5/2589 Gold Coast Highway, Mermaid Beach QLD 4218

2-bedroom unit in Mermaid Beach | 253sqm land parcel | sold September 2025 | no flood or bushfire overlay This unit offers a rare combination of a 253sqm land holding in a tightly held coastal suburb, which is competitively unusual for a two-bedroom apartment. The sale in September 2025 confirms recent market clearance, and the absence of flood or bushfire overlay reduces insurance and holding risk. The property suits an owner-occupier seeking a foothold in Mermaid Beach or an investor targeting stable rental demand from the mid-$600s per week. The Broadbeach State School catchment adds family buyer appeal. The main risk is the single bathroom, which limits appeal to couples or small households and may cap long-term capital growth relative to two-bathroom units. The car space inconsistency between one and two spaces requires physical verification, as a single garage could reduce tenant and resale interest. The opportunity lies in the land component, which offers future redevelopment optionality in a high-demand corridor. Hold this property for land value appreciation and steady rental income, not for short-term flipping.