. It currently sits at $935,000.

A word from our clients

Testimonials

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" JW. Prestige Agents were extremely professional. "

Ivan & Justina Kanjir address: 33 Verdichio Avenue Mermaid Waters price: $1,600,000 agent: Jordan Williams

" Connor Hewitt provided us with professional, diligent and outstanding service "

Susan & Richard agent: Connor Hewitt

" When selling our beachfront apartment at Albatross Avenue, Mermaid Beach we were recommended to engage the services of Jordan from JW. Prestige Agents. At our first meeting there was a sense of professionalism and integrity that remained throughout the entire selling programme. From their accuracy of value estimates, their well directed marketing suggestions and method of sale, efficiency in all dealings, to the conclusion of the sale Jordan stood apart from the stereotype agent. "

Garry Capell address: 18/125 Albatross Avenue, Mermaid Beach price: $1,300,000 agent: Jordan Williams
Mitchell Herlihy address: 1105/18 Fern Avenue Surfers Paradise agent:

"  Tyler was at all times professional, available and nothing but 100% transparent in all of our dealings. "

Kristine Tully & Alistair Luckas address: 14/277 Golden Four Drive, Bilinga agent: Tyler Wagstaffe

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