SOLD
RECENT ADVICE
Sold on 08 Dec 2023 for $1,650,000

59 Owarra Street
Rye VIC 3941

Bedrooms: 4
Bathrooms: 2
Car spaces: 4
Land area: 599m2
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Property Details for 59 Owarra St, Rye

59 Owarra St, Rye is a 4 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 599m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 4 bedroom House sold in Rye in the last 12 months.

Building Type
House
Land Size
599m2
Local Government
Mornington Peninsula
Lot/Plan
673/LP53787

Last Listing description (December 2023)

Located in a quiet street and offering some of the most spectacular views that span across the Southern Peninsula to the Ocean and the Bay. With stunning treetop vistas that encompass the Rye landscape down to Sorrento and spanning around to capture Bass Strait views all the way Cape Schanck lighthouse, this property is meticulously presented and has views from almost every window.
This modern beach home offers a functional family friendly layout with 4 bedrooms, 2 bathrooms and 2 livings areas. The modern kitchen with walk in pantry, SS appliances and gas cooktop overlooks the spacious lounge and dining area that opens onto the expansive alfresco decking area, a perfect place to BBQ and entertain friends and family or to just relax and watch the ships enter the Bay.
The main bedroom has ensuite and BIRs and 2 other bedrooms also have BIRs, downstairs the 4th bedroom is ideal for teenager’s retreat, guest’s accommodation or home office. The property is serviced by gas ducted heating and split system air conditioning, there is ample parking for cars, trailers or Jet Ski. Set out on a low maintenance landscaped allotment of approx. 600sqm, the gardens are fed from 2 x 5000ltr rainwater tanks and solar panels significantly reduce power bills.

Whilst the views are amazing there is the potential to add an additional upper level to the residence (STCA) which would provide almost 360 degree views. This property offers the ultimate in coastal living and as the views cannot be built out you will enjoy a lifetime of some of the best views on offer in Rye.

Property History for 59 Owarra St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$1,650,000
08 Dec 2023
Listed for Rent
$750/w
27 May 2024
  • 29 Apr 2024
    Listed for Rent $750 / week
  • 19 Jan 2024
    Listed for Sale $1,540,000 - $1,590,000
  • 11 Dec 2023
    Sold for $1,650,000
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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 10,000 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 93 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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Contact agent
Cameron Gulliford
Show contact details
RT Edgar 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.