163/251 Varsity Parade, Varsity Lakes
Listing data updated 16 Aug 2026
2 bed2 bath2 car
- Welcome to this beautifully renovated two-bedroom, two-bathroom first-floor apartment, perfectly positioned within the exclusive waterfront community of The Reserve. From the moment you step inside, you'll appreciate the natural light and peaceful surroundings, with stunning views across Lake Orr visible from nearly every room. With a private outlook and a beautifully renovated interior, this home offers an exceptional combination of comfort, tranquility and lifestyle. Thoughtfully renovated throughout, the air-conditioned apartment presents as completely move-in ready. The renovation includes a brand-new ensuite and laundry, a beautifully refurbished main bathroom, new timber-look flooring to the living areas, new carpet to the bedrooms, fresh paint throughout, new block-out curtains and sheers, and new ceiling fans. Every element has been carefully considered to create a stylish and comfortable home. At the heart of the apartment, the brand-new kitchen combines functionality with contemporary style. A stunning stone waterfall benchtop and breakfast bar are complemented by elegant brushed brass tapware, feature tile splashback and a high-quality induction cooktop. The open-plan living and dining area provides plenty of space for relaxed everyday living, with the new timber-look flooring adding warmth and a sophisticated finish. The spacious, fully covered main balcony flows seamlessly from the living area and is a standout feature of the home. With no other units directly overlooking it, the balcony provides a wonderful sense of privacy and an uninterrupted waterfront outlook. There is ample room for a barbecue and outdoor dining setting, making it perfect for year-round entertaining or simply relaxing and enjoying the view. The master bedroom also features its own private covered balcony, offering a peaceful retreat for morning coffee or unwinding at the end of the day. The master suite benefits from a generous walk in robe and brand-new ensuite, while the second bedroom is complete with built-in mirror-door robes.The main bathroom has also been tastefully refurbished, featuring brushed nickel tapware, a stone benchtop and stylish floor-to-ceiling tiles. Residents of The Reserve enjoy a peaceful and friendly community surrounded by tropical gardens and beautiful waterfront scenery. The fully secure complex offers an impressive array of resort-style facilities, including a huge wrap-around pool with sun chairs, a private exclusive sandy beach, residents' lounge with kitchen, two gyms, two spas, cinema, library and a viewing deck. Private waterfront beach and boardwalk access connects through a pedestrian gate to the public walkway around Lake Orr, providing a beautiful setting for morning walks, evening strolls and easy access towards Varsity Town Centre and the surrounding parklands. Everyday convenience is also close at hand, with Blackboard Café, the post office, convenience stores and a range of dining options nearby. The new Varsity Coles and Bond University are just a few minutes away, while tandem basement parking and a separate secure storage cage add further practicality. Combining wide waterfront views, a quality renovation, exceptional resort-style facilities and an enviable location, this is a truly special opportunity to enjoy a relaxed waterfront lifestyle. Key Features • Two-bedroom, two-bathroom first-floor apartment • Fully renovated throughout in 2025 • Wide, uninterrupted waterfront views of Lake Orr • Private outlook with no units directly overlooking • Two fully covered balconies including main balcony with room for a barbecue and dining setting and private master bedroom balcony • Brand-new kitchen, ensuite and laundry • Refurbished main bathroom with stone benchtop and floor-to-ceiling tiles • Split system air conditioning • Stone waterfall kitchen benchtop with breakfast bar, brushed brass kitchen tapware and quality induction cooktop • Separate laundry • New timber-look flooring throughout the living areas • New carpet in both bedrooms • New ceiling fans, blockout curtains and sheers • Tandem basement parking and storage cage, with lift access • Exclusive The Reserve complex with resort-style facilities • Huge wrap-around pool complete with sun lounges • Private sandy beach, exclusive to complex residents • Two gyms, spas, residents kitchen, library and cinema • Secure complex with intercom • Pet friendly • Visitor parking • Private waterfront boardwalk linking to the public walkway, with convenient access to Lake Orr, Varsity Town Centre, parklands, cafés, dining, Varsity Coles and Bond University Property Specifics: • Council Rates: $1,177.71* per half year • Water Rates: $486.82* per quarter • Rental Appraisal: Estimated rental income of $850* per week • Body Corporate: $192* per week *Approx. 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.
RealistIQ deal score
Neutral value signal
13
/100
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Estimate vs market price guide
Market price guide is $133,000 above RealistIQ estimate
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RealistIQ estimate range: $829,000 - $1,294,000Wider ranges mean more uncertainty.
RealistIQ estimate$1,062,000
Market price guide$1,195,000
$829,000$1,294,00012-month Property Outlook
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Property features
Features detected from the listing details.
Comfort
Air conditioningEnsuiteBuilt-in wardrobes
Kitchen & utilities
Internal laundry
Outdoor & building
Swimming poolGarden / courtyardBalcony / deck
Security & access
Intercom
Lifestyle & views
StudyPets allowed
Listing details
- Status
- Offers over $1,195,000
Agent and agency
larger landrenovated
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