Jellis Craig. Set in one of Elthams most tightly held and desirable pockets, this architect-designed mid-century home rests on a magnificent 2.9-acre (approx.) allotment, offering a lifestyle of peace, privacy, and rare natural beauty. Just minutes from central Eltham, the property enjoys a privileged rear boundary that borders both Wild Cherry Drive Reserve and the Yarra River. Originally named The Rapids House, it has long been a popular kayaking and swimming spot for locals.
From the expansive entertainers deck, take in stunning views of the iconic Yarra River, a breathtaking backdrop for both quiet reflection and gatherings with friends. With direct access to the river itself, this is a residence that connects effortlessly with nature and exudes warmth, character, and charm. Floor-to-ceiling windows and doors frame the natural surroundings beautifully, creating a seamless connection to the outdoors and filling the home with natural light.
The expansive open-plan living and dining area is a true highlight, complete with a wood fireplace, balcony access, and sweeping treetop views. A light-filled reading nook provides a cosy retreat, while the original galley kitchen offers exciting potential for future enhancement.
A separate bedroom wing is accessed via a striking glass breezeway, framed with custom timber panelling and floor-to-ceiling art. Here, three well-zoned bedrooms offer privacy and comfort. The master suite includes a walk-in robe and a contemporary ensuite with a deep soaking tub. The additional bedrooms are serviced by a stylish bathroom featuring a double vanity and rainfall shower. A spacious family living room opens onto a wraparound verandah and a second balcony, ideal for effortless year-round entertaining with friends and family.
Additional features include reverse-cycle heating/cooling in each bedroom, split-system heating and cooling, a dedicated laundry, a large workshop, under-house storage, a double carport, a bushfire safety bunker, a circular driveway, a firepit zone, and exceptionally rare direct access to the Yarra River.
The home is ideally located within walking distance of Wild Cherry Drive Reserve, with direct access to the Yarra River. It is also moments from Eltham Village, close to Montsalvat, and zoned for both Eltham Primary and Eltham High School. Public transport, sporting clubs, and recreational facilities are all nearby, further enhancing the appeal of this remarkable property.
Offered for the first time in 50 years, this is a once-in-a-generation opportunity to secure a landmark residence in a truly special riverside setting.
The size of Eltham is approximately 16.6 square kilometres. It has 55 parks covering nearly 15.2% of total area. The population of Eltham in 2016 was 18314 people. By 2021 the population was 18847 showing a population growth of 2.9% in the area during that time. The predominant age group in Eltham is 50-59 years. Households in Eltham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Eltham work in a professional occupation.In 2021, 86.10% of the homes in Eltham were owner-occupied compared with 85.50% in 2016.
Eltham has 8,648 properties. Over the last 5 years, Houses in Eltham have seen a 30.97% increase in median value, while Units have seen a 14.90% increase. As at 30 November 2025:
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