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Sold on 02 Jul 2024 for $1,000,000

39 Observation Drive
Rye VIC 3941

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 715m2
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Property Details for 39 Observation Dr, Rye

39 Observation Dr, Rye is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 715m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom House sold in Rye in the last 12 months.

Building Type
House
Land Size
715m2
Local Government
Mornington Peninsula
Lot/Plan
172/LP19188

Last Listing description (July 2024)

Light-filled interior spaces and a generous 715sqm (approx.) allotment are just a few features in a long list of things to fall in love with within this beautiful abode.

Situated privately and securely behind a front fence and gate this lovely property offers everything you want and need for the perfect holiday experience or beachside living with the flexibility of dual living. The main living is located on the first floor and features timber floorboards flowing throughout the open plan living and dining area, with access to the west facing balcony, ideal for summer entertaining and watching the sunset. The modern kitchen includes sleek white cabinets and stainless steel appliances. The first floor also features two bedrooms with built in robes and bathroom.

Below offers space for the whole family or flexibility for dual living with Master bedroom with two robes, second generous bedroom, bathroom with double vanity and laundry. Outside the garden has been landscaped for low maintenance enjoyment with plenty of off street parking.

Centrally located to the Rye Yacht Club, township, and foreshore, with a multitude of award-winning wineries, exceptional eateries and cafes and premier golfing experiences on your doorstep. The property offers everything you need for a coastal lifestyle change or simply the perfect summer getaway

Property History for 39 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$1,000,000
02 Jul 2024
Listed for Rent
$650/w
11 Apr 2023
  • 12 Jun 2024
    Sold for $1,000,000
  • 23 May 2024
    Listed for Sale $960,000 to $1,050,000
  • 10 Mar 2023
    Listed for Rent - Price not available
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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 10,000 properties. Over the last 5 years, Houses in Rye have seen a 45.73% increase in median value, while Units have seen a 32.23% increase. As at 31 October 2024:

  • The median value for Houses in Rye is $1,030,203 while the median value for Units is $649,156.
  • Houses have a median rent of $590 while Units have a median rent of $480.
There are currently 94 properties listed for sale, and 10 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 321 properties were sold in the past 12 months in Rye.

Suburb Insights for Rye 3941

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Ben Kenyon
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Joe Falzon
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Stockdale & Leggo Rye
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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.