3/28 Palma Crescent, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
OFF MARKET

3/28 Palma Crescent
Varsity Lakes QLD 4227

Bedrooms: 3
Bathrooms: 3
Car spaces: 3
Floor area: 129m2
Land area: 99m2
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Property Details for 3/28 Palma Cres, Varsity Lakes

3/28 Palma Cres, Varsity Lakes is a 3 bedroom, 3 bathroom Townhouse with 3 parking spaces and was built in 2005. The property has a land size of 99m2 and floor size of 129m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
Townhouse
Year Built
2005
Floor Size
129m2
Land Size
99m2
Local Government
Gold Coast City
Lot/Plan
3/SP182400

Last Listing description (June 2026)

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

Proudly presented by Mitch Harrop, this elevated quadruplex residence offers an exceptional combination of space, privacy and low-maintenance living with the added bonus of no body corporate fees. Positioned in a peaceful pocket of Varsity Lakes, 3/28 Palma Crescent captures beautiful breezes and stunning sunset views while delivering a versatile floorplan suited to families, professionals or investors alike.

Upon entry, an elongated hallway creates an immediate sense of space throughout the home. The lower level features a well-sized bedroom with direct access to a private courtyard, alongside a full bathroom ideal for guests, teenagers or multi-generational living. The oversized tandem garage comfortably accommodates two vehicles with additional space at the front for a third car, while the laundry is positioned at the rear with convenient under stair storage also available.

Upstairs, the home opens into a light-filled open plan living and dining area featuring high ceilings, air conditioning and seamless indoor-outdoor flow. The kitchen overlooks the main living space and extends out to the elevated balcony, where the recently replaced deck creates the perfect setting to entertain or relax while taking in the sunset views.

The oversized master suite offers space for a king-sized bed and features air conditioning, ceiling fans, a walk-in wardrobe and a spacious ensuite with a huge shower. The second upstairs bedroom also includes air conditioning and ceiling fans, while the main bathroom is well sized with a large shower. Complete with new carpet throughout, the home is move-in ready and ideally positioned close to schools, shops, cafes and transport.

Boasting Property Features

Elevated quadruplex with no body corporate fees!!
Open plan living and dining area with high ceilings
Huge tandem garage with additional third car space
Lower-level bedroom with courtyard access and adjacent bathroom
Air conditioning and ceiling fans throughout
Elevated balcony with recently replaced deck and sunset views
Excellent indoor-outdoor flow with cooling breezes
King-sized master suite with walk-in wardrobe and spacious ensuite
New carpet throughout the home
Under stair storage for added practicality
Located just 15m from a park and playground, perfect for families with children and outdoor living.

Council Rates: Approx. $1,170 Bi-Annually
Water Rates: Approx. $515 Per Quarter
Rental Appraisal: Approx. $950 -$1,100 Per Week

Boasting Location Features Include:

Situated within the sought-after Varsity College catchment
Only moments from Lake Orr's picturesque walking and cycling tracks
Close to Bond University, cafes, restaurants, and local conveniences
Just minutes to Varsity Train Station and Robina Town Centre
Easy access to the M1 for commuting north or south
Short drive to Burleigh Heads and iconic Gold Coast beaches

Why Choose Varsity Lakes?

Varsity Lakes continues to stand out as one of the Gold Coast's premier lifestyle suburbs, offering a unique blend of luxury, convenience, and community. Nestled around the picturesque Lake Orr, it features scenic walking tracks, parks, and vibrant cafs that encourage a relaxed, family-friendly atmosphere. Home to the esteemed Varsity College and within walking distance to Bond University, it's a location that appeals to both families and investors. With easy access to Robina Town Centre, transport links, and the M1, Varsity Lakes represents the ideal balance of lifestyle, connectivity, and long-term value.

For more information, contact the Number 1 Agent in Varsity Lakes & Robina, Mitch Harrop today!

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 3/28 Palma Cres, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$555,000
20 Mar 2021
Listed for Rent
$600/w
28 Jun 2021
  • 29 May 2026
    Listed for Sale Offers Over $1,060,000
  • 17 Jun 2021
    Listed for Rent $600 / week
  • 20 Mar 2021
    Sold for $555,000
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About Varsity Lakes 4227

The size of Varsity Lakes is approximately 5.9 square kilometres. There are 23 parks, covering nearly 10.6% of the 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 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 2021, 54.40% of the homes in Varsity Lakes were owner-occupied compared with 51.30% in 2016.

Varsity Lakes has 8,106 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 54 properties listed for sale, and 24 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 415 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.