142/251 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
OFF MARKET

142/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 238m2
Land area: 2849m2
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Property Details for 142/251 Varsity Pde, Varsity Lakes

142/251 Varsity Pde, Varsity Lakes is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2004. The property has a land size of 2849m2 and floor size of 238m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
2004
Floor Size
238m2
Land Size
2849m2
Local Government
Gold Coast City
Lot/Plan
142/SP151076

Last Listing description (September 2025)

**PLEASE REGISTER TO INSPECT USING THE LINK BELOW**
https://app.snug.com/apply/raywhiteburleighheads

As soon as you step inside this stunning waterfront penthouse, you will instantly have that wow factor from the breathtaking views and quality of design that this home offers. Upon entry, you are welcomed with a 6-meter void and stunning chandelier setting the tone for the rest of this opulent two-level penthouse. Set within 'The Reserve' - a tightly held high-end building offering residents a life of utter leisure, this magnificent residence showcases high-end finishes throughout and an abundance of natural light and year-round coastal breezes, making you feel like you are on a permanent holiday.

Boasting 3 bedrooms, 2.5 bathrooms (master with luxe ensuite and walk-in robe), the third bedroom also offers a walk-in robe, all of the three bedrooms offer picturesque views through the large glass windows, open plan living and dining area looking out onto the southwest facing double height balcony through sliding doors, expansive designer kitchen with Caesarstone benchtops with waterfall edge, ample storage (on both sides of the island bench), Blanco appliances, wine fridge, walk-in pantry, adding to the additional storage and bench space, perfect for those who love to entertain and host a nice get together with friends and family. You will also find a separate retreat or study, an additional family/living room plus powder on the upper level which opens out onto the top mega terrace offering spectacular 270-degree views from Surfers Paradise, through to Burleigh, the Hinterland, and beyond.

As a resident of this majestic building, you will enjoy access to a list of amenities that include a spa, sauna, two x gyms (one for cardio, one for weights), cold plunge pool, library, cinema, two x overwater gazebos, huge resort-style pool and a full kitchen/entertaining area with two bbq's - the entertainment options are endless.

Boasting a plethora of shops, restaurants, dining options and river walks right on your doorstep as well as close proximity to Burleigh Heads Beach, Robina Town Centre, Robina Hospital, CBus Super Stadium and Bond University is only a short stroll away, the location does not get any better.

Additional Features Include:

- Located on the sixth level and one of only four on the same floor
- Situated at the end of the corridor, affording you extra peace and quiet as well as privacy
- Ducted air conditioning throughout
- Secure gated complex
- Year-round coastal breezes
- Security cameras
- Sonos Sound System - zoned to 3 areas
- Intercom/security (2x internal keypad points)
- Power points are USB
- Ceiling fans throughout
- Designer tiled splashback in kitchen and Ensuites
- Polished Brush Box timber floors throughout
- Carpet in the bedrooms
- Designer pendant lights in the Kitchen, Living/dining and main ensuite
- 2 pac cabinetry in the kitchen and laundry
- 2 x enormous southwest-facing terraces
- 270-degree views from the upstairs terrace
- Brooklyn Wine and Tapas and the very well known award winning Blackboard Coffee Shop literally on your door step.

Application:
Interested in applying for this property? Once you have attended an inspection, or digitally inspected from our photographs, apply directly through our Ray White Burleigh Heads website -
https://app.snug.com/apply/raywhiteburleighheads
Click on the property you are interested in and simply click the 'apply now' button!

Disclaimer:
Whilst every effort has been made to ensure the accuracy of these, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these as representations of fact but must instead satisfy themselves by inspection or otherwise.

Property History for 142/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$1,560,000
29 May 2023
Listed for Rent
$1.35k/w
04 Dec 2024
  • 24 Nov 2024
    Listed for Rent $1,350 / week
  • 07 Jul 2023
    Listed for Rent $1,300 / week
  • 29 May 2023
    Sold for $1,560,000
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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 8,110 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 98.15% increase in median value, while Units have seen a 98.82% increase. As at 31 December 2025:

  • The median value for Houses in Varsity Lakes is $1,353,363 while the median value for Units is $910,743.
  • Houses have a median rent of $870 while Units have a median rent of $800.
There are currently 30 properties listed for sale, and 26 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 391 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.