1/2 Palma Crescent, Varsity Lakes, QLD 4227 sold on 16 June 2025 | OnTheHouse
SOLD
Sold on 16 Jun 2025 for $890,000

1/2 Palma Crescent
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
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Property Details for 1/2 Palma Cres, Varsity Lakes

1/2 Palma Cres, Varsity Lakes is a 3 bedroom, 2 bathroom Townhouse with 3 parking spaces and was built in 2008. While the property is not currently for sale or for rent, it was last sold in June 2025. There are other 3 bedroom Townhouse sold in Varsity Lakes in the last 12 months.

Building Type
Townhouse
Year Built
2008
Local Government
Gold Coast City
Lot/Plan
1/SP165623

Last Listing description (July 2025)

Spacious 3-Bed Townhouse with 3-Car Parking in Prime Varsity Lakes Location

Located in one of Varsity Lakes' most sought-after pockets, this stylish and low-maintenance townhouse offers the perfect blend of space, comfort, and convenience. With 3 bedrooms, 2 bathrooms, and rare 3-car parking (tandem garage + open car space), this home is ideal for ideal for professionals, couples or families looking to enjoy the best of the Gold Coast lifestyle.

Wake up with a coffee on the north-facing balcony, then step outside for a walk or jog along the stunning lakefront trails. On weekends, explore nearby Burleigh Beach, visit the lakeside caf precinct, or shop and dine at Robina Town Centre, just a short drive away.

Commuting is a breeze with Varsity Lakes train station and the M1 motorway both within easy reach, and local shops, Woolworths, cafes, childcare, and fitness centres all close by.

Property Features:
3 generous bedrooms with built-in wardrobes
2 bathrooms including private ensuite to master
Tandem garage (fits 2 cars) plus one extra exclusive-use car space
Open-plan living and dining with air conditioning
Bright north-facing balcony
Private covered entertaining area/courtyard
Ceiling fans, security screens, internal laundry
Tiled living, easy-care layout

Lifestyle Highlights:
2-minute walk to parklands and lakeside trails
Walking distance to Varsity College, local cafs and playgrounds
Close to Robina Town Centre, Bond University and Varsity Train Station
Quick access to M1 and Burleigh Beach

Apply For This Property Online: https://TheOnsiteManager.com/apply/21156868
(Listing ID: 21156868 )

Property History for 1/2 Palma Cres, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$890,000
16 Jun 2025
  • 15 Jul 2025
    Listed for Rent $900
  • 21 Jun 2016
    Listed for Rent - Price not available
  • 13 Oct 2015
    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 2016 was 15026 people. By 2021 the population was 16493 showing a population growth of 9.8% in the area during that time. The predominant age group in Varsity Lakes is 30-39 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 2021, 54.40% of the homes in Varsity Lakes were owner-occupied compared with 51.30% in 2016.

Varsity Lakes has 8,108 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 85.34% increase in median value, while Units have seen a 105.15% increase. As at 30 April 2026:

  • The median value for Houses in Varsity Lakes is $1,413,430 while the median value for Units is $1,010,799.
  • Houses have a median rent of $950 while Units have a median rent of $800.
There are currently 50 properties listed for sale, and 21 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 414 properties were sold in the past 12 months in Varsity lakes.

Suburb Insights for Varsity Lakes 4227

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.