25 Panorama CrescentMarengo VIC 3233
Property Details for 25 Panorama Cres, Marengo
Last Listing description (October 2023)
There is nothing else like this property in Marengo, nor is there likely to be for many years to come.
Panorama Crescent is one of the most sought after streets in Marengo with its breathtaking, elevated views, this vacant allotment of approx. 1057sqm is sure to capture your imagination.
With its south westerly orientation you will be able to sit and admire the ocean for hours, and be bedazzled as the seasons change.
With the Great Ocean Walk on your door step and a reserve next door your views will last a lifetime. Here is your exciting opportunity to build your dream holiday or permanent home among some superb other million dollar plus investments, or keep as a secure investment for the future. This tightly held strip on Panorama Crescent is prime real estate for good reason.
The Facts:
Last vacant allotment on the low side of Panorama Crescent
Exceptional 180 degree views
Direct easement access to the beach
Land size 1057m2 (approx.)
Approved architecturally designed house plans
Views to last a lifetime
This is a truly exceptional opportunity to secure the last vacant block of land on the low side of Panorama Crescent with nothing between you and the beach except the Great Ocean walk. The breathtaking 180 degree ocean and coastal panorama can never be built out.
Property History for 25 Panorama Cres, Marengo, VIC 3233
- 09 Nov 2023Sold for $1,850,000
- 20 Sep 2022Listed for Sale $1,490,000
- 06 Mar 2018Sold for $640,000
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About Marengo 3233
The size of Marengo is approximately 2.7 square kilometres. It has 3 parks covering nearly 8.1% of total area. The population of Marengo in 2011 was 222 people. By 2016 the population was 229 showing a population growth of 3.2% in the area during that time. The predominant age group in Marengo is 60-69 years. Households in Marengo are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Marengo work in a trades occupation. In 2011, 84.4% of the homes in Marengo were owner-occupied compared with 65% in 2016.
Marengo has 357 properties. Over the last 5 years, Houses in Marengo have seen a 48.79% increase in median value, while Units have seen a -9.99% decrease. As at 31 October 2024:
- The median value for Houses in Marengo is $1,147,316 while the median value for Units is $421,124.
- Houses have a median rent of $280.
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