OFF MARKET

3 Russell Street
Mccrae VIC 3938

Bedrooms: 5
Bathrooms: 4
Car spaces: 10
Floor area: 202m2
Land area: 1510m2
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Property Details for 3 Russell St, Mccrae

3 Russell St, Mccrae is a 5 bedroom, 4 bathroom House with 10 parking spaces. The property has a land size of 1510m2 and floor size of 202m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
House
Floor Size
202m2
Land Size
1510m2
Local Government
Mornington Peninsula
Lot/Plan
37~A/LP8466

Last Listing description (March 2023)

2 Independent Dwellings

This simply stunning mid century built solid Limestone home sits above all others for style and floor plan, comprising 2 separate dwellings, and all set on a magnificent 1509 m2 prime piece of land.
Once in a Lifetime a home comes along that rewrites all of the rules for true luxury and opulence.

Downstairs the main home offers a grand formal living room with an open fireplace, separate dining room, three bedrooms, two bathrooms ,and a true chef's delight kitchen. Upstairs is just perfect for adults to create their own privacy zone with their own bathroom, bedroom and TV room. The living area leads to the most impressive la terrazza in all of McCrae - Dromana complete with Pizza oven and BBQ perfect for unwinding with a vino or beer after a day at the beach. Large enough to host the grandest of parties.
The two dwellings combined offer endless opportunities, such as live in one and permanently rent the other, use both dwellings for your family as they are totally independent of each other, short stay one of the properties whilst you live in the other, or if this is going to be used as a holiday home, short stay both dwellings and watch your bank balance increase dramatically with the potential income from both being in the $ tens of thousands of dollars per year
The second dwelling is as impressive as the main home, a gorgeous kitchen, meals area and 2 separate living rooms, plus one bedroom and one bathroom. It would be simple to create a second bedroom with the inexpensive addition of a plaster wall.
This home has the added advantage for wheelchair and disabled access, the garage at the side of the home is open to the rear garden and has got a concrete ramp directly leading to the back of the house and into the single storey dwelling.
It is immediately obvious the moment you step foot on the superb and beautifully manicured grounds that this property has been built almost entirely without cost being a consideration. Constructed from solid limestone blocks, the grand entrance welcomes you to a world like no other. The workmanship and detail that has gone into the construction of this masterpiece is highlighted by the marble staircase and is truly a work of art

-1509 m2
- Separate artist studio
-Large multi purpose shed
- External toilet
- Perfectly manicured mature garden
- One family, 2 homes
- Parking for at least 10 cars
INSPECTION BY APPOINTMENT, BOOK YOURS NOW!

Property History for 3 Russell St, Mccrae, VIC 3938

A timeline of how this property has performed in the market
Last Sold
$1,520,000
05 Mar 2023
  • 05 Mar 2023
    Sold for $1,520,000
  • 08 Nov 2022
    Listed for Sale $1,700,000 - $1,850,000
  • 12 Apr 2022
    Listed for Sale $2,000,000 - $2,200,000
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About Mccrae 3938

The size of Mccrae is approximately 4.3 square kilometres. It has 8 parks covering nearly 23.8% of total area. The population of Mccrae in 2011 was 2,543 people. By 2016 the population was 2,836 showing a population growth of 11.5% in the area during that time. The predominant age group in Mccrae is 60-69 years. Households in Mccrae are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mccrae work in a professional occupation. In 2011, 80.4% of the homes in Mccrae were owner-occupied compared with 77% in 2016.

Mccrae has 2,529 properties. Over the last 5 years, Houses in Mccrae have seen a 42.65% increase in median value, while Units have seen a 29.18% increase. As at 31 August 2024:

  • The median value for Houses in Mccrae is $1,008,910 while the median value for Units is $806,609.
  • Houses have a median rent of $650 while Units have a median rent of $520.
There are currently 24 properties listed for sale, and 3 properties listed for rent in Mccrae on OnTheHouse. According to CoreLogic's data, 85 properties were sold in the past 12 months in Mccrae.

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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.