3/4 Ben Lexcen Place, Robina QLD 4226

Waterfront courtyard apartment | Rare ground-floor resort living | 707m² lot | Dual parking | Varsity College catchment The property occupies an unusual position in the Robina market: a ground-floor courtyard apartment on a 707m² lot within a resort-style security building, which is structurally rare for this precinct. The private courtyard and direct waterfront access give it the feel of a small house without the land maintenance, making it suitable for downsizers seeking space without stairs, or investors targeting the premium rental bracket. The two-car accommodation including a garage is a practical advantage over most apartments in this price tier, and the Varsity College catchment adds a demographic floor to demand. The primary risk is the flood overlay, which may affect insurance premiums and resale velocity in a soft market. The conflicting valuation signals—$961,000 versus a $650,000 midpoint—suggest the property may be overpriced relative to recent sales evidence, particularly the $736,000 transaction in 2024. A buyer should treat the list price as aspirational and negotiate toward the mid-$800,000s. The rental estimate of $900 per week supports a gross yield near 5% at a corrected price, which is respectable for the Gold Coast. Hold this property as a lock-and-leave waterfront residence or a stable income asset, not for short-term capital growth.