Lake Drive in Karaka has 20 properties, valued by the council between $1,350,000 and $1,875,000 with a median of $1,525,000 (Karaka: $1,140,000). Most of its homes were built in the 2000s. We estimate its homes at a median $1,475,000. 4 sold in the last twelve months, for a median $1,517,500. The highest sale in 2026 was 20 Lake Drive, at $1,575,000.
Highest-valued home12 Lake Drive$1,875,000council valuation · 5 bed · 346 m² floor · 598 m² land
Lowest-valued home25 Lake Drive$1,350,000council valuation · 5 bed · 243 m² floor · 674 m² land
Highest sale in 202620 Lake Drive$1,575,000sold 10 Jun 2026 · 5 bed · 242 m² floor · 620 m² land
Property values on Lake Drive
The council values Lake Drive's 20 rated properties between $1,350,000 and $1,875,000. The middle half sit between about $1,437,500 and $1,555,000; the median is $1,525,000 and the mean $1,536,250.
Bedrooms
Homes
Median council value
Sold, last 12 months
Median sale
3
2
$1.45m
0
—
4
9
$1.52m
2
—
5+
9
$1.52m
2
—
Council rating valuations: the council's figure for apportioning rates, not a market appraisal.
Lake Drive compared with Karaka
Lake Drive's median council value is 34% above Karaka's.