Cricketer Shane Watson sells Mermaid Beach investment at Gold Coast auction

Cricketer Shane Watson sells Mermaid Beach investment at Gold Coast auction
Jonathan ChancellorJuly 11, 2014

The Mermaid Beach retreat of the former Australian cricket team vice-captain Shane Watson has been sold at $1,175,000.

The four bedroom Malibu on Lavarack duplex villa was bought by an owner occupier.

It was listed through Chez Fraser of Harcourts Coastal who issued more than a handful of contracts during its marketing campaign.

The north-facing 539 square metre property, which attracts weekly rentals between $900 and $950, comes with four-car basement garage. 

The Queensland born Watson, who went to school at Ipswich Grammar bought the four-level villa at 14a Lavarack Rd off the plan for $1.34 million in 2006.

The other side of the duplex fetched $1,475,000 on the 2007 completion of the four bedroom, four bathroom townhouse.

Mermaid Beach's median house price sits at $870,000, according to RP Data.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Editor's Picks

Pembrook Homes to bring contemporary townhomes to Reservoir
First look: Holdmark submits Sydney's latest Transport Oriented Development at Macquarie Park
5% deposit, $0 stamp duty - Buy into Brighton's affluent property market with 111 Carpenter townhomes
Far East Consortium's charity push in Australia’s biggest stair climb challenge
Princeton tops out Marque Rockdale as development team and Latent Defect Insurance drives sales