FOR SALE
$2,595,000 - $2,795,000

115 The Terrace
Ocean Grove VIC 3226

Bedrooms: 5
Bathrooms: 3
Car spaces: 4
Land area: 815m2
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Inner Village Oasis with Resort Style Entertaining

A residence of unrivalled sophistication perched on the doorstep of the Ocean Grove town centre, this architecturally designed haven celebrates refined family living with intuitively crafted indoor and outdoor spaces capable of accommodating large and multigenerational families in style.
Situated across an 815sqm (approx.) allotment, this Stringer Homes built property boasts a prestigious inner village address, just 300m to retail, cafes, and restaurants, and 400m to the beach.
This family sanctuary embraces a luxurious main dwelling with self-contained living across two levels, plus swimming pool, spa, and separate self-contained pool house, to firmly establish its significant lifestyle advantages and substantial entertaining credentials.
Under high ceilings and flooded with natural light from its north-to-rear aspect, a ground floor family hub with stone kitchen spills outwards to alfresco entertaining, where the solar and gas heated pool and spa present the perfect space for year-round laidback living.
Journeying upstairs you’ll discover a blissful haven, highlighted by an open plan living hub oriented to capture a sweeping coastal outlook. Take in the views from the granite kitchen, fitted with a 900mm cooks freestanding oven/stove cooker and generous walk in panty, while an elevated balcony is the perfect spot for soaking up the serene sea vistas.
Offering a sumptuous retreat for its occupants, the exceptional sleeping accommodation comprises four bedrooms, including the sumptuous first-floor main suite appointed with huge walk-in robe, twin vanity ensuite with double walk-around shower, and private balcony access. Three further robed bedrooms – the front with ocean views – are zoned to the ground floor, adjoining a plush family bathroom and separate powder room.
Continuing the exacting standard, a theatre room comes complete with 82inch Samsung Cinema 4K Smart TV, Yamaha surround sound system and Milan designer seating for 10. A large home office offers versatility to be utilised as a fifth bedroom, while the freestanding pool house includes its own kitchen, bathroom, and evaporative cooling.
There’s ample off-street parking with a double garage with convenient pull-through access for additional vehicles, plus a further single garage currently in use as a home gym. Further complements include an under-stair cellar with wine storage for 480 bottles, central heating, 5 x split system units, generous rear workshop, Wi-Fi operated smart alarm system, intercom, and fully landscaped gardens with LED lighting.
Utilising designer furniture and professionally styled interiors that gracefully complement its coastal setting, the home is being sold fully furnished, presenting an outstanding turnkey opportunity to capitalise on an estimated $200,000+ per annum in short-term rental returns.
Located in the highly coveted Ocean Grove Growth Zone, 115 allows for third level and rooftop expansion, further adding to the long-term appeal of this luxurious home.
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Property Details for 115 The Terrace, Ocean Grove

115 The Terrace, Ocean Grove is a 5 bedroom, 3 bathroom House with 4 parking spaces. The property has a land size of 815m2. The place is currently for sale with RT Edgar Ocean Grove.

Building Type
House
Land Size
815m2

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About Ocean Grove 3226

The size of Ocean Grove is approximately 18.5 square kilometres. It has 22 parks covering nearly 16.5% of total area. The population of Ocean Grove in 2011 was 12,555 people. By 2016 the population was 14,161 showing a population growth of 12.8% in the area during that time. The predominant age group in Ocean Grove is 0-9 years. Households in Ocean Grove are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ocean Grove work in a professional occupation. In 2011, 75.8% of the homes in Ocean Grove were owner-occupied compared with 76.1% in 2016.

Ocean Grove has 11,293 properties. Over the last 5 years, Houses in Ocean Grove have seen a 36.81% increase in median value, while Units have seen a 21.01% increase. As at 31 October 2024:

  • The median value for Houses in Ocean Grove is $991,968 while the median value for Units is $770,658.
  • Houses have a median rent of $580 while Units have a median rent of $520.
There are currently 175 properties listed for sale, and 17 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 384 properties were sold in the past 12 months in Ocean grove.

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Brock Grainger
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Brilee Stephenson
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RT Edgar Ocean Grove
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