GET TO KNOW MERMAID WATERS Boasting waterways with names such as Rumrunner Lake and Lake Wonderland, it is easy to see the appeal of Mermaid Waters, a canal community which sits at the elbow of Mermaid Beach. Primarily a residential suburb, it’s worth a wander here to check out the luxury homes situated along the canals and lakes. There’s a wide range of Asian and European restaurants in this area, which offers easy access to nearby Mermaid Beach. The Mermaid Waters Hotel is a bit of an accommodation icon around these parts which is also home to a range of apartments, resorts and backpackers. In the Gold Coast fairytale, where Surfers Paradise would be cast as Cinderella, if there was to be a Little Mermaid, then Mermaid Waters would most certainly fit the bill.