1/8 Palm Grove, Dromana, VIC 3936 | Property Value & History | OnTheHouse
OFF MARKET

1/8 Palm Grove
Dromana VIC 3936

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 139m2
Land area: 309m2
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Property Details for 1/8 Palm Gr, Dromana

1/8 Palm Gr, Dromana is a 4 bedroom, 3 bathroom Unit with 2 parking spaces. The property has a land size of 309m2 and floor size of 139m2. While the property is not currently for sale or for rent, it was last sold in November 2015.

Building Type
Unit
Floor Size
139m2
Land Size
309m2
Local Government
Mornington Peninsula
Lot/Plan
1/PS725636

Last Listing description (November 2015)

Beachside location, walking distance to shops & cafe's. Front of 2 - Impressive, freestanding dwelling with separate Street frontage & no Owners Corp. Flexible floor plan, 4 bedrooms, 3 bathrooms & 2 living spaces over 2 levels. Tasmanian Oak floors, high ceilings, stone bench tops, full height tiling, comprehensive wiring & generous storage. Main suite, generous, spacious light filled living space, 3rd bathroom, well fitted laundry, direct entry garaging & sunny north facing courtyard provides excellent ground floor living accommodation. Ample zoned space for family & friends upstairs. Near new, nothing to spend. Benchmark quality, clever design & just 630m to beach.

Property History for 1/8 Palm Gr, Dromana, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$652,500
18 Nov 2015
  • 18 Nov 2015
    Sold for $652,500
  • 09 Oct 2015
    Listed for Sale Not Disclosed
  • 08 May 2015
    Sold for $630,000
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About Dromana 3936

The size of Dromana is approximately 30.6 square kilometres. It has 19 parks covering nearly 7.2% of total area. The population of Dromana in 2016 was 5803 people. By 2021 the population was 6626 showing a population growth of 14.2% in the area during that time. The predominant age group in Dromana is 60-69 years. Households in Dromana are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dromana work in a trades occupation.In 2021, 70.70% of the homes in Dromana were owner-occupied compared with 67.90% in 2016.

Dromana has 6,007 properties. Over the last 5 years, Houses in Dromana have seen a 30.70% increase in median value, while Units have seen a 28.91% increase. As at 30 November 2025:

  • The median value for Houses in Dromana is $1,027,931 while the median value for Units is $787,974.
  • Houses have a median rent of $620 while Units have a median rent of $600.
There are currently 36 properties listed for sale, and 4 properties listed for rent in Dromana on OnTheHouse. According to Cotality's data, 247 properties were sold in the past 12 months in Dromana.

Suburb Insights for Dromana 3936

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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.