FOR SALE
$2,200,000

7-9 Steele Street
Cowes VIC 3922

Bedrooms: 7
Bathrooms: 6
Car spaces: 7
Land area: 1286m2
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An Iconic Property With An Unparalleled Lifestyle Opportunity

This iconic property, The Castle Villa By The Sea, situated in a coveted position just metres to the magnificent north facing bay beach and Cowes shopping precinct, has been in the same family for over 30 years and is now ready to welcome new owners to create their own memories and enjoy it's timeless charm with endless opportunities. Nestled on a substantial allotment of approximately 1286 square metres with an approximate 35 metre wide frontage, this seven bedroom, six bathroom residence occupies an exquisite location with an understated yet undeniable charm.
A Mediterranean inspired facade complimented by lush fully landscaped gardens introduce an elegant interior on the lower level featuring a family-oriented layout boasting two separate living spaces and a central formal dining area that flows through French doors to a covered outdoor entertaining space with a gabled ceiling.
A shared centrally located kitchen, including a walk in pantry, featuring a 900mm stainless steel upright Cooker and a commercial dishwasher allows you to cater to all needs, enhancing the appeal for those who enjoy hosting.
Ascend the stairs from the ground floor keyless entry to the first floor where this incredibly accommodating property provides three separate suites each with their own ensuite and outdoor terrace, creating an excellent opportunity to derive holiday rental income.
A separate garden cottage adds to the potential for additional income or alternatively could be a great option for a family member.
The property's versatility is impressive, having previously served as a restaurant, wedding venue, art gallery, a guest house and much more. With it's endless possibilities, this presents an incredible opportunity.
This highly desirable property offers an unparalleled lifestyle opportunity.
Additional features include two combustion heaters, split system heating and cooling throughout, fireplace, privacy, tranquil surrounds, laundry room, store room, two studies and a separate artist studio.
Inspection By Appointment Only
This property in Cowes is proudly presented to you by Ray White Phillip Island.
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Property Details for 7-9 Steele St, Cowes

7-9 Steele St, Cowes is a 7 bedroom, 6 bathroom House with 7 parking spaces. The property has a land size of 1286m2. The place is currently for sale with Ray White Phillip Island.

Building Type
House
Land Size
1286m2

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About Cowes 3922

The size of Cowes is approximately 20.7 square kilometres. It has 20 parks covering nearly 6.7% of total area. The population of Cowes in 2011 was 4,053 people. By 2016 the population was 4,832 showing a population growth of 19.2% in the area during that time. The predominant age group in Cowes is 60-69 years. Households in Cowes are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cowes work in a trades occupation. In 2011, 63.7% of the homes in Cowes were owner-occupied compared with 65.4% in 2016.

Cowes has 7,906 properties. Over the last 5 years, Houses in Cowes have seen a 37.23% increase in median value, while Units have seen a 51.42% increase. As at 31 October 2024:

  • The median value for Houses in Cowes is $725,515 while the median value for Units is $553,448.
  • Houses have a median rent of $480 while Units have a median rent of $430.
There are currently 119 properties listed for sale, and 13 properties listed for rent in Cowes on OnTheHouse. According to CoreLogic's data, 229 properties were sold in the past 12 months in Cowes.

Suburb Insights for Cowes 3922

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Sam Clark
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Miea Jolly
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Ray White Phillip Island
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.