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Back 5/23 Formosa Street
Off Market

5/23 Formosa Street

Pimpama QLD 4209

3
2
2
174 m²
150 m²
House
Last sold for $940,000
Steven SpiteriSteven Spiteri, last sold this property on 24 May 2026 after 18 days on market.

Overview

Effortless Living in the Heart of Pimpama's Growth Corridor

Whether you're searching for a low-maintenance lifestyle or a smart addition to your investment portfolio, 5/23 Formosa Street delivers on every front. Built in 2021, this well-presented three-bedroom townhome is owner-occupied and move-in ready, offering the kind of quality and care that's hard to find in this price range. Across two generous living areas, the floor plan gives you the flexibility to spread out, whether that's a dedicated lounge, a kids' retreat, or a work-from-home setup. Step outside and you'll find a covered alfresco perfect for year-round entertaining, complemented by a fully fenced backyard laid with artificial turf, meaning weekends are spent relaxing, not mowing. It's the ideal lock-up-and-leave setup without sacrificing the feel of a private outdoor space. The Location Does the Heavy Lifting Positioned moments from the M1, you're genuinely connected, north to Brisbane or south to the Gold Coast in equal measure. Day-to-day living is just as convenient, with Pimpama Sports Hub, Coomera Westfield, Pimpama Junction, and the Nexus Drive shopping precinct all within easy reach. This is the kind of address that suits every stage of life. For Investors, The Numbers Make Sense The Pimpama corridor continues to be one of South East Queensland's strongest performing growth areas, underpinned by ongoing infrastructure investment, population growth, and consistent rental demand. Comparable townhomes in the precinct are commanding approximately $780 per week in rent, making this an attractive proposition for buyers looking to build long-term wealth in a market that's still gaining momentum. With a modern 2021 build, low body corporate outgoings, and a tenant-ready condition, the holding costs are manageable and the appeal to quality tenants is immediate. Key Features: 3 bedrooms | 2 living areas Covered alfresco entertaining Artificial turf | fully fenced backyard Low maintenance, ideal owner-occupier or investment Built 2021 | owner-occupied condition Moments to M1 (north & south access) Pimpama Sports Hub | Coomera Westfield | Pimpama Junction | Nexus Drive precinct Don't Miss Out - Enquire Now! Disclaimer: All clients are strongly encouraged to undertake their own due diligence, including independent inspections. Any marketing materials provided by YPA Queensland are for marketing purposes only. Clients must rely on their own investigations before making any decisions

Features

3 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
174 m² floor area
150 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Pimpama over the last 12 months, the estimated median property value of 5/23 Formosa Street is $872.5k.

Median value
$872.5k
Estimated value range
$695k - $1.57m
Median days on market
23
Estimated value trend
17%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Pimpama. 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 5/23 Formosa Street

2026
Sold
$940,000
24 May 2026 by Steven Spiteri, of YPA Queensland
2023
Sold
$660,000
Private Sale/Treaty on 02 Jun 2023 by Jon Nat, of RE/MAX Results Morningside

Happy sellers in Pimpama

87%
87% of sellers in Pimpama reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 173 reviews in Pimpama over the last 12 months.

Local market activity for 3 bedroom houses in Pimpama

In the last 12 months, 68 three-bedroom houses similar to 5/23 Formosa Street, have been sold.

This represents a 27% increase in three-bedroom houses 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 Pimpama

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Shane Perry

Sellers who recommend Shane Perry have praised them for being clear communication, local expert, responsive, reliable, proactive, dedicated and well-prepared

  •   5   (150 reviews)
  •  50 Reviews in Pimpama
  •  87 Sales in Pimpama
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Brent Siebritz

Sellers who recommend Brent Siebritz have praised them for being clear communication, local expert, responsive, dedicated, well-prepared, honest and supportive

  •   5   (207 reviews)
  •  61 Reviews in Pimpama
  •  36 Sales in Pimpama
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Cameron Webber

Cameron Webber is a recommended agent for Pimpama.  They have 14 local sales and collected 14 local reviews across the last 12 months.

  •   5   (139 reviews)
  •  14 Reviews in Pimpama
  •  14 Sales in Pimpama
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Armani Sandhu

Sellers who recommend Armani Sandhu have praised them for being clear communication

  •   5   (32 reviews)
  •  13 Reviews in Pimpama
  •  18 Sales in Pimpama
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