5 Drayton Terrace, Mermaid Waters QLD 4218

Waterfront north aspect | 1034sqm with triple garage | Single-level flexible floorplan | Tightly held quiet pocket This property presents a competitively strong offering within the Mermaid Waters waterfront market, primarily due to its combination of a generous, north-facing block and a single-level residence with a flexible floorplan. The 19.2-metre water frontage on a 1034sqm parcel is a rare configuration, offering both privacy and aspect, while the six secure parking spaces and triple garage address a practical premium for larger families or those with multiple vehicles. The internal layout, with multiple living zones and a home office, coupled with outdoor entertaining spaces overlooking the pool and water, positions this house for an owner-occupier seeking a low-maintenance, established family home in a tightly held location. Its proximity to major retail centres and Broadbeach enhances its liveability, serving a buyer prioritizing space, light, and convenience over a newer build. Proceed with the understanding that the lack of recent renovation detail suggests capital expenditure may be required to modernize finishes, a direct cost against the purchase price. The absence of disclosed recent sales prices on Drayton Terrace, while nearby listings show active demand, complicates precise valuation, placing the onus on due diligence to validate the listed price against true market movement. The established, quiet street character is an advantage, but the older building age, inferred from the 2008 last sale, carries inherent maintenance risk. The commercial logic is clear: secure a large, north-facing waterfront block in a high-growth coastal suburb where land is the appreciating component. Acquire for long-term hold as a primary residence; its configuration does not suit a speculative short-term play.