Back 5 Palma Cres
Off Market

5 Palma Cres

Varsity Lakes QLD 4227

4
2
2
226 m²
350 m²
House
Last sold for $1,395,000
Luke WrightLuke Wright, last sold this property on 26 March 2026 after 31 days on market.

Overview

Generous Proportions, Premium Location

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.

Features

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
226 m² floor area
350 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Varsity Lakes over the last 12 months, the estimated median property value of 5 Palma Cres is $1.45m.

Median value
$1.45m
Estimated value range
$920k - $1.86m
Median days on market
27
Estimated value trend
14%
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 5 Palma Cres

2026
Sold
$1,395,000
26 Mar 2026 by Luke Wright, of PRD Real Estate Burleigh Heads
2019
Sold
$620,000
29 Apr 2019 by Melissa Lancaster, of Gold Coast Property Sales & Rentals

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 99 reviews in Varsity Lakes over the last 12 months.

Local market activity for 4 bedroom houses in Varsity Lakes

In the last 12 months, 59 four-bedroom houses similar to 5 Palma Cres, have been sold.

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