38 Gretel Drive
Mermaid Waters 4218

Bolstered by an exceptional combination of scale, aspect and outlook, this sprawling 1,050m²* waterfront allotment represents strategic acquisition in a prime location. Claiming a coveted point position and encircled by a substantial 38.5m* of north-east facing water frontage, the views are equally impressive. Overlooking a serene, wide waterway, it sweeps across to embrace city skyline vistas, and offers coastal convenience, just 2km from the beach.

Zoned Low Density Residential, the property presents compelling flexibility for now and the future. Retain the existing residence and enjoy immediate rental income while exploring your options, undertake a renovation to enhance value, or capitalise on the scale and position with a brand-new double storey home designed to fully embrace the panoramic water and city views. For those with a visionary approach, there is also scope to investigate development potential (STCA). And with the current owners in possession of building plans, you'll be able to make a swift start.

The current single level home reflects classic 1990s design and offers comfortable, functional living. A central kitchen anchors open plan living and dining zones that transitions to an alfresco entertaining terrace, while a separate lounge provides additional space to relax. Four bedrooms and three bathrooms also feature, including a master suite with a spa ensuite, walk-in robe, terrace access and tranquil views. Outdoors, a covered alfresco entertaining area accompanies a sun-drenched pool and patio plus an expansive backyard that stretches to the water's edge.

The Highlights:

- Exceptional landholding – sprawling 1050m2* point position block, with 38.5m* of northeast facing water frontage and skyline views

- Prime location, approx. 15 min walk to Pacific Fair and approx. 2km from golden beaches

- Zoned Low Density Residential

- Enticing potential to renovate and add value, knock down and rebuild a double storey home that further capitalises on the water and skyline vistas, or explore development opportunities (STCA)

- Builder's plans are available for you to make a swift start

- Classic 1990s single level home onsite, with scope to rent out and earn income while investigating your options

- Kitchen anchors an open plan living and dining zone that flows outdoors

- Spacious lounge room

- Master suite features a spa ensuite, walk-in robe, alfresco terrace access and stunning views

- Three additional bedrooms with built-in robes; one with an ensuite

- Family bathroom with separate toilet

- Alfresco entertaining terrace

- Freeform pool surrounded by a sunny patio

- Vast open backyard area, overlooking the serene waters

- Ample storage, including the laundry

- Double garage and driveway parking

Tucked away in a tranquil, tree-lined cul-de-sac, this location is family-friendly, private and convenient. It's only a short stroll to Mermaid Waters Shopping Village to grab your morning coffee or evening takeaway meal, or walk to upscale retail and leisure mecca, Pacific Fair, in approx. 15 minutes. Parks, sporting facilities plus primary and high schools are also nearby, and it's a short drive to sample the vibrant dining precincts at Broadbeach, Nobby Beach and Mermaid Beach.

Ready to capitalise on a lucrative allotment that excels in position, potential and panoramic views? Start the conversation, contact Gypsea Youngsmith on 0424 544 485 for more information today.

Disclaimer: This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.