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163/251 Varsity Parade, Varsity Lakes QLD 4227

Offers Over $1,195,000

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$1.2M - $1.25M Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 2 Beds 2 Baths 2 Cars

Listed: 14th Aug 2026

Updated: 21st Aug 2026

Overview

This first-floor apartment, set within the exclusive waterfront community of The Reserve, offers a thoughtfully renovated and comfortable lifestyle with stunning uninterrupted views of Lake Orr. The home welcomes ample natural light through its well-positioned living spaces, creating a peaceful ambience enhanced by the private outlook with no direct overlooking units.

The interior has been comprehensively updated in 2025 to include a brand-new ensuite and laundry, alongside a refreshed main bathroom featuring modern finishes like a stone benchtop and floor-to-ceiling tiles. Quality flooring treatments unify the space with timber-look surfaces in communal areas and plush carpet in bedrooms, complemented by new ceiling fans and fresh paint for a cohesive, move-in ready presentation.

A highlight is the bespoke kitchen, which integrates a stone waterfall benchtop and breakfast bar with stylish brushed brass tapware and a high-quality induction cooktop, providing both functionality and an elegant aesthetic at the home's core. The open-plan living and dining area flows effortlessly onto a large, fully covered main balcony that emphasizes indoor-outdoor living with private, panoramic waterfront views—ideal for entertaining or relaxation year-round. The master bedroom also features its own private balcony, serving as a quiet retreat.

Storage and parking have been well considered with tandem basement parking and a separate secure storage cage accessible by lift. Both bedrooms offer generous closet space, with the master including a walk-in robe.

Residents benefit from an array of resort-style amenities within a secure, pet-friendly complex. These include a significant wrap-around pool with sun lounges, private sandy beach access, multiple gyms and spas, a cinema, library, residents' lounge with kitchen facilities, and a scenic viewing deck. Convenient pedestrian gate access to Lake Orr’s public walkway connects to nearby parklands, cafes, Varsity Town Centre, Varsity Coles, and Bond University.

With a blend of stunning water views, high-quality improvements, ample community facilities, and proximity to amenities, this apartment suits those seeking serene waterfront living combined with practical convenience.

Local Market Insights

In Varsity Lakes, Quiet Listings observed 12 new apartments entering the market over the last 30 days, up from 8 during the previous 30-day period, with an average advertised asking price of $827,083. The property type mix of listed properties is predominantly Houses at 33%, followed by townhouses (30%), and apartments (20%). The most active agency for apartments in the Varsity Lakes area is currently Harcourts, representing 50% of new listings, followed by Ray White with 42%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.