23 Peter Parade, Mermaid Waters — Off-Market Report

The 10 sales behind that range — and every adjustment

A sale down the road is not evidence until it is adjusted for how it differs from this home. Here is each sale we used, what we changed, and by how much.

20 Bowline Road

Sold 7 April 2026 · 0.66 km away

Sold for

$1,850,000

Adjusted to this home

$1,880,770

What we added and subtracted to make this sale comparable to 23 Peter Parade
Land size	this home 770 m² · comparable 600 m²	+$65,688
Floor area	this home 127 m² · comparable 141 m²	−$28,000
Car spaces	this home 1 · comparable 2	−$24,471
Distance to beach	this home 1.87 km · comparable 2.5 km	+$23,865
Year built	this home 1987 · comparable 1990	−$7,200
Micro-location	this home 0.1067 · comparable 0.1061	+$888
Net adjustment		+$30,770

A further 10 factors were compared and found the same on both properties, so no money moved.

3 Fairsky Avenue

Sold 27 April 2026 · 1.01 km away

Sold for

$1,805,000

Adjusted to this home

$1,846,443

What we added and subtracted to make this sale comparable to 23 Peter Parade
Land size	this home 770 m² · comparable 622 m²	+$57,187
Distance to beach	this home 1.87 km · comparable 2.85 km	+$34,656
Floor area	this home 127 m² · comparable 141 m²	−$28,000
Car spaces	this home 1 · comparable 2	−$24,471
Year built	this home 1987 · comparable 1980	+$16,800
Micro-location	this home 0.1067 · comparable 0.1169	−$14,729
Net adjustment		+$41,443

A further 10 factors were compared and found the same on both properties, so no money moved.

37 Arcadia Drive

Sold 3 March 2026 · 1.16 km away

Sold for

$1,840,000

Adjusted to this home

$1,891,209

What we added and subtracted to make this sale comparable to 23 Peter Parade
Distance to beach	this home 1.87 km · comparable 3.02 km	+$40,958
Land size	this home 770 m² · comparable 665 m²	+$40,572
Floor area	this home 127 m² · comparable 145 m²	−$36,000
Car spaces	this home 1 · comparable 2	−$24,471
Micro-location	this home 0.1067 · comparable 0.096	+$15,750
Year built	this home 1987 · comparable 1981	+$14,400
Net adjustment		+$51,209

A further 10 factors were compared and found the same on both properties, so no money moved.

3 Helm Court

Sold 21 September 2026 · 0.13 km away

Sold for

$2,175,000

Adjusted to this home

$2,120,194

What we added and subtracted to make this sale comparable to 23 Peter Parade
Micro-location	this home 0.1067 · comparable 0.132	−$44,022
Land size	this home 770 m² · comparable 665 m²	+$40,572
Floor area	this home 127 m² · comparable 140 m²	−$26,000
Car spaces	this home 1 · comparable 2	−$24,471
Year built	this home 1987 · comparable 1989	−$4,800
Distance to beach	this home 1.87 km · comparable 1.93 km	+$3,915
Net adjustment		−$54,806

A further 10 factors were compared and found the same on both properties, so no money moved.

6 Constance Avenue

Sold 26 November 2025 · 0.48 km away

Sold for

$1,925,000

Adjusted to this home

$1,946,044

What we added and subtracted to make this sale comparable to 23 Peter Parade
Land size	this home 770 m² · comparable 589 m²	+$69,938
Car spaces	this home 1 · comparable 2	−$24,471
Micro-location	this home 0.1067 · comparable 0.1182	−$17,710
Cladding	this home 2 · comparable 3	−$16,000
Floor area	this home 127 m² · comparable 125 m²	+$4,000
Distance to beach	this home 1.87 km · comparable 1.92 km	+$2,887
Year built	this home 1987 · comparable 1986	+$2,400
Net adjustment		+$21,044

A further 9 factors were compared and found the same on both properties, so no money moved.

90 Rumrunner Street

Sold 15 May 2026 · 1.35 km away

Sold for

$1,970,000

Adjusted to this home

$1,856,868

What we added and subtracted to make this sale comparable to 23 Peter Parade
Floor area	this home 127 m² · comparable 203 m²	−$152,000
Bedrooms	this home 3 · comparable 4	−$68,000
Land size	this home 770 m² · comparable 633 m²	+$52,937
Distance to beach	this home 1.87 km · comparable 3.22 km	+$50,944
Micro-location	this home 0.1067 · comparable 0.0908	+$25,058
Car spaces	this home 1 · comparable 2	−$24,471
Year built	this home 1987 · comparable 1986	+$2,400
Net adjustment		−$113,132

A further 9 factors were compared and found the same on both properties, so no money moved.

17 Oriana Drive

Sold 5 December 2025 · 1.43 km away

Sold for

$1,725,000

Adjusted to this home

$1,697,678

What we added and subtracted to make this sale comparable to 23 Peter Parade
Floor area	this home 127 m² · comparable 180 m²	−$106,000
Bedrooms	this home 3 · comparable 4	−$68,000
Bathrooms	this home 2 · comparable 1	+$48,000
Distance to beach	this home 1.87 km · comparable 3.26 km	+$45,850
Land size	this home 770 m² · comparable 691 m²	+$30,526
Micro-location	this home 0.1067 · comparable 0.0888	+$24,702
Year built	this home 1987 · comparable 1988	−$2,400
Net adjustment		−$27,322

A further 9 factors were compared and found the same on both properties, so no money moved.

23 Sovereign Drive

Sold 25 March 2026 · 0.72 km away

Sold for

$1,825,000

Adjusted to this home

$1,770,328

What we added and subtracted to make this sale comparable to 23 Peter Parade
Land size	this home 770 m² · comparable 611 m²	+$61,438
Micro-location	this home 0.1067 · comparable 0.1421	−$51,684
Year built	this home 1987 · comparable 2002	−$36,000
Car spaces	this home 1 · comparable 2	−$24,471
Floor area	this home 127 m² · comparable 135 m²	−$16,000
Distance to beach	this home 1.87 km · comparable 2.15 km	+$12,045
Net adjustment		−$54,672

A further 10 factors were compared and found the same on both properties, so no money moved.

8 Muresk Court

Sold 19 August 2026 · 1.25 km away

Sold for

$1,600,000

Adjusted to this home

$1,623,645

What we added and subtracted to make this sale comparable to 23 Peter Parade
Micro-location	this home 0.1067 · comparable -0.0332	+$179,072
Car spaces	this home 1 · comparable 4	−$73,414
Floor area	this home 127 m² · comparable 160 m²	−$66,000
Land size	this home 770 m² · comparable 882 m²	−$43,277
Distance to beach	this home 1.87 km · comparable 2.73 km	+$27,264
Net adjustment		+$23,645

A further 11 factors were compared and found the same on both properties, so no money moved.

23 Weatherly Avenue

Sold 28 October 2025 · 1.05 km away

Sold for

$2,500,000

Adjusted to this home

$2,128,775

What we added and subtracted to make this sale comparable to 23 Peter Parade
Floor area	this home 127 m² · comparable 212 m²	−$170,000
Micro-location	this home 0.1067 · comparable 0.15	−$86,600
Car spaces	this home 1 · comparable 4	−$73,414
Bedrooms	this home 3 · comparable 4	−$68,000
Distance to beach	this home 1.87 km · comparable 2.77 km	+$44,400
Land size	this home 770 m² · comparable 828 m²	−$22,411
Year built	this home 1987 · comparable 1985	+$4,800
Net adjustment		−$371,225

A further 9 factors were compared and found the same on both properties, so no money moved.

We are not claiming to be more accurate than anyone else. We are showing you the sales, the adjustments and the band they produce, so you can judge the number yourself.

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 23 Peter Parade sit?

Gold Coast homes listed for 60 to 180 days rose from 1,288 in March to 2,618 in August (SQM Research). A rising count of homes sitting unsold has historically been associated with downward pressure on asking prices.

But property markets do not move as one—and neither do individual homes.

We traced the estimated value of 23 Peter Parade over the past 18 months, compared it with Mermaid Waters’s wider market, and examined the indicators most likely to reveal what happens next.

23 Peter Parade

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The 10 sales behind that range — and every adjustment

20 Bowline Road

3 Fairsky Avenue

37 Arcadia Drive

3 Helm Court

6 Constance Avenue

90 Rumrunner Street

17 Oriana Drive

23 Sovereign Drive

8 Muresk Court

23 Weatherly Avenue

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 23 Peter Parade sit?

Your home

See your home the way a buyer does

14 Lakeview Boulevard

13 Mayra Court

20 Sundowner Court

7 Splice Street

9 Volante Crescent

8A Rumrunner Street

4 Yalgoo Court

76 Gretel Drive

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