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PRIVATE PROPERTY REPORT · Updated Saturday 24 October 2026Sat 24 Oct 2026

Aerial view of 86 Sovereign Drive, Mermaid Waters QLD 4218 — 86 Sovereign Drive, Mermaid Waters QLD 4218
A living map — drive times, sold comps & your commute

Roof footprint: 320 m²
Ground above sea level: 3.7 m
Roof height: about 4 m

How these are measured

Side lengths from the Queensland cadastre, a title map rather than a survey plan. Roof footprint and heights from Queensland Government LiDAR (2022). The footprint is the whole roof, garage and patio included, not floor area. Ground level is at the centre of the home, in metres above sea level (AHD).

6 sold nearby · 90 days 40 for sale in Mermaid Waters Drive times

86 Sovereign Drive

Mermaid Waters, QLD

607 m² land4 bed2 bath2 car130 m² floor

WHAT RECORDED SALES SAY

The five closest sales this year

46 Markeri Street
Oct 2026 · 190 m · 5 bed · 1148 m²$2,648,000

30 Kurrawa Avenue
Apr 2026 · 350 m · 3 bed · 1304 m²$4,100,000

27 Cadence Avenue
May 2026 · 360 m · 5 bed · 1064 m²$3,600,000

78 Markeri Street
Apr 2026 · 490 m · 4 bed · 785 m²$2,325,000

23 Sovereign Drive
Mar 2026 · 530 m · 3 bed · 611 m²$1,825,000

Within 530 m, these sales ran from $1,825,000 to $4,100,000. Homes at this level sit outside the band our method is built and tested for, so we don't put a figure on this one.

Of the 46 house sales we’ve recorded in Mermaid Waters in the last two years, 36 were at $1,900,000 or more.

Last recorded sale$527,500 · Jun 2013 · held 13 years

When it last sold, the median Mermaid Waters house had sold for $600,000 over the previous 12 months (161 sales). Over the 12 months to Q3 2026: $2,355,000 (133 sales).