187 Nepean Highway, Dromana, VIC 3936 | Property Value & History | OnTheHouse
OFF MARKET

187 Nepean Highway
Dromana VIC 3936

Bedrooms: 4
Bathrooms: 2
Car spaces: 4
Floor area: 319m2
Land area: 47500m2
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Property Details for 187 Nepean Hwy, Dromana

Building Type
Rural
Year Built
1960
Floor Size
319m2
Land Size
47500m2
Local Government
Mornington Peninsula
Lot/Plan
3/LP64053

Last Listing description (December 2024)

Set on 12 acres (approx.) in the heart of the Mornington Peninsulas wine region, this former winery and cellar door invites a revival or transformation, offering an incredible lifestyle change opportunity. Once the bustling home of Dromana Valley Wines, this property is ready to be re-established, with existing trellises, machine sheds, and a cellar door with tastings area and warehouseall perfectly poised for a new chapter.

Nestled between the lush landscapes of Mt Martha and the Red Hill foothills, and only moments from Martha Cove Marina, this property is in a prime location opposite Hickinbotham Winery, and within minutes of renowned names like Crittendens, Karina Vineyard, and Trofeo Estate. With this exceptional positioning in a high-traffic wine region, its ideal for visitors and agritourism. Neighbouring Pickings Lane also offers convenient access for agricultural needs, making it versatile for ventures like cattle grazing, horse agistment, or produce farming.

The propertys residence presents grand living spaces and exciting possibilities to modernize. Upstairs, an expansive covered alfresco balcony provides breathtaking views over the property, extending to the bay where you can enjoy the You Yangs on the horizon and the twinkling lights of Mount Martha at nightan enchanting sight to relax with.

Inside, the retro kitchen is equipped with an electric stove, bordered by a formal dining room on one side and a family room on the other, each opening to the extensive alfresco area. A second terrace on the east side provides peaceful garden views, enhancing the propertys charm.

The cellar door includes a welcoming, restaurant-style tasting room with wood heating, a serving bar, and guest restrooms, all complemented by wide verandahs with seating and serene outlooks over the property. Behind the cellar door, a large warehouse, cool room, kitchenette, and multiple storage areas are all in place, equipped for the winerys operations.

This property offers a rare opportunity to make your mark in a prestigious wine region with scenic bay views and endless potential for growth and transformation.

Homes and Acreage is proud to be offering this property for sale in conjunction with Ian Reid Vendor Advocates To arrange an inspection or for further information, please contact Penny Perry on 0448 004 673 or office@homesacreage.com.au

Features:
11.7 acres in the heart of the Mornington Peninsula
Former winery and cellar door
Fencing and vine trellises all in place
Numerous machinery & storage sheds
Substantial 4BR residence
2 large living and 2 dining areas
Large alfresco terrace overlooking vines
Retro kitchen with electric stove
Garage, attached workshop & storage rooms
Cellar door with deck and bar
Visitor toilets
Warehouse, cool room, kitchenette
Water tanks
Could be cleared for new agricultural pursuit

Property History for 187 Nepean Hwy, Dromana, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$2,300,000
20 Nov 2024
  • 20 Nov 2024
    Sold for $2,300,000
  • 08 Nov 2024
    Listed for Sale $2,300,000 - $2,500,000
  • 17 Feb 2023
    Transferred
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About Dromana 3936

The size of Dromana is approximately 30.6 square kilometres. There are 19 parks, covering nearly 7.2% of the 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 5,968 properties. Over the last 5 years, Houses in Dromana have seen a 11.75% increase in median value, while Units have seen a 3.70% increase. As at 30 April 2026:

  • The median value for Houses in Dromana is $1,032,900 while the median value for Units is $758,993.
  • Houses have a median rent of $650 while Units have a median rent of $620.
There are currently 36 properties listed for sale, and 18 properties listed for rent in Dromana on OnTheHouse. According to Cotality's data, 225 properties were sold in the past 12 months in Dromana.

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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.