23 Caldwell RoadDromana VIC 3936
Property Details for 23 Caldwell Rd, Dromana
23 Caldwell Rd, Dromana is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 840m2 and floor size of 118m2. While the property is not currently for sale or for rent, it was last sold in April 1994.
Last Listing description (March 2026)
Auction Location: On Site
Elevated above the township with sweeping bay vistas, this substantial dual-level home captures a breathtaking panorama that stretches from Safety Beach and Mount Martha through to Arthurs Seat. From the expansive wraparound deck, the outlook takes in glistening water by day and a sparkling sea of lights by night, creating a spectacular backdrop for everyday living and unforgettable summer entertaining.
Set on an impressive 839sqm (approx) corner allotment with broad street frontages and a striking sense of space, the property offers immense potential for renovation, extension or a luxury new home rebuild, subject to council approval. The existing residence is solid and generously proportioned, with a light-filled upper level oriented to the view, extensive glazing and sliding doors opening directly to the deck, and a warm mix of timber floors and feature brickwork that hint at a classic coastal style ready to be reimagined.
The main living domain occupies the entire upper floor, where an open-plan kitchen, dining and lounge zone flows seamlessly to the deck for effortless indoor-outdoor living. A wood heater and split-system air-conditioning keep the space comfortable year round, while the family-sized kitchen provides abundant storage and bench space, a wall oven and dishwasher, offering an immediately functional environment with clear scope to modernise. Adjoining this level, the main bedroom enjoys its own deck access, walk-in robe and a spacious semi-ensuite bathroom with spa, making it a peaceful retreat positioned to soak in the view.
On the lower level, three additional bedrooms are serviced by a second bathroom, providing ample accommodation for family and guests. A large games room with bar opens to the garden and covered areas beneath the deck, creating a fun second living zone or teen retreat that can evolve with changing needs. The layout lends itself beautifully to a future dual-occupation or Airbnb-style configuration, subject to approvals, with separate entry points and good separation between floors.
Outside, the gently sloping block is dotted with established trees and open lawn, delivering a private, leafy setting that frames the water outlook while still leaving plenty of room for landscaping, a pool or further extensions if desired. A substantial freestanding double garage provides secure parking and storage for beach gear, tools or trade equipment, and there is additional off-street parking available thanks to the wide corner position.
The location is ideal for those seeking the perfect balance between hillside tranquility and everyday convenience, with Dromana Primary School, the shopping centre, cafes, foreshore and safe swimming beaches all within easy reach down the hill. Arthurs Seat State Park and surrounding bushland walking tracks are moments away, offering weekend adventures and a peaceful natural buffer that enhances the property's sense of escape.
Brimming with potential and blessed with one of the area's most captivating outlooks, this much-loved coastal home is ready for its next chapter, inviting renovators, families, holiday-makers and visionaries to unlock the full value of its commanding position and generous landholding.
Property History for 23 Caldwell Rd, Dromana, VIC 3936
- 24 Feb 2026Listed for Sale $950,000 to $1,045,000
- 02 Apr 1994Sold for $130,000
- 29 Jun 1984Sold for $87,500
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0About 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 6,008 properties. Over the last 5 years, Houses in Dromana have seen a 23.29% increase in median value, while Units have seen a 15.31% increase. As at 28 February 2026:
- The median value for Houses in Dromana is $1,054,744 while the median value for Units is $798,677.
- Houses have a median rent of $630 while Units have a median rent of $610.
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