1/127 Sunshine Boulevard, Mermaid Waters QLD 4218

1/127 Sunshine Boulevard, Mermaid Waters QLD 4218
Detached 1975 single-level home | 612m2 with four-car parking | Family-focused Mermaid Waters pocket | In-ground pool and outdoor entertaining | Flood overlay applies A solid footprint is provided on a 612 square metre block by single-level 1975 construction. Four-car parking and an in-ground pool are considered standout practical features, with an outdoor entertaining area and open-plan living. The layout is suited to families wanting a spacious yet low-maintenance house. Positioned at the detached-house end of a mixed street, this property offers space, privacy, and close proximity to Broadbeach State School and Merrimac State High School. It is best suited to family owner-occupiers or buyers ready to invest in cosmetic updates to align presentation with recent local standards. The flood overlay is considered a genuine constraint that may affect insurance and development expectations. Budgeting may be required for kitchen and bathroom updates if these have not been recently refreshed. Flexibility is provided by land size and four-car parking, but flood planning compliance would apply to any extension or rebuild. These factors may be weighed when a view on price is formed.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1/127 Sunshine Boulevard, Mermaid Waters QLD 4218
Checks found:
Value Risk ✕ 2
Liquidity Risk ✕ 2
Planning Risk ✕ 2
Income Risk ✓
Execution Risk ✓
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Market Insight

Mermaid Waters holds a premium Gold Coast position, with a $2.1 million median house price up 13.8% annually. Professionals buying renovated family homes near waterways drive demand, with supply lagging; houses trade in 35 days and 168 sales occurred over the year, often above asking. Units at $929,987 with 3.2% growth attract interstate buyers. Rental demand is firm, with 116 active listings and rising rents. Light Rail Stage 3 completion in mid-2026 supports connectivity, though affordability constraints shift demand toward units and limit detached upside.
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PropCred Estimated Value

Comparable Sales: 162 Sunshine Boulevard sold for $2,526,000 | Property Price Band: $2.0M-$2.1M | Value Drivers: condition, land size, four-car parking and pool

Bedrooms

2

Bathroom

1

Parking

2

Land

1120m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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