42 Drayton Terrace
Mermaid Waters 4218

Original Wide Water Holding with Upside Potential

This home was sold at Auction by Gypsea Youngsmith.

▪️Method of Sale: Auction

▪️Marketing Campaign: Targeted Digital, Social & Print

▪️Inspection Attendees: 50

▪️Enquiries: 81

▪️Registered Bidders: 7

▪️Days on Market: 23

For strategic advice on your next sales campaign, call Gypsea on 0424 544 485.

Tucked away in a highly desired pocket of Mermaid Waters, this supersized waterfront property presents a versatile upside opportunity for owner-occupiers and savvy investors alike. Cherished by the same family for nearly four decades, this much-loved home is now offered to the market for the very first time since 1988 as part of a deceased estate - a genuinely rare opportunity to secure a blue-chip waterfront holding that seldom, if ever, becomes available.

Outside you'll discover a lagoon-style pool wrapped in lush hedges that lend privacy, and a tiered rear yard with flat lawns where children and pets can run free. Rounding out the amenities are a double garage and a pontoon for easy access to the calm waterway.

Featuring characterful brick walls, soaring vaulted ceilings and a considerate floor plan, the charming home offers the dream canvas for a modern renovation. The elite holding also presents exceptional value for investors, with the potential for landbanking or sub-division, subject to council approval.

Mermaid Waters has quickly become one of the Gold Coast's most sought-after suburbs, favoured for its family-friendly atmosphere and proximity to key conveniences. Located in a desirable waterfront pocket, this address is less than 1km from Q Super Centre, and just 2.5km from the world-class retail precinct of Pacific Fair Shopping Centre. It also enjoys proximity to the patrolled surf, popular eateries and boutique stores of Nobby Beach, including The Oxley precinct, which are only 3.5km away.

Only slightly further afield at 3.7km away is the bustling heart of Broadbeach, which offers plenty of attractions from day to night. Families will relish being in the catchment for Miami State School and Miami State High School, and within an easy drive of leading private schools. Finally, proximity to major connecting roads like Bermuda Street and Gold Coast Highway ensures an easy commute north or south.

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.