515 Corinella Rd, Coronet Bay is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 534m2. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 3 bedroom House sold in Coronet Bay in the last 12 months.
Offering endless potential in a coastal setting, this 3-bedroom, 1-bathroom cottage presents an exceptional opportunity for renovators, first home buyers, or investors ready to unlock its full potential. With a spacious open-plan kitchen, living area, and a light-filled sunroom, the home offers a solid foundation for your creative vision.
While the property is in need of some TLC, it is brimming with promise – whether you’re looking to restore and revitalise the existing cottage or start fresh and build your dream home (STCA), with the potential to capture water views of the beautiful Western Port Bay.
Set on a generous 534m2 allotment in a prime location, this property is ideally positioned within minutes to local shops, restaurants, fresh produce markets, a winery, and essential services including an ambulance depot and bus stops. With popular tourist attractions nearby and just a short 15-minute drive to San Remo - Phillip Island, you’ll enjoy the best of coastal living with the convenience of an easy commute to Melbourne’s CBD and the South Eastern Suburbs.
This is more than just a property – it’s a blank canvas ready for your ideas to take shape. Don’t miss your chance to secure a piece of Coronet Bay with endless possibilities!
The size of Coronet Bay is approximately 5.0 square kilometres. It has 4 parks covering nearly 2.8% of total area. The population of Coronet Bay in 2016 was 791 people. By 2021 the population was 1108 showing a population growth of 40.1% in the area during that time. The predominant age group in Coronet Bay is 60-69 years. Households in Coronet Bay are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Coronet Bay work in a trades occupation.In 2021, 77.10% of the homes in Coronet Bay were owner-occupied compared with 71.90% in 2016.
Coronet Bay has 1,307 properties. Over the last 5 years, Houses in Coronet Bay have seen a 32.82% increase in median value. As at 31 October 2025:
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