FOR SALE
$1,970,000 - $2,147,000

8 Observatory Road
Mount Dandenong VIC 3767

Bedrooms: 8
Bathrooms: 5
Car spaces: 6
Land area: 3789m2
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'Observatory Cottages' - Family Residence and Established B&B Business Opportunity.

INSPECTION AVAILABLE BY PRIVATE APPOINTMENT.
Located just under an hour's drive from Melbourne, Observatory Cottages sits on nearly an acre of breathtaking gardens and offers spectacular day-and-night views over the Melbourne skyline. This prized ranges getaway combines serene hills living with a highly profitable income stream from one of the original Bed and Breakfast establishments of The Dandenong Ranges. Walking distance from the iconic SkyHigh Observatory and Restaurant and a short drive to popular tourist attractions, this stunning mountain retreat is perfect for wedding accommodation, functions, romantic weekend getaways or a luxurious private sanctuary.
It's a prime opportunity for a tree change, an idyllic retreat from city life and a unique business opportunity all rolled into one exciting package. Whether you choose to maintain the thriving business or keep this beautiful hideaway for yourself and your closest friends and family, this property is a rare and beautiful gem with immense potential.
The Setting…
With stunning views of Port Phillip Bay and the surrounding suburbs, Observatory Cottages has raving 5-star reviews and benefits from many repeat visitors. Guests often remark that you feel like you can touch the stars from its position atop Mount Dandenong: “It looked like someone had dumped a truckload of gemstones, rubies, sapphires, diamonds and topaz, in random patterns on to a vast black tablecloth.” A truly amazing sight especially in winter when the trees lose their leaves.
The Residence…
The property features an enchanting four-bedroom, dual-storey bluestone residence with two living areas at the end of a long, secluded camelia-lined driveway. Set up for lavish family living complete with a master with bathroom on the ground floor, plus three further bedrooms and a bathroom upstairs, you can reside here and operate the accommodation business as on-site managers, or alternatively market the home to families looking for a getaway in the hills. A one bedroom, 2-storey self-contained suite next door can be rented out or used for a diverse range of family set-ups including multigeneration living.
The Cottages…
Dotted among the grounds are a further three self-contained cottages, each with ambient gas log fires, covered decks and luxurious spa baths adding to the romance, and strategically positioned for garden views or westerly orientations that offer glorious city and sunset vistas. Each cottage is privately positioned so that you’re unlikely to encounter other guests staying at the property.
Spacious, yet cosy, the four cottages all feature their own unique character with enchanting names such as Owls Croft, Windsong, Ironbark and Candlewick that linger in guest’s memories long after they have left the magical estate. Ideal for private rental or Bed and Breakfast-style stays, each cottage has its own private garden showcasing a vivid spectrum of seasonal flora including vast specimens of camelias, rhododendrons and hydrangeas as well as tri-colour beech and towering tree ferns.
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Property Details for 8 Observatory Rd, Mount Dandenong

8 Observatory Rd, Mount Dandenong is a 8 bedroom, 5 bathroom House with 6 parking spaces. The property has a land size of 3789m2. The place is currently for sale with Bell Real Estate - OLINDA.

Building Type
House
Land Size
3789m2

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About Mount Dandenong 3767

The size of Mount Dandenong is approximately 7.9 square kilometres. It has 12 parks covering nearly 128% of total area. The population of Mount Dandenong in 2011 was 1,237 people. By 2016 the population was 1,226 showing a population decline of 0.9% in the area during that time. The predominant age group in Mount Dandenong is 60-69 years. Households in Mount Dandenong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Dandenong work in a professional occupation. In 2011, 87.3% of the homes in Mount Dandenong were owner-occupied compared with 89.3% in 2016.

Mount Dandenong has 624 properties. Over the last 5 years, Houses in Mount Dandenong have seen a 33.75% increase in median value, while Units have seen a 74.48% increase. As at 31 October 2024:

  • The median value for Houses in Mount Dandenong is $1,037,411 while the median value for Units is $889,251.
  • Houses have a median rent of $515.
There are currently 10 properties listed for sale, and no properties listed for rent in Mount dandenong on OnTheHouse. According to CoreLogic's data, 24 properties were sold in the past 12 months in Mount dandenong.

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Jo Hirst
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Corinne Sukroo
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