3 Magenta Drive, Varsity Lakes, QLD 4227 | Property Value & History | OnTheHouse
OFF MARKET

3 Magenta Drive
Varsity Lakes QLD 4227

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 205m2
Land area: 409m2
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Property Details for 3 Magenta Dr, Varsity Lakes

3 Magenta Dr, Varsity Lakes is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2002. The property has a land size of 409m2 and floor size of 205m2. While the property is not currently for sale or for rent, it was last sold in January 2025.

Building Type
House
Year Built
2002
Floor Size
205m2
Land Size
409m2
Local Government
Gold Coast City
Lot/Plan
65/SP141110

Last Listing description (March 2025)

Gorgeous North Facing Home in "Dress Circle" with Pool!!Nestled in the heart of the prestigious "Dress Circle," Mitch Harrop proudly presents 3 Magenta Drive, Varsity Lakes. This single-level, solid brick home offers an exceptional blend of style and comfort. Set on a flat 409sqm block, the property is thoughtfully designed with a north-facing aspect, ensuring sunlight fills the spacious interiors. With four bedrooms and two distinct living areas, the home provides ample space for family living and entertaining.The seamless indoor-outdoor flow is a standout feature, with formal tiled living areas leading to a covered patio that overlooks a sparkling pool. Perfect for hosting gatherings or simply enjoying a quiet afternoon, the outdoor space enhances the sense of relaxation and ease that this home provides. Every element has been carefully crafted, creating a timeless elegance that blends modern refinement with functional design.Positioned in an enviable location, this home is just moments from the serene Dress Circle Park and Lake Orr. Offering peaceful surroundings alongside the convenience of nearby public transport and a range of dining options, this property presents not only a beautiful family home but also an extraordinary lifestyle opportunity.Boasting Home Features Include: * Owner-occupied and ready for immediate move-in, perfect for a hassle-free transition* Charming single-level family home on a flat, 409m block, ideal for low-maintenance living* Located in the prestigious "Dress Circle" of Varsity Lakes, offering a sought-after central position* Sun-filled multiple living areas, enhanced by a north-facing aspect and soaring high ceilings* Elegant formal lounge flows seamlessly into the dining area and stunning outdoor entertaining space* Well-designed kitchen featuring a breakfast bar, premium appliances, and ample storage overlooking the dining area* The open-plan layout creates effortless indoor-outdoor living, perfect for entertaining* Covered outdoor patio and sparkling north-facing pool, with an additional patio for versatile outdoor living* Low-maintenance gardens and a private backyard with convenient side access along one side of the house* Spacious master bedroom with walk-in robe, ensuite, ceiling fan, and private access to the outdoor patio* Three generously sized bedrooms, all with built-in robes and ceiling fans for comfort* Well-appointed main bathroom with a separate bath, shower, and toilet* Reverse cycle air conditioning in the living area and master bedroom for year-round comfort* Separate laundry room with external access to the backyard for added convenience* Take advantage of energy efficiency with a 20 panel 5kW solar system * Secure lock-up garage with internal and backyard access, plus additional off-street parking* Expansive front yard, offering the potential to be fenced for maximum use of the block* Located on a quiet, family-friendly street providing a peaceful and safe environment for childrenCouncil Rates: Approx. $1,1400 bi-annuallyWater Rates: Approx. $440 per quarterRental Appraisal: $1,000 to $1,100 per weekBoasting Location Features Include:* Highly desired Varsity College school catchment* Local Dress Circle Park and Lake Orr boardwalks are a stone's throw away* Cafes, local shops & restaurants, bus stop, and Bond University are just moments away* Robina Town Centre, Robina Hospital and Varsity Train Station are all close by* Only a short drive to the world-renowned golden sandy beaches of Burleigh Heads, Miami and Mermaid BeachesContact your local agent Mitch Harrop for more information 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 Magenta Dr, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$1,185,000
16 Jan 2025
Listed for Rent
$550/w
09 Apr 2019
  • 16 Jan 2025
    Sold for $1,185,000
  • 23 Oct 2024
    Listed for Sale Under Contract
  • 05 Sep 2020
    Sold for $607,000
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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 8,107 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 85.58% increase in median value, while Units have seen a 102.91% increase. As at 31 March 2026:

  • The median value for Houses in Varsity Lakes is $1,404,419 while the median value for Units is $979,638.
  • Houses have a median rent of $950 while Units have a median rent of $800.
There are currently 38 properties listed for sale, and 26 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 427 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.