5 Palma CrescentVarsity Lakes QLD 4227
Property Details for 5 Palma Cres, Varsity Lakes
5 Palma Cres, Varsity Lakes is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2004. The property has a land size of 350m2 and floor size of 226m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 4 bedroom House sold in Varsity Lakes in the last 12 months.
Last Listing description (March 2026)
Positioned in the highly sought-after Varsity Sound Estate, this spacious four-bedroom residence delivers exceptional proportions, multiple living zones, and standout family functionality. From the moment you enter, you're welcomed by an enormous front family/media room — a commanding second living space perfect for movie nights, a private retreat, or a dedicated zone for growing families to spread out and unwind.
At the heart of the home, the expansive kitchen is a true centrepiece. Generous in scale and thoughtfully designed, it features stone benchtops, quality appliances, abundant storage, and extensive bench space — perfectly suited to large families or those who love to entertain. It connects seamlessly to the open-plan living and dining areas, creating a natural hub for the home.
The master suite is privately positioned and complete with a walk-in robe and ensuite, while the remaining bedrooms are well-proportioned — including one guest bedroom with its own walk-in wardrobe, a rare and highly desirable bonus. Reverse-cycle air-conditioning and ceiling fans throughout ensure year-round comfort.
Outdoors, the covered entertaining area and fully fenced yard provide a secure and relaxed setting for children, pets, and weekend gatherings.
Features:
• Four generous bedrooms, including master with walk-in robe & ensuite
• Additional guest bedroom with its own walk-in wardrobe
• Massive front family/media room — impressive second living zone
• Expansive kitchen with stone benchtops, quality appliances & ample storage
• Open-plan living and dining with seamless indoor–outdoor flow
• Soaring high ceilings enhancing natural light and space
• Reverse-cycle air-conditioning + ceiling fans throughout
• Low-maintenance outdoor spaces for effortless living
• Covered outdoor entertaining area
• Fully fenced yard, ideal for children and pets
• Double car accommodation with internal access
• Located in the prestigious Varsity Sound Estate
Prime Location:
• Within the sought-after Varsity College (Prep – Year 12) catchment
• Easy access to scenic walking and cycling tracks around Lake Orr
• 3 minutes to Varsity Lakes Train Station
• 2 minutes to M1 Motorway
• 6 minutes to Robina Town Centre
• 5 minutes to Bond University
• 10 minutes to Burleigh Heads Beach
Perfectly positioned in a quiet, family-friendly enclave, this contemporary residence combines generous living spaces with modern finishes and an unbeatable Varsity Lakes location. A rare offering in the Varsity Sound Estate - ideal for families, upsizers, or buyers seeking comfort, lifestyle, and convenience in one of the area's most desirable streets.
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
Property History for 5 Palma Cres, Varsity Lakes, QLD 4227
- 28 Feb 2026Sold for $1,395,000
- 23 Feb 2026Listed for Sale Under Contract
- 03 Apr 2019Sold for $620,000
Recent sales nearby
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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 8,126 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 70.17% increase in median value, while Units have seen a 92.69% increase. As at 31 July 2026:
- The median value for Houses in Varsity Lakes is $1,419,081 while the median value for Units is $997,662.
- Houses have a median rent of $970 while Units have a median rent of $825.
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