5 Driftwood Drive, Cowes, VIC 3922 | Property Value & History | OnTheHouse
 
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5 Driftwood Drive
Cowes VIC 3922

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 651m2
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Last updated 2 Feb 2026
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Property Details for 5 Driftwood Dr, Cowes

5 Driftwood Dr, Cowes is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 651m2. While the property is not currently for sale or for rent, it was last sold in September 2024.

Building Type
House
Land Size
651m2
Local Government
Bass Coast
Lot/Plan
3/LP98080

Last Listing description (January 2025)

Escape to your perfect coastal retreat at 5 Driftwood Drive, Cowes a charming, laid-back sanctuary nestled in the heart of Phillip Island. This cozy 3-bedroom home invites you to experience the ultimate seaside lifestyle, whether you're looking for a peaceful weekend getaway or a permanent sea change.

Step inside to discover a welcoming open-plan living and dining area, bathed in natural light, where the gentle sea breeze flows effortlessly through the space. With ample room to relax or entertain, this is where your holiday memories will be made, be it cozy family dinners or lively summer gatherings with friends.

The functional kitchen is well-equipped to handle everything from quick breakfasts before a day at the beach to elaborate meals to enjoy with your family. Just beyond, the laundry area adds convenience to your island living, with easy access to the outdoors, making those sandy beach days a breeze to manage.

The home features three generous bedrooms, each offering a peaceful haven for rest and relaxation. The main bedroom, with built-in robes, is your personal retreat, while the other bedrooms provide flexibility for family, guests, or even a home office setup, and all are kept comfortable with split system heating and cooling.

Outside, enjoy the fresh ocean air on your private deck a perfect spot for morning coffee or sunset drinks. The property also includes a spacious carport, ensuring plenty of room for cars, boats, or even jet skis as the beach is within 300 of this amazing home.

Located just moments from Cowes' bustling main street, with its boutique shops, cafes, and restaurants, this home places you right in the heart of Phillip Island's vibrant community while also being able to enjoy the peace and quiet this allotment offers. Whether you're a beach lover, a fishing enthusiast, or just someone who enjoys the tranquillity of coastal living, 5 Driftwood Drive offers it all.

And with the island's iconic attractions-like the Penguin Parade, surf beaches, and wildlife parks-just a short drive away, there's always something to see and do.

This property for sale in Cowes is proudly brought to you by Ray White Phillip Island.
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Property History for 5 Driftwood Dr, Cowes, VIC 3922

A timeline of how this property has performed in the market
Last Sold
$650,000
30 Sep 2024
  • 30 Sep 2024
    Sold for $650,000
  • 21 Aug 2024
    Listed for Sale $620,000 - $660,000
  • 25 Feb 1975
    Sold for $6,300
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About Cowes 3922

The size of Cowes is approximately 20.7 square kilometres. It has 20 parks covering nearly 6.7% of 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 8,447 properties. Over the last 5 years, Houses in Cowes have seen a 23.10% increase in median value, while Units have seen a 42.95% increase. As at 31 December 2025:

  • The median value for Houses in Cowes is $722,608 while the median value for Units is $561,965.
  • Houses have a median rent of $490 while Units have a median rent of $430.
There are currently 99 properties listed for sale, and 24 properties listed for rent in Cowes on OnTheHouse. According to Cotality's data, 284 properties were sold in the past 12 months in Cowes.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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