1/2 Koomooloo Court, Mermaid Waters, QLD, 4218, Australia

Held in the same family for almost four decades and offered to the market for the first time, this substantial 1,026m2 Mermaid Waters landholding with an impressive 57.7 metres of street frontage presents a rare opportunity to secure a blue-chip site with outstanding future potential in one of the Gold Coast's most desirable lifestyle locations.

Offered on one title and currently comprising two existing dwellings, the property provides immediate flexibility for investors or those seeking to landbank, while also presenting a genuine knock-down rebuild opportunity to create a premium single residence in a highly sought-after pocket.

Positioned on a Large 1,026m2 block, in a prime, tightly held Mermaid Waters location within a quiet cul-de-sac, just moments from Broadbeach Waters and only minutes to the coastline, cafés and lifestyle amenities, this address combines space, scale and long-term upside in an area where opportunities of this calibre are increasingly scarce.

The property includes two original, self-contained residences, fully fenced with functional layouts and flexible holding with immediate income potential. One dwelling is currently vacant, while the other is held on a periodic lease, offering holding income while planning future works. Held by the same family for many years, the owners are now offering this exceptional site to the market.

Each residence enjoys private courtyards and off-street parking, allowing buyers to generate income while considering future development or a new build.

Residence One
* Four bedrooms
* One bathroom
* Open-plan living and dining
* Kitchen
* Carport plus additional driveway parking and off-street car parking

Residence Two
* Three bedrooms
* One bathroom
* Separate laundry
* Enclosed private courtyard
* Two driveways
* Carport parking plus additional off-street parking

Both dwellings are functional and rentable in their current form, offering flexibility for investors, landbankers or owner-builders.

The generous land size and substantial street frontage offer scope to explore a future subdivision into two allotments, subject to council approval (STCA).

Exceptional Land & Planning Fundamentals
* Land size: 1,026m2
* Street frontage: Approx. 57.7 metres
* Aspect: North-facing rear yards, south-east facing frontage
* Zoning: Low Density Residential
* Height limit: Up to 9 metres (generally two storeys, subject to council approval)
* Typical outcomes: Single detached dwelling, renovation, extension or rebuild within the planning envelope (STCA)

The zoning supports detached housing outcomes, making this site ideal for a substantial family residence or long-term landhold strategy in a tightly held precinct.

Set in a Prime Mermaid Waters Lifestyle Location.

Perfectly positioned in the heart of Mermaid Waters, just moments from Rio Vista Boulevard, this location is fast becoming one of the Gold Coast's most desirable lifestyle addresses for families, owner-occupiers and long-term investors alike. Known for its leafy streets, proximity to waterways and relaxed coastal feel, Mermaid Waters continues to grow in demand thanks to its central position and enduring appeal.

A review of the surrounding area highlights this site as one of the few remaining landholdings of its size and scale in Mermaid Waters.

Location Highlights
* 2.9km to Pacific Fair
* 1.3km to Q Super Centre
* 2.8km to Mermaid Beach
* 3.5km to future light rail
* 1.3km to Merimac State School
* 4.9km to Miami State High School
* 3.7km to Nobby's Beach precinct
* 2.4km to Metro Shopping Centre
* 2.8km to The Star Casino
* 7.3km to Burleigh Heads

Residents enjoy effortless access to the best of the Gold Coast lifestyle, with beaches, cafés, restaurants, shopping, schools, parks and transport all within easy reach. Future light rail connectivity nearby further enhances long-term growth prospects.

The combination of land size, premium location and favourable zoning creates a compelling opportunity for buyers seeking space, flexibility and long-term upside in a highly desirable coastal setting.

Opportunities to secure large-scale landholdings with existing income and genuine redevelopment potential in this tightly held pocket of Mermaid Waters are increasingly rare.

Whether you are looking to landbank, invest, or design and build a premium residence, this exceptional site offers the flexibility to realise a range of future possibilities while enjoying immediate lifestyle appeal.

Do not miss this rare opportunity to create your dream home, develop luxury villas (STCA), or secure a blue-chip investment, all just moments from the iconic Mermaid Beach lifestyle, world-class dining and shopping precincts.

AUCTION
Grand Summer Auction Event
Friday 30 January from 11:00am
The Langham Hotel, Surfers Paradise

For further information or to arrange a private inspection, please contact
Carlie Mills on 0433 341 896.

Disclaimer: The above information has not been verified. We advise you to confirm the accuracy of details before entering into a contract. Amir Prestige and its employees cannot be held responsible for any inaccurate details supplied here. 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.