77 Lake Avenue, Ocean Grove, VIC 3226 | Land for sale | OnTheHouse
 
FOR SALE
$890,000 - $940,000

77 Lake Avenue
Ocean Grove VIC 3226

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Land area: 604m2
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Absolute Lakefront Opportunity – A Rare Coastal Find

Set directly on the lake in a quiet court setting, this exceptional vacant allotment presents a once-in-a-lifetime opportunity to secure one of the last remaining lakefront blocks in Ocean Grove.
With uninterrupted lake frontage and a prized north-facing orientation, this generous 604sqm (approx.) parcel offers the perfect canvas to design and build a home that maximises outlooks, natural light and the tranquil surrounds. Wake up to ever-changing water views, enjoy peaceful mornings and take advantage of a lifestyle that seamlessly blends coastal living with natural serenity.
Positioned within easy walking distance to the town centre, river and beach, the location delivers the ultimate in convenience without compromising privacy or calm. Whether it’s a leisurely stroll for coffee, time by the water, or a day at the beach, everything Ocean Grove is loved for is right at your doorstep.
Rare, tightly held and highly sought-after, lakefront land of this calibre is becoming increasingly scarce. This is an outstanding opportunity for owner-occupiers, lifestyle seekers or investors looking to secure a premium position in one of Ocean Grove’s most desirable pockets.
Disclaimer: All information provided by Hodges Bellarine is supplied in good faith and believed to be accurate at the time of publication. All dimensions and details are approximate. Prospective purchasers should conduct their own due diligence and verify all information before making any decisions. Hodges Bellarine accepts no liability for reliance on this information.
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Property Details for 77 Lake Ave, Ocean Grove

Building Type
Land
Land Size
604m2
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About Ocean Grove 3226

The size of Ocean Grove is approximately 18.5 square kilometres. There are 22 parks, covering nearly 16.5% of the total area. The population of Ocean Grove in 2016 was 14165 people. By 2021 the population was 17714 showing a population growth of 25.0% in the area during that time. The predominant age group in Ocean Grove is 60-69 years. Households in Ocean Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ocean Grove work in a professional occupation.In 2021, 78.50% of the homes in Ocean Grove were owner-occupied compared with 76.10% in 2016.

Ocean Grove has 11,952 properties. Over the last 5 years, Houses in Ocean Grove have seen a -5.11% decrease in median value, while Units have seen a -1.99% decrease. As at 31 August 2026:

  • The median value for Houses in Ocean Grove is $1,023,187 while the median value for Units is $800,447.
  • Houses have a median rent of $650 while Units have a median rent of $560.
There are currently 144 properties listed for sale, and 12 properties listed for rent in Ocean grove on OnTheHouse. According to Cotality's data, 502 properties were sold in the past 12 months in Ocean grove.

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