421 Sandy Bay RoadSandy Bay TAS 7005
Property Details for 421 Sandy Bay Rd, Sandy Bay
Last Listing description (January 2026)
Positioned in one of Hobart's most prestigious and tightly held suburbs, this rare 549 sqm parcel of land at 421 Sandy Bay Road presents an exceptional opportunity to secure a blank canvas in a location where vacant land is almost unheard of. Tucked away down a private driveway alongside an established residence, this block offers both privacy and exclusivity in equal measure.
Just moments from the River Derwent and a short walk to the iconic Wrest Point Casino, this property places you at the heart of Sandy Bay living. The area is renowned for its leafy streets, waterfront walks, and close proximity to Hobart's CBD, which is just a 10-minute drive away. You'll also find excellent schools, the University of Tasmania, local cafes, and the Sandy Bay shopping precinct all nearby, making this a location that perfectly balances lifestyle and convenience.
Whether you're an investor looking for a rare development opportunity, a homeowner dreaming of building a bespoke residence, or a downsizer wanting a build a low-maintenance home base in an elite neighbourhood, this block ticks all the boxes. With all services available, you can start planning your vision with confidence.
Historically, Sandy Bay has been one of Hobart's most desirable suburbs, favoured for its riverside charm and vibrant community feel. As one of the last undeveloped sites in this part of the suburb, 421 Sandy Bay Road offers not only an opportunity to build, but to invest in a legacy location.
Land of this calibre, in a position as tightly held as this, is incredibly rare. Don't miss your chance to secure a foothold in one of Tasmania's most sought-after postcodes. Contact Nat today!
Thinking of selling your property? Contact Natalie Downton for a no-obligation, free assessment. Recognised as the Number 1 Agent in Australia on three occasions and with over 17 years of experience, Natalie is one of Tasmania's most accomplished and trusted real estate professionals. When it comes to selling your home, why settle for anyone else? Let Natalie's expertise and proven track record deliver exceptional results for you.
Property History for 421 Sandy Bay Rd, Sandy Bay, TAS 7005
- 06 Nov 2025Sold
- 12 Sep 2025Listed for Sale Expressions of Interest
- 15 May 2021Sold for $760,000
Recent sales nearby
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0About Sandy Bay 7005
The size of Sandy Bay is approximately 6.9 square kilometres. It has 14 parks covering nearly 23.0% of total area. The population of Sandy Bay in 2016 was 11927 people. By 2021 the population was 12315 showing a population growth of 3.2% in the area during that time. The predominant age group in Sandy Bay is 20-29 years. Households in Sandy Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sandy Bay work in a professional occupation.In 2021, 62.10% of the homes in Sandy Bay were owner-occupied compared with 61.50% in 2016.
Sandy Bay has 5,852 properties. Over the last 5 years, Houses in Sandy Bay have seen a 18.77% increase in median value, while Units have seen a 20.40% increase. As at 31 December 2025:
- The median value for Houses in Sandy Bay is $1,304,733 while the median value for Units is $691,289.
- Houses have a median rent of $623 while Units have a median rent of $500.
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