Mermaid Beach pad makes almost $400K for vendor

first_img35 Montana Rd, Mermaid Beach.“They basically painted the walls, put a few new lights in and polished the concrete floors,” Mr Sharples said.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North4 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago“We had the property styled as well and I think that made a big difference.”Neither the kitchen or bathrooms were renovated. 35 Montana Rd, Mermaid Beach recently sold for $1.375 million.A MERMAID BEACH vendor has made a $380K profit in three years with only basic cosmetic renovations.Harcourts Coastal agent Andre Sharples first sold 35 Montana Rd in 2014 for $995,000.Last week he sold it under the hammer for $1.375 million. 35 Montana Rd, Mermaid Beach.He said the huge profit also came down to changes in Mermaid Beach over the past three years.“When they bought into Montana, Bam Bam Bakehouse wasn’t there.“It’s a great location — you can walk to the surf club, Pacific Fair is close and the tram station is also nearby.”center_img 35 Montana Rd, Mermaid Beach.The property offers dual living options as well as a terrace, two separate lockup garages and tidy kitchens.Mr Sharples said a Gold Coast investor bought the property with a long-term view to move to the beachside house.The property has already been listed on the rental market at $650 for the upper level (2/35 Montana Rd) and $560 for the ground level (1/35 Montana Rd).last_img read more