28 Tarakan StreetSorrento VIC 3943
Property Details for 28 Tarakan St, Sorrento
Last Listing description (February 2018)
An easy stroll to both bay and ocean beaches on this narrowest leg of the Mornington Peninsula, this 701sqm (approx) parcel with two-bedroom shack presents an exciting opportunity to create your dream coastal home and join the elite Sorrento set. Tucked down a wonderfully serene street just 600 metres to the crystal waters of Cameron's Bight and the Bay Trail meandering down to the Blairgowrie Yacht Squadron and village, the gentle rising of the allotment allows for a lush leafy outlook and elevated coastal views, with the existing dwelling sitting at the highest elevation. Ready for a top-to-tail renovation or demolition (STCA) to make way for a contemporary newbuild, this long-held beach house has been in the same family for over half a century and awaits its new beginning. Featuring two spacious living areas fanning off the original kitchen and a lovely panorama over the treetops, a creative eye will instantly spot the potential in this magical location. Just 450 metres to the Koonya General Store with the breakers of the ocean beach just beyond, the positioning is ideal for both vacationers and seachangers alike, surrounded by golf courses, never-ending beaches, hiking trails, day spas and the boutique shopping of Sorrento's Ocean Beach Road.
Property History for 28 Tarakan St, Sorrento, VIC 3943
- 01 Feb 2018Sold for $760,000
- 27 Dec 2017Listed for Sale Not Disclosed
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About Sorrento 3943
The size of Sorrento is approximately 7 square kilometres. It has 9 parks covering nearly 32% of total area. The population of Sorrento in 2011 was 1,447 people. By 2016 the population was 1,596 showing a population growth of 10.3% in the area during that time. The predominant age group in Sorrento is 60-69 years. Households in Sorrento are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Sorrento work in a professional occupation. In 2011, 81.1% of the homes in Sorrento were owner-occupied compared with 82.2% in 2016.
Sorrento has 3,685 properties. Over the last 5 years, Houses in Sorrento have seen a 43.99% increase in median value, while Units have seen a 27.05% increase. As at 31 October 2024:
- The median value for Houses in Sorrento is $1,927,085 while the median value for Units is $1,028,225.
- Houses have a median rent of $725 while Units have a median rent of $638.
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