An exceptional opportunity to secure a substantial 941sqm (approx.) flat block in a prime coastal location, offering outstanding potential for subdivision or redevelopment (STCA).
Positioned directly across the road from the stunning bay beach, this rare parcel provides the perfect canvas for developers, investors, or buyers looking to capitalise on the generous land size and unbeatable location. With a maximum building height of approximately 9-11 metres (STCA - buyers to confirm with council), a second-storey build could capture impressive bay views.
Located in the heart of Capel Sound, this property places you moments from the beach, local cafés, shops, and the vibrant Rye foreshore. Whether you choose to subdivide, redevelop, or build a premium coastal residence, opportunities like this are becoming increasingly rare along this tightly held stretch of the Mornington Peninsula.
Secure your slice of coastal potential and explore the possibilities.
The size of Capel Sound is approximately 4.7 square kilometres. There are 9 parks, covering nearly 20.5% of the total area. The population of Capel Sound in 2016 was 4930 people. By 2021 the population was 5246 showing a population growth of 6.4% in the area during that time. The predominant age group in Capel Sound is 70-79 years. Households in Capel Sound are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Capel Sound work in a trades occupation.In 2021, 55.80% of the homes in Capel Sound were owner-occupied compared with 57.90% in 2016.
Capel Sound has 4,293 properties. Over the last 5 years, Houses in Capel Sound have seen a -3.54% decrease in median value, while Units have seen a 14.85% increase. As at 30 June 2026:
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