Which Mermaid Waters Sales Best Explain the Value Gap?

Mermaid Waters owners considering selling can see from recent transactions why attached property and larger detached homes should not be grouped together under one average value. The differences in land, scale and property configuration are substantial.

The six-bedroom house at 25 Peninsula Court, positioned on approximately 1,136m², sold for $2.24 million on 11 September 2026. At a much higher level, the four-bedroom house at 38 Gretel Drive on approximately 1,050m² sold for $5 million on 27 August.

Attached property provided a different comparison. The three-bedroom townhouse at 70/215 Cottesloe Drive sold for $1.165 million on 11 September. The two-bedroom apartment at 2102/2 The Lanes Boulevard sold for $1.3 million on 12 September.

For an owner, these results show why simply knowing a recent Mermaid Waters sale price is not enough. Detached houses need assessment of land, dwelling quality, accommodation, outdoor areas and position. Townhouses and apartments require closer attention to size, parking, complex characteristics and body corporate arrangements.

A property appraisal should identify the closest genuine alternatives a buyer would consider before deciding where the property should sit in the market.

Frequently Asked Questions

Are Mermaid Waters townhouses valued like houses?

Generally they should have their own comparable set.

What did the recent townhouse sell for?

70/215 Cottesloe Drive sold for $1.165 million.

Can an apartment sell above a townhouse?

Yes. Recent results demonstrate that property quality and configuration matter.

Should the $5 million sale value every house?

No. Exceptional sales should only be used when genuinely comparable.

For tailored advice on selling in Mermaid Waters, contact:

Steven Norton – 0488 496 777
Lawrence Norton – 0415 279 807
nortons.re@gmail.com
www.nortonsrealestate.com

Disclaimer:
This article is general information only and does not constitute legal, financial, taxation, planning, valuation, or property advice. Any commentary about likely buyer behaviour, campaign strategy, pricing, negotiation, or sale outcomes is general in nature and may not apply to your property or circumstances. You should obtain independent professional advice and a tailored appraisal before making any property decision.