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Off Market

201/251 Varsity Parade

Varsity Lakes QLD 4227

4
2
2
195 m²
Apartment
Last sold for $1,300,000
Jon PaulJon Paul, last sold this property on 12 April 2026 after 45 days on market.

Overview

Under Instructions to SELL..... Waterfront Sub Penthouse!

Welcome to something truly special at The Reserve Apartments - one of the Gold Coast's most tightly held resort-style addresses, perfectly positioned in the vibrant heart of Varsity Lakes. If you've ever dreamed of living somewhere that feels like a permanent holiday, this is it. The Sub-Penthouse This residence is one of only 20 in the complex - a rare four-bedroom sub-penthouse with north-east water views over Lake Orr. For investors, the fundamentals are equally compelling. With Bond University at your doorstep and strong executive demand in the area, the anticipated rental return of approximately $1,500-$1,700 per week positions this as a blue-chip addition to any portfolio. Property Details • North-east aspect with water views • Brand New Kitchen (Feb 2026) with soft-close drawers, a chic Franke Sink with a matching mixer, including Bosch appliances • 4 Bedrooms- all with built-in robes • 2 Bathrooms • Combined Laundry & Powder Room • 2 Side-by-Side Car Spaces • Secure Basement Storage Room- ideal for bikes, surfboards or anything you can imagine • Freshly Painted Interior • Luxurious New Zealand wool carpets • Option to convert Laundry into a third bathroom Outgoings: Body Corporate $139 per week approx Water $350 per quarter approx Rates $1,111.21 approx 145 sqm living & carparks and storage 40sqm = 195 sqm approximately.

Features

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
195 m² floor area
Apartment

Estimated Value

Based on this property and similar 4 bedroom apartments sold in Varsity Lakes over the last 12 months, the estimated median property value of 201/251 Varsity Parade is $1.29m.

Median value
$1.29m
Estimated value range
$1.11m - $1.35m
Median days on market
47
Estimated value trend
32%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Varsity Lakes. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 201/251 Varsity Parade

2026
Sold
$1,300,000
12 Apr 2026 by Jon Paul, of Ray White Robina
2023
Sold
$910,000
12 Jun 2023 by Mitch Harrop, of Harcourts Property Hub
2021
Sold
$701,000
16 Sep 2021 by Aaron Smith, of First National Centrepoint

Happy sellers in Varsity Lakes

93%
93% of sellers in Varsity Lakes reported that their sale price either exceeded or met their price expectations.

Varsity Lakes stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 96 reviews in Varsity Lakes over the last 12 months.

Local market activity for 4 bedroom apartments in Varsity Lakes

In the last 12 months, 3 four-bedroom apartments similar to 201/251 Varsity Parade, have been sold.

This represents a 20% increase in four-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Varsity Lakes

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Mitch Harrop

Sellers who recommend Mitch Harrop have praised them for being clear communication, local expert, responsive, great negotiation, friendly, supportive and stress-free process

  •   4.9   (228 reviews)
  •  61 Reviews in Varsity Lakes
  •  77 Sales in Varsity Lakes
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Luke Wright

Luke Wright is a recommended agent for Varsity Lakes.  They have 11 local sales and collected 8 local reviews across the last 12 months.

  •   5   (18 reviews)
  •  8 Reviews in Varsity Lakes
  •  11 Sales in Varsity Lakes
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Chris Shields

Sellers who recommend Chris Shields have praised them for being clear communication, local expert, friendly, responsive, supportive, trustworthy and dedicated

  •   4.9   (152 reviews)
  •  9 Reviews in Varsity Lakes
  •  9 Sales in Varsity Lakes
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Karyn O'Dea

Sellers who recommend Karyn O'Dea have praised them for being clear communication, local expert, responsive, friendly, honest, supportive and dedicated

  •   5   (469 reviews)
  •  7 Reviews in Varsity Lakes
  •  6 Sales in Varsity Lakes
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