Back 50/251 Varsity Parade
Off Market

50/251 Varsity Parade

Varsity Lakes QLD 4227

4
2
2
208 m²
Apartment
Last sold for $1,350,000
Mitch HarropMitch Harrop, last sold this property on 03 June 2025 after 47 days on market.

Overview

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Renovated Waterfront Penthouse within The Reserve! *** Video Walk Through on Facebook - Varsity Lakes Property Group *** Welcome to 50/251 Varsity Parade, Varsity Lakes – a perfectly positioned waterfront haven within the sought-after resort-style community of "The Reserve". Proudly presented by Mitch Harrop & Ben Nantes, this elegant, fully renovated apartment offers a lifestyle of ease and tranquillity, with Lake Orr's boardwalks, shops, schools, cafes, and parks all just moments from your doorstep. Whether you're starting out, slowing down, or investing, this home places you right in the heart of Varsity Lakes' most vibrant and convenient pocket. Effortlessly accessible via lift, the apartment opens into a light-filled space with soaring ceilings and a calming, open feel. The thoughtfully designed floorplan offers a seamless flow from kitchen to living and out to the entertainer's balcony, making it ideal for both everyday comfort and low-maintenance living. Every detail has been considered to create a functional home that feels as good as it looks. The real showstopper is the expansive balcony that delivers sweeping views of Lake Orr, the lush Hinterland, and the glittering Burleigh Heads skyline. Whether you're enjoying your morning coffee, dining alfresco, or winding down with a sunset drink, this private outdoor retreat is sure to impress. Embrace the peaceful surrounds, the resort-style amenities, and the unbeatable lifestyle that comes with lakeside living. Boasting Home Features Include: * Elevated across two luxurious levels, this penthouse-style apartment delivers exceptional waterfront living with a panoramic outlook across Lake Orr * Lift access up to your penthouse apartment, enjoy the benefit of no stairs * Step into a light-filled sanctuary designed for both comfort and sophistication * Entertain with ease across multiple living and dining zones, perfectly suited for gatherings in any season * The gourmet kitchen is the heart of the home, featuring sleek stone benchtops and effortless connection to the covered alfresco balcony * Soaring ceilings and expansive windows flood the home with natural light, enhancing its grand, open feel * Indoor and outdoor spaces blend seamlessly, creating a peaceful retreat that feels both spacious and serene * Step out onto the oversized covered terrace and soak in breathtaking views of Lake Orr, the lush hinterland, and Burleigh Heads' skyline * The king-sized master suite is a true haven, walk-through robe with barn door, private ensuite, and stunning water views to wake up to * Upstairs, two additional bedrooms are beautifully appointed with built-in robes and shared renovated bathroom * A versatile fourth bedroom or stylish home office is tucked away downstairs—ideal for guests or working from home * A well-positioned powder room and separate laundry offer added practicality to everyday living * Freshly updated with new paint and plush carpeting throughout, the home feels brand new * Enjoy year-round climate control with ducted air conditioning, split systems, and ceiling fans in all the right places * Two secure side-by-side car parks and a generous storage cage Council Rates: Approx. $1,250 bi-annually Water Rates: Approx. $400 per quarter Body Corporate: Approx. $181 per week Rental Appraisal: $1,200 to $1,300 per week Boasting 'The Reserve' Complex Features Include: * 47-meter lagoon pool with sandy beach and plunge pool * Private waterfront pavilion and lakeside walking paths * Heated spa and fully equipped gymnasium * Library, steam room and games room * Communal kitchenette, barbecue facilities * Gated security, double garage and visitor parking * Onsite management and office Boasting Location Features Include: * Gorgeous lakeside board walks right at your front door * Walking distance to Varsity College and Bond University * Short stroll to the boutique Varsity Lakes CBD * Stone's throw to restaurants, cafés, chemist and post office * Close by is Kings, All Saints, Hillcrest and Gold Coast Christian College * Short drive to Burleigh Heads and the world renowned Gold Coast beaches Contact your local agents Mitch Harrop and Ben Nantes 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.

Features

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
208 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 50/251 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 50/251 Varsity Parade

2025
Sold
$1,350,000
03 Jun 2025 by Mitch Harrop, of Harcourts Property Hub
2023
Sold
$1,100,000
21 Dec 2023 by Mitch Harrop, of Harcourts Property Hub

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 50/251 Varsity Parade, have been sold.

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

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