7-9 Steele Street, Cowes, VIC 3922 sold on 29 January 2025 | OnTheHouse
 
SOLD
Sold on 29 Jan 2025 for $1,700,000

7-9 Steele Street
Cowes VIC 3922

Bedrooms: 3
Bathrooms: 6
Car spaces: 1
Land area: 1289m2
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Property Details for 7-9 Steele St, Cowes

Building Type
Commercial
Land Size
1289m2
Local Government
Bass Coast
Lot/Plan
1/TP196907

Last Listing description (December 2024)

This iconic property, The Castle Villa By The Sea, situated in a coveted position just metres to the magnificent north facing bay beach and Cowes shopping precinct, has been in the same family for over 30 years and is now ready to welcome new owners to create their own memories and enjoy it's timeless charm with endless opportunities. Nestled on a substantial allotment of approximately 1286 square metres with an approximate 35 metre wide frontage, this seven bedroom, six bathroom residence occupies an exquisite location with an understated yet undeniable charm.

A Mediterranean inspired facade complimented by lush fully landscaped gardens introduce an elegant interior on the lower level featuring a family-oriented layout boasting two separate living spaces and a central formal dining area that flows through French doors to a covered outdoor entertaining space with a gabled ceiling.
A shared centrally located kitchen, including a walk in pantry, featuring a 900mm stainless steel upright Cooker and a commercial dishwasher allows you to cater to all needs, enhancing the appeal for those who enjoy hosting.

Ascend the stairs from the ground floor keyless entry to the first floor where this incredibly accommodating property provides three separate suites each with their own ensuite and outdoor terrace, creating an excellent opportunity to derive holiday rental income.
A separate garden cottage adds to the potential for additional income or alternatively could be a great option for a family member.

The property's versatility is impressive, having previously served as a restaurant, wedding venue, art gallery, a guest house and much more. With it's endless possibilities, this presents an incredible opportunity.

This highly desirable property offers an unparalleled lifestyle opportunity.

Additional features include two combustion heaters, split system heating and cooling throughout, fireplace, privacy, tranquil surrounds, laundry room, store room, two studies and a separate artist studio.

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Property History for 7-9 Steele St, Cowes, VIC 3922

A timeline of how this property has performed in the market
Last Sold
$1,700,000
29 Jan 2025
  • 29 Jan 2025
    Sold for $1,700,000
  • 26 Jun 2024
    Listed for Sale $2,200,000
  • 21 Jan 2020
    Listed for Sale CONTACT AGENT
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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 8,444 properties. Over the last 5 years, Houses in Cowes have seen a 25.96% increase in median value, while Units have seen a 43.23% increase. As at 30 November 2025:

  • The median value for Houses in Cowes is $720,387 while the median value for Units is $532,034.
  • Houses have a median rent of $490 while Units have a median rent of $430.
There are currently 111 properties listed for sale, and 18 properties listed for rent in Cowes on OnTheHouse. According to Cotality's data, 259 properties were sold in the past 12 months in Cowes.

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© Copyright 2025. 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.

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