490 Boneo Road, Boneo, VIC 3939 | Property Value & History | OnTheHouse
OFF MARKET

490 Boneo Road
Boneo VIC 3939

Bedrooms: 4
Bathrooms: 3
Car spaces: 1
Land area: 124304m2
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Property Details for 490 Boneo Rd, Boneo

Building Type
Rural
Year Built
1995
Land Size
124304m2
Local Government
Mornington Peninsula
Lot/Plan
2/LP200004

Last Listing description (December 2025)

Concealed within the green heart of the Mornington Peninsula, the landmark "Glenlee" unveils a rare opportunity, emphasising the serenity of seclusion and the untapped potential of rural living. This breathtaking 1860 original homestead welcomes you to an expanse of 30 fertile acres, offering an authentic country lifestyle while being moments away from modern and celebrated coastal amenities.

Featuring a heritage-rich yet refreshed four-bedroom, three-bathroom home, "Glenlee" radiates character and a storied past. Its dual, interconnecting wings provide versatile living arrangements, perfect for your family's needs or business pursuits. Perfectly comfortable with modern touches, the home is ideal to lease or to move right in while preparing for your next steps, offering plenty of scope to enhance and extend in keeping with the solid heritage facade (subject to council approval).

The expansive grounds and historical charm present an excellent canvas for various business ventures, including farm stays, boutique wedding venues, artisanal tea houses, and more (subject to council approval), each adding a unique chapter to this property's rich narrative. The farm-ready land boasts fully fenced and segmented paddocks, including a thriving fruit orchard and an olive grove, embracing the Australian countryside's soul with quintessential rustic outbuildings, shearing sheds, and original holding yards. A dependable bore water supply and ample rainwater tanks ensure the lush landscape and livestock thrive year-round, whilst a large underground cellar, well-equipped kitchens and heating/cooling add to the home's appeal.

Ideally positioned within a short drive to local schools, shopping destinations, freeway access, farm gates, renowned wineries, sprawling golf courses, and mesmerising bay and ocean beaches, "Glenlee" offers the idyllic lifestyle dream.

Property History for 490 Boneo Rd, Boneo, VIC 3939

A timeline of how this property has performed in the market
Last Sold
$2,850,000
12 Feb 2025
  • 12 Feb 2025
    Sold for $2,850,000
  • 07 Aug 2024
    Listed for Sale Private Sale
  • 06 Aug 2021
    Sold for $2,430,000
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About Boneo 3939

The size of Boneo is approximately 33.7 square kilometres. It has 9 parks covering nearly 17.9% of total area. The population of Boneo in 2016 was 354 people. By 2021 the population was 314 showing a population decline of 11.3% in the area during that time. The predominant age group in Boneo is 50-59 years. Households in Boneo are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Boneo work in a managers occupation.In 2021, 78.40% of the homes in Boneo were owner-occupied compared with 74.30% in 2016.

Boneo has 205 properties. Over the last 5 years, Houses in Boneo have seen a -31.57% decrease in median value. As at 28 February 2026:

  • The median value for Houses in Boneo is $2,101,598 while the median value for Units is $666,366.
There are currently 6 properties listed for sale, and no properties listed for rent in Boneo on OnTheHouse. According to Cotality's data, 3 properties were sold in the past 12 months in Boneo.

Suburb Insights for Boneo 3939

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.