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

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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

" Our experience was really good, everything was explained clearly from the start, Tyler made the process very easy and we would definitely refer Tyler to anyone. His overall enthusiasm shows he definitely loves his job which make the process a lot more enjoyable. "

Lee & Heide Passmore address: 7 Sharscay Close Burleigh Heads agent: Tyler Wagstaffe

" I can recommend Jordan most highly. "

Patricia Robinson address: 49 Monaco Street, Broadbeach Waters price: $3,500,000 agent: Jordan Williams

" We called several local agents, basically all that had "For Sale" signs in our suburb. We had meetings and interviews, we were told that we were in a "difficult market" and that our price expectation was probably too high. Open house inspections were advocated by all agents (we did not want) and auction was suggested by a few (also did not want). Jordan Williams had recently sold a friend's house, she was very enthusiastic that we meet with him. He was located in a distant suburb, a relatively new, one-man agency. He told us that our price was high, but he would get very close, he said he was totally happy with "Inspection By Appointment" and that his job was to sell our house with the least inconvenience and disruption to us. we signed with him after our 60 minute meeting. Well, we were on the market for 3 months, every one of the 12 inspections resulted in an offer and our sale was negotiated to within 5% of our asking. Our satisfaction with Jordan Williams is 100%. Totally recommend this boutique agency! "

Peter & Kathy Pedersen agent: Jordan Williams

" What would you say in recommending JW.Prestige Agents ? | Just Do It! "

Peter Antoine address: 228 Jefferson Lane Palm Beach agent: Jordan Williams

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