146/251 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
OFF MARKET

146/251 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 146/251 Varsity Pde, Varsity Lakes

146/251 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 July 2024.

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

Last Listing description (October 2024)

Experience the pinnacle of urban living in this true penthouse apartment, where no expense has been spared to create a luxurious and sophisticated home. This spacious residence offers an unparalleled lifestyle with breathtaking panoramic views of both the lake and the city skyline.

Key Features:
With over 440sqm of living space inside and out set over two levels, you will find this home the perfect place to entertain or work from home with absolute privacy.

The current owners have loved this aspect that's cool in summer capturing the Lake Orr breezes and warm in winter as the apartment is north east facing.
The home is fully air conditioned but the optimised aspect means less ac and more lake breezes.
Expansive Living Spaces Generously sized with an open floor plan, perfect for entertaining and relaxation.

Spectacular Views: Enjoy unobstructed vistas of the lake and city from every room, providing a stunning backdrop to your daily life.
Entertainment Lounge & Bar just like a first class airline lounge offering top floor unobstructed views of Lake Orr, Surfers Paradise city and views to Burleigh Heads. The beautifully designed and constructed bar is simply a magnificent place to sit with friends and family and powder room is convenient and has been cleverly integrated.

Gourmet Kitchen: Outfitted with top-of-the-line appliances, custom cabinetry, and elegant finishes, making it a chef's dream.
Surprisingly good butler's pantry- come and discover this spacious and functional zone. See if you can find it!

Luxurious Master Suite: Features a spacious bedroom, walk-in closet, and a spa-like en-suite bathroom with premium fixtures.

High-End Finishes: Every detail has been meticulously designed and crafted, from the hardwood floors to the custom lighting and designer touches throughout.

Private Terrace: Step out onto your expansive private terrace to take in the fresh air and unparalleled views, perfect for outdoor dining and relaxation.

Amenities: Benefit from exclusive access to the building's amenities, including a state-of-the-art sauna, stunning free-form white sandy beach.

Prime Location: Situated in a prestigious building, you'll be within walking distance to upscale shopping, fine dining, and vibrant city life.

Storagethere's loads of storage space from the walk in pantry, laundry, upstairs lounge, understairs and car park storage cage located in the basement.

Facilities:
-Resort Style Pool
-Dive into relaxation with a 50 metre resort style pool with sandy beaches and private cabanas on offer.
-State-of-the Art Gym
-Stay fit with the latest fitness equipment and personalised workout spaces.

Gourmet Kitchen
-The shared gourmet kitchen is available for bookings and is ideal for family gatherings or parties.

Private Movie Room & Library
-Ideal for movie screenings but also popular for meetings come bring some popcorn to watch the latest and greatest stars. Library is also a great place to catch up reading, study or just chill.
-Spa, Infrared Sauna and Plunge Pool
-With a heated spa and cool plunge pool already established, The Reserve apartments have recently adopted the latest sauna technology to help improve circulation and therefore better health outcomes for its residents.

Lakeside Walks
The Lake Orr board walk is undergoing a refresh so once complete it will offer over 2.6km of boardwalk and trails that meander the lakeside offering excellent fishing, boating and exercise experiences.

Local Foods
The CBD hotel, Blackboard Cafe, and Italian restaurants are just few of the best places to eat. There's a post office, bottle shop, convenience store too and just recently announced a brand new Coles supermarket coming to Varsity Lakes.

Snapshot:
-True Penthouse
-Prime north eastern orientation
-3 Bedrooms (2 with private balconies from the bedrooms)
-2.5 bathrooms
-Two Storey Apartment with over 257sqm of internal space
-1st Level-Living, covered terraces 20sqm approximately and 3 Bedrooms
-Upper Level- Bar/ Family room and huge terrace area (over 190sqm of covered and uncovered terrace)
-2 side-by-side car parking with adjacent storage cage

Outgoings :
Council rates: $1020 per 6 months approx
Water: $426 per quarter approx
Body Corp: $254 per week approx

This penthouse apartment is a rare gem that offers an extraordinary living experience. Schedule your private viewing today and discover the ultimate in luxury and sophistication. Call Jon on 0417 438 918.

Property History for 146/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$1,620,000
25 Jul 2024
Listed for Rent
$750/w
25 Sep 2011
  • 25 Jul 2024
    Sold for $1,620,000
  • 28 Jun 2024
    Listed for Sale Auction 25th July
  • 31 Jan 2018
    Sold for $930,000
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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 8,094 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 97.94% increase in median value, while Units have seen a 103.23% increase. As at 30 November 2025:

  • The median value for Houses in Varsity Lakes is $1,324,459 while the median value for Units is $922,789.
  • Houses have a median rent of $870 while Units have a median rent of $800.
There are currently 34 properties listed for sale, and 28 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 394 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.