SOLD
Sold on 13 Aug 2024 for $1,600,000

12 Magnolia Court
Rye VIC 3941

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 290m2
Land area: 534m2
Sold By
Jellis Craig Rye
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Property Details for 12 Magnolia Ct, Rye

12 Magnolia Ct, Rye is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 2021. The property has a land size of 534m2 and floor size of 290m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 5 bedroom House sold in Rye in the last 12 months.

Building Type
House
Year Built
2021
Floor Size
290m2
Land Size
534m2
Local Government
Mornington Peninsula
Lot/Plan
16/LP112292

Last Listing description (August 2024)

Only meters from the Tyrone Foreshore, exhibiting impeccable presentation and premium finishes, this modern home is the full package. Set in a peaceful cu-de-sac, a short stroll from popular Tyrone foreshore, the lifestyle property complete with enticing heated pool, spa, sheltered alfresco terrace and beautifully landscaped garden, is the perfect escape.
Designed to accommodate the practicalities of family life and provide abundant space to entertain guests, the desirable floorplan offers multiple living zones and seamless indoor-outdoor connection via multiple broad, stackable sliding doors. Spanning two generous levels, the palatial retreat includes, five bedrooms with built-in robes (two with deluxe ensuites), dual living areas, large home office/multipurpose room, two powder rooms, family bathroom and large laundry providing the ultimate in comfort and splendour. Additional inclusions: expansive glass windows, high ceilings, double lockup garage, Smeg appliances, ducted heating/cooling, gas log fire and ample storage.

Property History for 12 Magnolia Ct, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$1,600,000
13 Aug 2024
  • 13 Aug 2024
    Sold for $1,600,000
  • 09 Apr 2024
    Listed for Sale $1,650,000 - $1,750,000
  • 03 Sep 2019
    Sold for $535,000
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About Rye 3941

The size of Rye is approximately 17.7 square kilometres. It has 16 parks covering nearly 14.3% of total area. The population of Rye in 2011 was 8,159 people. By 2016 the population was 8,423 showing a population growth of 3.2% in the area during that time. The predominant age group in Rye is 60-69 years. Households in Rye are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rye work in a trades occupation. In 2011, 72.7% of the homes in Rye were owner-occupied compared with 71.6% in 2016.

Rye has 10,020 properties. Over the last 5 years, Houses in Rye have seen a 46.19% increase in median value, while Units have seen a 40.55% increase. As at 30 November 2024:

  • The median value for Houses in Rye is $1,033,885 while the median value for Units is $697,628.
  • Houses have a median rent of $595 while Units have a median rent of $480.
There are currently 83 properties listed for sale, and 12 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 342 properties were sold in the past 12 months in Rye.

Suburb Insights for Rye 3941

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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.