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.

11 Grenada Court

Sold 12 June 2026 · 0.48 km away

Sold for

$1,350,000

Adjusted to this home

$1,333,618

What we added and subtracted to make this sale comparable to 55 South Bay Drive
Micro-location	this home 0.092 · comparable 0.1321	−$43,308
Distance to beach	this home 4.17 km · comparable 4.65 km	+$8,554
Floor area	this home 126 m² · comparable 118.7 m²	+$7,394
Year built	this home 2010 · comparable 2002	+$4,826
Land size	this home 306 m² · comparable 295 m²	+$3,599
Cladding	this home 3 · comparable 2	+$2,553
Net adjustment		−$16,382

A further 11 factors were compared and found the same on both properties, so no money moved.

15 Comore Drive

Sold 16 January 2026 · 0.37 km away

Sold for

$1,350,000

Adjusted to this home

$1,340,438

What we added and subtracted to make this sale comparable to 55 South Bay Drive
Condition	this home 8 · comparable 6	+$108,000
Floor area	this home 126 m² · comparable 184 m²	−$58,742
Land size	this home 306 m² · comparable 423 m²	−$38,282
Bedrooms	this home 3 · comparable 4	−$29,953
Micro-location	this home 0.092 · comparable 0.0738	+$19,656
Street	this home 0.064 · comparable 0.0785	−$15,660
Year built	this home 2010 · comparable 2002	+$4,826
Cladding	this home 3 · comparable 2	+$2,553
Distance to beach	this home 4.17 km · comparable 4.06 km	−$1,960
Net adjustment		−$9,562

A further 9 factors were compared and found the same on both properties, so no money moved.

28 Pristine Court

Sold 8 October 2026 · 0.62 km away

Sold for

$1,170,000

Adjusted to this home

$1,228,510

What we added and subtracted to make this sale comparable to 55 South Bay Drive
Street	this home 0.064 · comparable -0.0146	+$73,570
Pool	this home 0 · comparable 1	−$64,000
Micro-location	this home 0.092 · comparable 0.0342	+$54,101
Condition	this home 8 · comparable 7	+$46,800
Land size	this home 306 m² · comparable 414 m²	−$35,338
Floor area	this home 126 m² · comparable 141.71 m²	−$15,911
Distance to beach	this home 4.17 km · comparable 3.54 km	−$12,313
Year built	this home 2010 · comparable 1995	+$9,048
Cladding	this home 3 · comparable 2	+$2,553
Net adjustment		+$58,510

A further 9 factors were compared and found the same on both properties, so no money moved.

6 Pristine Court

Sold 30 June 2026 · 0.49 km away

Sold for

$1,220,000

Adjusted to this home

$1,319,193

What we added and subtracted to make this sale comparable to 55 South Bay Drive
Micro-location	this home 0.092 · comparable 0.0126	+$77,494
Street	this home 0.064 · comparable -0.0146	+$76,714
Land size	this home 306 m² · comparable 426 m²	−$39,264
Floor area	this home 126 m² · comparable 143.96 m²	−$18,190
Distance to beach	this home 4.17 km · comparable 3.68 km	−$9,765
Year built	this home 2010 · comparable 1994	+$9,651
Cladding	this home 3 · comparable 2	+$2,553
Net adjustment		+$99,193

A further 11 factors were compared and found the same on both properties, so no money moved.

3 Dorothy Place

Sold 27 March 2026 · 0.59 km away

Sold for

$1,300,000

Adjusted to this home

$1,352,447

What we added and subtracted to make this sale comparable to 55 South Bay Drive
Condition	this home 8 · comparable 6	+$104,000
Pool	this home 0 · comparable 1	−$64,000
Micro-location	this home 0.092 · comparable 0.0479	+$45,864
Land size	this home 306 m² · comparable 410 m²	−$34,029
Year built	this home 2010 · comparable 1995	+$9,048
Distance to beach	this home 4.17 km · comparable 3.81 km	−$7,363
Floor area	this home 126 m² · comparable 129.58 m²	−$3,626
Cladding	this home 3 · comparable 2	+$2,553
Net adjustment		+$52,447

A further 9 factors were compared and found the same on both properties, so no money moved.

14 Windemere Crescent

Sold 10 March 2026 · 0.61 km away

Sold for

$1,350,000

Adjusted to this home

$1,304,878

What we added and subtracted to make this sale comparable to 55 South Bay Drive
Water views	this home 0 · comparable 1	−$170,986
Micro-location	this home 0.092 · comparable 0.0348	+$61,776
Condition	this home 8 · comparable 7	+$54,000
Street	this home 0.064 · comparable 0.0323	+$34,236
Land size	this home 306 m² · comparable 400 m²	−$30,757
Year built	this home 2010 · comparable 2002	+$4,826
Floor area	this home 126 m² · comparable 123.36 m²	+$2,674
Distance to beach	this home 4.17 km · comparable 4.12 km	−$891
Net adjustment		−$45,122

A further 10 factors were compared and found the same on both properties, so no money moved.

31 Roundelay Drive

Sold 30 July 2026 · 0.59 km away

Sold for

$1,380,000

Adjusted to this home

$1,449,327

What we added and subtracted to make this sale comparable to 55 South Bay Drive
Street	this home 0.064 · comparable -0.023	+$96,048
Micro-location	this home 0.092 · comparable 0.0311	+$67,234
Land size	this home 306 m² · comparable 420 m²	−$37,301
Bedrooms	this home 3 · comparable 4	−$29,953
Floor area	this home 126 m² · comparable 151.3 m²	−$25,624
Distance to beach	this home 4.17 km · comparable 3.59 km	−$13,281
Year built	this home 2010 · comparable 1994	+$9,651
Cladding	this home 3 · comparable 2	+$2,553
Net adjustment		+$69,327

A further 10 factors were compared and found the same on both properties, so no money moved.

4 Pascali Court

Sold 5 August 2026 · 0.50 km away

Sold for

$1,150,000

Adjusted to this home

$1,308,278

What we added and subtracted to make this sale comparable to 55 South Bay Drive
Street	this home 0.064 · comparable -0.0364	+$92,368
Condition	this home 8 · comparable 6	+$92,000
Micro-location	this home 0.092 · comparable 0.0123	+$73,324
Pool	this home 0 · comparable 1	−$64,000
Land size	this home 306 m² · comparable 423 m²	−$38,282
Distance to beach	this home 4.17 km · comparable 3.67 km	−$9,411
Year built	this home 2010 · comparable 1995	+$9,048
Cladding	this home 3 · comparable 2	+$2,553
Floor area	this home 126 m² · comparable 125.33 m²	+$678
Net adjustment		+$158,278

A further 9 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 55 South Bay 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 55 South Bay 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

16 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 →

55 South Bay Drive

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

11 Grenada Court

15 Comore Drive

28 Pristine Court

6 Pristine Court

3 Dorothy Place

14 Windemere Crescent

31 Roundelay Drive

4 Pascali Court

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 55 South Bay Drive sit?