OFF MARKET

701 Point Nepean Road
Mccrae VIC 3938

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 272m2
Land area: 481m2
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Property Details for 701 Point Nepean Rd, Mccrae

701 Point Nepean Rd, Mccrae is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 2020. The property has a land size of 481m2 and floor size of 272m2. While the property is not currently for sale or for rent, it was last sold in May 2020.

Building Type
House
Year Built
2020
Floor Size
272m2
Land Size
481m2
Local Government
Mornington Peninsula
Lot/Plan
2/PS824151

Last Listing description (June 2020)

Amazing opportunity for an astute investor to receive a guaranteed rental return of 5% for two years.
Commanding a prized position across from the beach, this brand new residence combines luxury living with state-of-the-art technology. A collaboration between multi award-winning design studio, Vibe Design Group and Master Builder Award winners, Icon Synergy, the stunning homes offer an exceptional lifestyle just a short walk to McCraes shops, restaurants and cafes.
The newly completed property is ideal for outdoor living with sun-drenched entertaining deck and Smartphone controlled solar-heated, self-cleaning swimming pool. It also offers secure parking with a vehicle turntable and remote double garage with epoxy flooring.

The light-filled interior showcases bespoke finishes including engineered European Oak floors, Italian tiles, wool carpets, Caesarstone benchtops and 2-pac cabinets with soft-closing drawers. A Jetmaster gas fireplace forms a centrepiece in the open-plan lounge/dining area, while the gourmet kitchen contains a butlers pantry, waterfall island and Miele appliances including a 90cm gas cooktop, oven and integrated refrigerator, freezer and dishwasher.
The spacious, double-storey design comprises 4 bedrooms and 3 bathrooms including 2 master retreats one on entry level and another upstairs with a balcony. A 2nd living area, 2 further bedrooms and a central bathroom are also situated on the second storey. The home also includes a study area, powder room, laundry, remote-operated zoned heating/cooling and LED lighting throughout. Other highlights include double-glazed windows, a security alarm, intercom and spotted gum decks and faade features.
Privately positioned on low-maintenance 468m2 allotment with automatic irrigated gardens, it offers unparalleled living for those seeking a permanent abode or an exclusive seaside escape.

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Property History for 701 Point Nepean Rd, Mccrae, VIC 3938

A timeline of how this property has performed in the market
Last Sold
$1,790,000
29 May 2020
  • 29 May 2020
    Sold for $1,790,000
  • 08 Jun 2019
    Listed for Sale Not Disclosed

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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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