SOLD
Sold on 22 Dec 2023 for $1,100,000

50/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 110m2
Land area: 1875m2
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Property Details for 50/251 Varsity Pde, Varsity Lakes

50/251 Varsity Pde, Varsity Lakes is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2004. The property has a land size of 1875m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 4 bedroom Unit sold in Varsity Lakes in the last 12 months.

Building Type
Unit
Year Built
2004
Floor Size
110m2
Land Size
1875m2
Local Government
Gold Coast City
Lot/Plan
50/SP151074

Last Listing description (October 2024)

Grand Waterfront Two Story Penthouse within The Reserve!

*** Video Walk Through on Facebook - Varsity Lakes Property Group ***

Positioned in a prime waterfront location, this home at 50/251 Varsity Parade, Varsity Lakes, proudly presented by Mitch Harrop, provides a serene living experience. Nestled within The Reserve, an impressive resort-style complex, the property boasts proximity to shops, schools, and the picturesque Lake Orr boardwalks, all just steps away.

Enjoy the lift access up to your new home and upon entering, the soaring ceilings welcome you with an abundance of natural light, creating a warm and inviting ambience. Meticulous attention to detail has been applied to ensure a seamlessly functional living space that harmoniously caters to your every need.

Step onto the expansive balcony to reveal breathtaking panoramic views of Lake Orr, The Hinterland and Burleigh Heads skyline. This outdoor sanctuary serves as a tranquil haven, allowing you to unwind, relax, and bask in the natural beauty that surrounds you.

Boasting Home Features Include:

Luxurious waterfront living unfolds in this elevated dual-level penthouse apartment
Enjoy the lift access up to the home
Entertain effortlessly in multiple areas designed for year-round enjoyment
Kitchen boasts stone bench tops and perfectly positioned for entertaining on the covered alfresco
Soaring high ceilings amplify the natural light throughout this apartment
Seamless transitions between indoor and outdoor spaces create a tranquil retreat
Oversized covered entertaining area with stunning views of Lake Orr, The Hinterland and Burleigh Heads skyline
King sized master suite comes complete with a walk-through robe, ensuite and captivating water views
Two additional tastefully designed bedrooms upstairs offer built in robes and share the connecting main bathroom
A versatile fourth bedroom or home office downstairs adds functionality
Convenience with a well-placed powder room and laundry downstairs
Recently refreshed with brand new paint and carpets throughout the home
Enjoy climate control with ducted air conditioning, split systems, and ceiling fans
Your home is secure with two side-by-side parking spaces and a generously sized storage cage

Council Rates: Approx. $915 bi-annually
Water Rates: Approx. $390 per quarter
Body Corporate: Approx. $200 per week

Boasting 'The Reserve' Complex Features Include:

47-meter lagoon pool with sandy beach and plunge pool
Private waterfront pavilion and lakeside walking paths
Heated spa and fully equipped gymnasium
Library, steam room and games room
Communal kitchenette, barbecue facilities
Gated security, double garage and visitor parking
Onsite management and office

Boasting Location Features Include:

Gorgeous lakeside board walks right at your front door
Walking distance to Varsity College and Bond University
Short stroll to the boutique Varsity Lakes CBD
Stone's throw to restaurants, caf?s, chemist and post office
Close by is Kings, All Saints, Hillcrest and Gold Coast Christian College
Short drive to Burleigh Heads and the world renowned Gold Coast beaches

Contact your local agent Mitch Harrop for more information today!

Price Disclaimer: This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes only.

Disclaimer:
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
* denotes approximate measurements.

Property History for 50/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$1,100,000
22 Dec 2023
Listed for Rent
$650/w
19 Dec 2013
  • 22 Dec 2023
    Sold for $1,100,000
  • 21 Dec 2023
    Listed for Sale Under Contract
  • 28 Oct 2013
    Listed for Rent - Price not available
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About Varsity Lakes 4227

The size of Varsity Lakes is approximately 5.9 square kilometres. It has 23 parks covering nearly 10.6% of total area. The population of Varsity Lakes in 2011 was 14,365 people. By 2016 the population was 15,000 showing a population growth of 4.4% in the area during that time. The predominant age group in Varsity Lakes is 20-29 years. Households in Varsity Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Varsity Lakes work in a professional occupation. In 2011, 51.9% of the homes in Varsity Lakes were owner-occupied compared with 51.3% in 2016.

Varsity Lakes has 8,041 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 83.43% increase in median value, while Units have seen a 78.54% increase. As at 31 October 2024:

  • The median value for Houses in Varsity Lakes is $1,169,868 while the median value for Units is $779,938.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 30 properties listed for sale, and 27 properties listed for rent in Varsity lakes on OnTheHouse. According to CoreLogic's data, 423 properties were sold in the past 12 months in Varsity lakes.

Suburb Insights for Varsity Lakes 4227

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.