38 Gretel Drive
Mermaid Waters, QLD 4218

Overview

38 Gretel Drive Mermaid Waters

This exceptional waterfront property offers a rare combination of scale, aspect, and outlook on a sprawling 1,050 square meter allotment. Situated in a prime point position, it boasts approximately 38.5 meters of north-east facing water frontage, providing stunning views over a serene, wide waterway that extends to city skyline vistas. The location is highly convenient, just 2 kilometers from the beach and close to local amenities.

Zoned Low Density Residential, this property offers significant flexibility for both immediate enjoyment and future development. The existing single-level residence can be retained to generate rental income while exploring renovation or redevelopment options. Alternatively, the site is ideal for constructing a brand-new double-storey home designed to maximize the panoramic water and city views. There is also potential for further development subject to council approval, with building plans already available to facilitate a swift start.

The current home reflects classic 1990s design, offering comfortable and functional living spaces. A central kitchen serves as the heart of the home, anchoring open plan living and dining areas that flow seamlessly to an alfresco entertaining terrace. A separate lounge room provides additional space for relaxation. The residence includes four bedrooms and three bathrooms, featuring a master suite with a spa ensuite, walk-in robe, terrace access, and tranquil views.

Outdoor living is enhanced by a covered alfresco entertaining area, a sun-drenched freeform pool, and a spacious patio. The expansive backyard extends to the water's edge, creating a peaceful and private environment. Additional features include ample storage, a laundry area, and a double garage with driveway parking.

Highlights of the property include:

• Sprawling 1,050 square meter point position block with 38.5 meters of north-east facing water frontage and skyline views
• Prime location approximately 15 minutes walk to Pacific Fair shopping center and 2 kilometers from golden beaches
• Zoned Low Density Residential offering flexibility for renovation, rebuilding, or development (subject to council approval)
• Builder's plans available for immediate commencement
• Classic 1990s single-level home with potential for rental income during planning stages
• Open plan kitchen, living, and dining areas flowing to outdoor entertaining spaces
• Spacious lounge room for additional living space
• Master suite with spa ensuite, walk-in robe, terrace access, and stunning views
• Three additional bedrooms with built-in robes, including one with an ensuite
• Family bathroom with separate toilet
• Covered alfresco entertaining terrace
• Freeform pool surrounded by sunny patio
• Vast open backyard overlooking serene waters
• Ample storage including laundry
• Double garage and driveway parking

Located in a tranquil, tree-lined cul-de-sac, this family-friendly and private setting is close to Mermaid Waters Shopping Village, Pacific Fair retail and leisure precinct, parks, sporting facilities, and schools. It is also a short drive to vibrant dining precincts at Broadbeach, Nobby Beach, and Mermaid Beach.

This property represents a lucrative opportunity to acquire a waterfront allotment with exceptional position, potential, and panoramic views.

Location