35 Olive Ave, Phegans Bay is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2005. The property has a land size of 2087m2 and floor size of 197m2. While the property is not currently for sale or for rent, it was last sold in March 2006.
Executive Living in the Bays
This master built 6yr old stylish home is the last home in the street and is situated less than 200 paces from the local National Park lookout which boats some magnificent views of the Ocean and the Bays below.
The home itself boasts 4 huge bedrooms (the top level being just for the master bedroom, walk-in robe and ensuite), 2.5 bathrooms, open plan living areas with polished timber floors throughout and floor to ceiling windows for maximum views and lighting, a modern kitchen with bonus LCD TV screen, large balcony overlooking the valley, a double lockable carport and a, East facing sunny courtyard area.
The size of Phegans Bay is approximately 0.6 square kilometres. It has 2 parks covering nearly 21.2% of total area. The population of Phegans Bay in 2016 was 432 people. By 2021 the population was 406 showing a population decline of 6.0% in the area during that time. The predominant age group in Phegans Bay is 50-59 years. Households in Phegans Bay are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Phegans Bay work in a professional occupation.In 2021, 81.70% of the homes in Phegans Bay were owner-occupied compared with 72.40% in 2016.
Phegans Bay has 225 properties. Over the last 5 years, Houses in Phegans Bay have seen a 45.92% increase in median value, while Units have seen a 15.62% increase. As at 31 December 2025:
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