21 Graeme Street, Dromana, VIC 3936 | Land for sale | OnTheHouse
 
FOR SALE
Sale by End Date Friday 4th $890,000 - $979,000

21 Graeme Street
Dromana VIC 3936

Bedrooms: -
Bathrooms: -
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Land area: 688m2
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Prime Coastal Allotment with Endless Potential

*Sale by End date - All offers must be submitted before 4pm on Friday 5th June 2026*
Contact us for further details.
Perfectly positioned in a sought-after Dromana pocket, this exceptional 688m² (approx.) flat allotment presents a rare opportunity to secure a premium parcel of land just moments from the beach.
Boasting an impressive frontage of approximately 15.85 metres and a depth of approximately 43.42 metres, the block provides excellent proportions for those looking to build a substantial coastal residence or explore future development potential (STCA).
Located approximately 600 metres from the foreshore, this prime parcel offers the ideal balance of lifestyle and convenience. Enjoy easy access to Dromana's shopping precinct, local cafés, restaurants, parks and everyday amenities, while the walking trails of Arthurs Seat and the renowned wineries of the Mornington Peninsula are all close by.
With flat, usable land and generous dimensions in an increasingly tightly held area, this is a superb opportunity for builders, developers, investors or families looking to create their dream Peninsula home.
Whether you're seeking a premium land holding, a future development site (STCA), or the perfect place to build by the coast, opportunities of this calibre are becoming increasingly hard to secure.
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Property Details for 21 Graeme St, Dromana

Building Type
Land
Land Size
688m2
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About Dromana 3936

The size of Dromana is approximately 30.6 square kilometres. There are 19 parks, covering nearly 7.2% of the total area. The population of Dromana in 2016 was 5803 people. By 2021 the population was 6626 showing a population growth of 14.2% in the area during that time. The predominant age group in Dromana is 60-69 years. Households in Dromana are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dromana work in a trades occupation.In 2021, 70.70% of the homes in Dromana were owner-occupied compared with 67.90% in 2016.

Dromana has 5,968 properties. Over the last 5 years, Houses in Dromana have seen a 11.75% increase in median value, while Units have seen a 3.70% increase. As at 30 April 2026:

  • The median value for Houses in Dromana is $1,032,900 while the median value for Units is $758,993.
  • Houses have a median rent of $650 while Units have a median rent of $620.
There are currently 36 properties listed for sale, and 17 properties listed for rent in Dromana on OnTheHouse. According to Cotality's data, 225 properties were sold in the past 12 months in Dromana.

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Liam Mangan
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Mike Mangan
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Bennetts Real Estate - Dromana
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