2/1-5 Steele Street, Cowes, VIC 3922 | Property Value & History | OnTheHouse
OFF MARKET

2/1-5 Steele Street
Cowes VIC 3922

Bedrooms: 5
Bathrooms: 3
Car spaces: 3
Floor area: 136m2
Land area: 477m2
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Property Details for 2/1-5 Steele St, Cowes

2/1-5 Steele St, Cowes is a 5 bedroom, 3 bathroom House with 3 parking spaces. The property has a land size of 477m2 and floor size of 136m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
House
Floor Size
136m2
Land Size
477m2
Local Government
Bass Coast
Lot/Plan
2/PS501872

Last Listing description (November 2021)

Located on Lovers Walk Cowes, this stunning home is one of only a handful of foreshore frontage properties that enjoy Phillip Island's most exclusive address (so close to the beach, quiet and yet proximate to the excellent food and shopping Cowes provides.) Designed with distinction and timeless appeal this substantial home offers you the most luxurious and secure living with stunning sea views. A few seconds wander across a reserve scattered with mature gums is the most beautiful, sheltered swimming beach with a boat mooring for a vessel of up to 32ft.
This vast home comfortably sleeps 12, and with three bathrooms and three separate toilets (5 in total) plus the outdoor shower and two expansive living areas. From the ground floor up this property is accessible for folks with disabilities thanks to the space and custom designed lift. This Steele Street property provides comfortable and peaceful accommodation for retreats or large family groups.
The home features a spacious basement/joinery below the ground floor. The ground floor includes a secure entry from your three-car garage as well as an impressive front entrance with staircase or lift to take you to the first or second floor. Throughout the property are polished Tasmanian oak hardwood floors.

The first level has a large living/games room (big enough for a pool table and lounge) with floor to ceiling windows that offer views across the reserve to the beach and access to the garage below. Three large bedrooms (one with ensuite) all with built in robes. This level has its own separate bathroom and toilet and a laundry room that leads out to a covered deck and outdoor hot/cold shower. There is an outside deck surrounded by a landscaped garden and mature palms.
Upstairs is truly 5-star living with a large open plan kitchen and living area. Master craftsmen cabinetry, a wood fire and covered balcony adds to the appeal of this space. The thoughtfully designed kitchen has stone bench tops, a butler's pantry and quality appliances. The master bedroom is light filled and spacious with its own Juliet balcony. Lots of joinery fitted wardrobe space and the ensuite features double vanity and a double shower. This level also has a study that is currently used as 5th bedroom.
The home is in a private gated court and has direct access from its fully fenced back yard straight onto the sand. The property comes with a sheltered private mooring that you can view from your lounge. This is a benchmark property. A rare opportunity, offered for the first time.
Inspection strictly by appointment.

Property History for 2/1-5 Steele St, Cowes, VIC 3922

A timeline of how this property has performed in the market
Last Sold
$3,600,000
13 Oct 2021
  • 13 Oct 2021
    Sold for $3,600,000
  • 18 Sep 2021
    Listed for Sale Contact Agent
  • 19 May 2003
    Sold for $630,000
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About Cowes 3922

The size of Cowes is approximately 20.7 square kilometres. There are 20 parks, covering nearly 6.7% of the total area. The population of Cowes in 2016 was 4839 people. By 2021 the population was 6593 showing a population growth of 36.2% in the area during that time. The predominant age group in Cowes is 60-69 years. Households in Cowes are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cowes work in a trades occupation.In 2021, 68.40% of the homes in Cowes were owner-occupied compared with 65.40% in 2016.

Cowes has 8,427 properties. Over the last 5 years, Houses in Cowes have seen a 6.99% increase in median value, while Units have seen a 15.45% increase. As at 30 April 2026:

  • The median value for Houses in Cowes is $725,842 while the median value for Units is $531,291.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 102 properties listed for sale, and 36 properties listed for rent in Cowes on OnTheHouse. According to Cotality's data, 283 properties were sold in the past 12 months in Cowes.

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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.