A sale down the road is not evidence until it is adjusted for how it differs from this home. Here is each sale we used, what we changed, and by how much.

4 Barbie Avenue

Sold 5 August 2026 · 0.86 km away

Sold for

$1,515,000

Adjusted to this home

$1,550,938

What we added and subtracted to make this sale comparable to 3 Mindelo Drive
Condition	this home 7 · comparable 9	−$151,500
Floor area	this home 279 m² · comparable 151 m²	+$117,248
Micro-location	this home 0.1141 · comparable 0.0574	+$68,720
Pool	this home 0 · comparable 1	−$64,000
Bathrooms	this home 3 · comparable 2	+$52,000
Bedrooms	this home 5 · comparable 4	+$35,842
Distance to beach	this home 4.78 km · comparable 3.98 km	−$16,144
Cladding	this home 3 · comparable 4	−$12,828
Year built	this home 2002 · comparable 1999	+$10,128
Land size	this home 500 m² · comparable 570 m²	−$3,528
Net adjustment		+$35,938

A further 7 factors were compared and found the same on both properties, so no money moved.

13 Saint Paul Crescent

Sold 31 August 2026 · 0.36 km away

Sold for

$1,590,000

Adjusted to this home

$1,499,238

What we added and subtracted to make this sale comparable to 3 Mindelo Drive
Condition	this home 7 · comparable 9	−$159,000
Car spaces	this home 4 · comparable 2	+$64,000
Bathrooms	this home 3 · comparable 2	+$52,000
Micro-location	this home 0.1141 · comparable 0.15	−$45,665
Floor area	this home 279 m² · comparable 241.24 m²	+$34,588
Storeys	this home 1 · comparable 2	−$28,533
Distance to beach	this home 4.78 km · comparable 4.43 km	−$7,346
Year built	this home 2002 · comparable 2003	−$3,376
Land size	this home 500 m² · comparable 449 m²	+$2,570
Net adjustment		−$90,762

A further 8 factors were compared and found the same on both properties, so no money moved.

49 Lantau Crescent

Sold 21 January 2026 · 0.31 km away

Sold for

$1,475,000

Adjusted to this home

$1,556,668

What we added and subtracted to make this sale comparable to 3 Mindelo Drive
Condition	this home 7 · comparable 9	−$147,500
Floor area	this home 279 m² · comparable 176.74 m²	+$93,670
Car spaces	this home 4 · comparable 2	+$64,000
Pool	this home 0 · comparable 1	−$64,000
Bathrooms	this home 3 · comparable 2	+$52,000
Micro-location	this home 0.1141 · comparable 0.0831	+$36,580
Bedrooms	this home 5 · comparable 4	+$35,842
Distance to beach	this home 4.78 km · comparable 5.09 km	+$6,036
Land size	this home 500 m² · comparable 400 m²	+$5,040
Net adjustment		+$81,668

A further 8 factors were compared and found the same on both properties, so no money moved.

40 Gerona Circuit

Sold 26 May 2026 · 0.30 km away

Sold for

$1,410,000

Adjusted to this home

$1,609,849

What we added and subtracted to make this sale comparable to 3 Mindelo Drive
Floor area	this home 279 m² · comparable 188 m²	+$83,356
Car spaces	this home 4 · comparable 2	+$64,000
Pool	this home 0 · comparable 1	−$64,000
Bathrooms	this home 3 · comparable 2	+$52,000
Bedrooms	this home 5 · comparable 4	+$35,842
Micro-location	this home 0.1141 · comparable 0.0943	+$22,334
Land size	this home 500 m² · comparable 400 m²	+$5,040
Distance to beach	this home 4.78 km · comparable 5.03 km	+$4,653
Year built	this home 2002 · comparable 2003	−$3,376
Net adjustment		+$199,849

A further 8 factors were compared and found the same on both properties, so no money moved.

5 Palma Crescent

Sold 27 March 2026 · 0.40 km away

Sold for

$1,395,000

Adjusted to this home

$1,455,433

What we added and subtracted to make this sale comparable to 3 Mindelo Drive
Water views	this home 0 · comparable 1	−$173,408
Floor area	this home 279 m² · comparable 172.46 m²	+$97,590
Car spaces	this home 4 · comparable 2	+$64,000
Condition	this home 7 · comparable 8	−$55,800
Bathrooms	this home 3 · comparable 2	+$52,000
Bedrooms	this home 5 · comparable 4	+$35,842
Micro-location	this home 0.1141 · comparable 0.0871	+$30,132
Land size	this home 500 m² · comparable 350 m²	+$7,560
Distance to beach	this home 4.78 km · comparable 5.1 km	+$5,893
Year built	this home 2002 · comparable 2003	−$3,376
Net adjustment		+$60,433

A further 7 factors were compared and found the same on both properties, so no money moved.

13 Kodiak Drive

Sold 24 August 2026 · 0.19 km away

Sold for

$1,820,000

Adjusted to this home

$1,657,346

What we added and subtracted to make this sale comparable to 3 Mindelo Drive
Condition	this home 7 · comparable 9	−$182,000
Floor area	this home 279 m² · comparable 202.99 m²	+$69,625
Pool	this home 0 · comparable 1	−$64,000
Bedrooms	this home 5 · comparable 4	+$35,842
Car spaces	this home 4 · comparable 3	+$32,000
Storeys	this home 1 · comparable 2	−$28,533
Micro-location	this home 0.1141 · comparable 0.1255	−$16,598
Land size	this home 500 m² · comparable 640 m²	−$7,056
Year built	this home 2002 · comparable 2003	−$3,376
Distance to beach	this home 4.78 km · comparable 4.84 km	+$1,442
Net adjustment		−$162,654

A further 7 factors were compared and found the same on both properties, so no money moved.

73 Azzurra Drive

Sold 10 February 2026 · 0.50 km away

Sold for

$1,730,000

Adjusted to this home

$1,585,187

What we added and subtracted to make this sale comparable to 3 Mindelo Drive
Condition	this home 7 · comparable 9	−$173,000
Floor area	this home 279 m² · comparable 201.57 m²	+$70,926
Car spaces	this home 4 · comparable 2	+$64,000
Pool	this home 0 · comparable 1	−$64,000
Bathrooms	this home 3 · comparable 2	+$52,000
Micro-location	this home 0.1141 · comparable 0.15	−$49,686
Storeys	this home 1 · comparable 2	−$28,533
Year built	this home 2002 · comparable 2005	−$10,128
Distance to beach	this home 4.78 km · comparable 4.35 km	−$9,819
Land size	this home 500 m² · comparable 432 m²	+$3,427
Net adjustment		−$144,813

A further 7 factors were compared and found the same on both properties, so no money moved.

56 Southlake Drive

Sold 21 July 2026 · 1.04 km away

Sold for

$1,660,000

Adjusted to this home

$1,765,290

What we added and subtracted to make this sale comparable to 3 Mindelo Drive
Condition	this home 7 · comparable 9	−$166,000
Floor area	this home 279 m² · comparable 133 m²	+$133,736
Micro-location	this home 0.1141 · comparable 0.0447	+$92,163
Pool	this home 0 · comparable 1	−$64,000
Bathrooms	this home 3 · comparable 2	+$52,000
Bedrooms	this home 5 · comparable 4	+$35,842
Car spaces	this home 4 · comparable 3	+$32,000
Year built	this home 2002 · comparable 1993	+$30,384
Distance to beach	this home 4.78 km · comparable 3.76 km	−$24,262
Air conditioning	this home 0 · comparable 1	−$20,000
Land size	this home 500 m² · comparable 432 m²	+$3,427
Net adjustment		+$105,290

A further 6 factors were compared and found the same on both properties, so no money moved.

We are not claiming to be more accurate than anyone else. We are showing you the sales, the adjustments and the band they produce, so you can judge the number yourself.

Will Simpson, Fields Real Estate — Will SimpsonFields Real Estate

Your market update

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 3 Mindelo Drive sit?

Gold Coast homes listed for 60 to 180 days rose from 1,288 in March to 2,618 in August (SQM Research). A rising count of homes sitting unsold has historically been associated with downward pressure on asking prices.

But property markets do not move as one—and neither do individual homes.

We traced the estimated value of 3 Mindelo Drive over the past 18 months, compared it with Varsity Lakes’s wider market, and examined the indicators most likely to reveal what happens next.

Market intelligence

7 reports

Varsity Lakes

Should I Sell Now?

Absorption Rate: 2.2 months

Varsity Lakes

Is Now a Good Time to Buy?

12-Month Median Sale Price: $1,400,000 (90% CI $1,357,500 to $1,445,000; n=130)

Varsity Lakes

Crash Risk

12-Month Median Price (Varsity Lakes): $1,400,000 (90% CI $1,357,500–$1,445,000, n=130)

Varsity Lakes

Market Overview

12-Month Median Sale Price: $1,400,000 (90% CI $1,357,500 to $1,445,000; n=130)

Varsity Lakes

Houses vs Units

Asking Price Spread, Houses Vs Units: $521,294 ($1,442,508 houses vs $921,214 units, as at 2026-09-25)

Varsity Lakes

Market Direction

12-Month Median Price: $1,400,000 (90% CI $1,357,500 to $1,445,000, n=130)

Varsity Lakes

Suburb Comparison

12-Month Median Price: $1,400,000 (90% CI $1,357,500 to $1,445,000, n=130)

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Reports for this address

Valuation Report

The full comparable-sales assessment for this home — the evidence, adjustment grid and reconciliation behind the range. The same report you can open above.

Property Positioning Report

The document we prepare before a home goes to market — valuation evidence, comparables and market position, with a cover prepared for this address.

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Market Update Report

The recent nearby sales adjusted to this home, weighed against the national headlines — the same report you can open above.

Why I built Fields

Will Simpson · 84 seconds

If you sold today

19 houses are already on the market in Varsity Lakes.

See the homes buyers can choose from — and the market your home would enter.

See houses for sale in Varsity Lakes →See the Varsity Lakes property market →

3 Mindelo Drive

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

4 Barbie Avenue

13 Saint Paul Crescent

49 Lantau Crescent

40 Gerona Circuit

5 Palma Crescent

13 Kodiak Drive

73 Azzurra Drive

56 Southlake Drive

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 3 Mindelo Drive sit?