2/251 Varsity Parade, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
FOR SALE

2/251 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 94m2
Land area: 1143m2
This property is currently on the market
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Property Details for 2/251 Varsity Pde, Varsity Lakes

2/251 Varsity Pde, Varsity Lakes is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2003. The property has a land size of 1143m2 and floor size of 94m2.This Property is currently listed for sale with Ray White Robina

Building Type
Unit
Year Built
2003
Floor Size
94m2
Land Size
1143m2
Local Government
Gold Coast City
Lot/Plan
2/SP151075

Last Listing description (March 2026)

Auction Onsite on the boardwalk - Saturday 28th March 8.45am

Perfectly positioned on the water's edge, this magnificently located lakefront apartment sits on the ground floor of the highly sought-after "Dove" residences within The Reserve in Varsity Lakes

Designed for both comfort and privacy, the two bedrooms are positioned at opposite ends of the apartment-ideal for peaceful living. Every room is filled with natural light and captures either tranquil lake views or outlooks to your own private, secure, gated courtyard.

Completely reimagined in 2025, the original closed-off kitchen has been transformed into a stunning, open and welcoming space. The result is evident the moment you step inside. Designed to maximise both form and function, the new kitchen makes preparing family meals effortless. And the breezes? Simply divine. With both front and rear courtyards, you can open the home to capture the gentle north-south winds drifting across Lake Orr-rarely needing the air conditioning.

Spacious and cleverly designed, this apartment offers expansive views across Lake Orr from the waterfront deck, open-plan living area, and even the bedrooms-creating the feeling of floating above the water.

Enjoy the vibrant community atmosphere as you watch the passing parade along the newly constructed boardwalk that meanders around the complex-or join in yourself. From yoga and art classes to rowing and the annual "Winterfest" celebration featuring live music, fireworks and special guests, there's always something happening.

Located in the sought-after Varsity restaurant precinct, directly behind Bond University, with cafs, bars and restaurants just a two-minute stroll away, this is lifestyle living at its finest.

Live in it or lease it out-demand consistently outstrips supply in this tightly held complex.

Apartment Features

Brand new designer kitchen
Refreshed laundry with additional storage
Undercover patio for alfresco dining with breathtaking lake views
Expansive open-plan living with Karndean vinyl planks and water views
Quality stainless steel appliances and stone benchtops
Large master bedroom with built-ins and ceiling fan
Renovated ensuite featuring wall-hung vanity and Moroccan feature tiles
Second bedroom with built-in robe, ceiling fan and direct access to courtyard
Spacious modern main bathroom
Separate laundry room
Two designated underground car spaces
Large storage cage on title
New air conditioning in Living and Bedrooms (3 splits)
Retractable privacy screens (east and south facing)
Direct lake access to the boardwalk-feed the ducks or stroll for coffee with friends

Expected Rent: $1,050 - $1,100 per week

Body Corporate Levies: Approx. $164 per week

Council Rates: Approx. $1,105.79 (6 months)

Water Rates: Approx. $375 per quarter
All figures are approximate.

Resort-Style Facilities

Built in 2002; 200 apartments on the foreshore of Lake Orr
47-metre lagoon pool with sandy beach, plus plunge pool
Cascading waterfall and beautifully maintained gardens
Theatrette, library, games room
Heated spa, infrared sauna, fully equipped gymnasium
Communal kitchenette and barbecue facilities
Private waterfront pavilions and lakeside walking paths
Secure gated complex with undercover parking
Resident app to seamlessly book amenities and relax on your schedule

With Market Square retail, cafs, medical centres, walking tracks and public transport at your doorstep-and just minutes to Robina Town Centre and only 7 minutes to the beautiful Gold Coast beaches-this exceptional lifestyle apartment is an absolute must to inspect. Waterfront opportunities like this don't last. Experience the lifestyle for yourself.

Property History for 2/251 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$610,000
22 Oct 2021
Listed for Rent
$350/w
12 Feb 2022
  • 05 Mar 2026
    Listed for Sale AUCTION
  • 22 Oct 2021
    Sold for $610,000
  • 16 Sep 2021
    Listed for Sale SOLD by Daryn & Darren
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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 8,112 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 89.77% increase in median value, while Units have seen a 102.81% increase. As at 28 February 2026:

  • The median value for Houses in Varsity Lakes is $1,376,945 while the median value for Units is $958,531.
  • Houses have a median rent of $880 while Units have a median rent of $800.
There are currently 41 properties listed for sale, and 23 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 425 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.