123 Ormond Esp, Elwood is a 5 bedroom, 3 bathroom House with 3 parking spaces and was built in 1926. The property has a land size of 484m2 and floor size of 264m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 5 bedroom House sold in Elwood in the last 12 months.
Built on a 1930s Spanish Mission foundation, this triple-storey home offers expansive accommodation that culminates in glorious water views from its uppermost level. Occupying a premier 484sqm (approx.) Golden Mile block with a sundrenched aspect to the rear.
A surprisingly tranquil oasis behind a walled frontage, the auto gate rolls back to reveal the first of multiple sweeping arches in the porched entranceway. Inside, on the lower level, the versatile floorplan is focused on a light-filled living and dining zone that leads into a practical kitchen with stainless steel appliances. Outside, an alfresco deck, lawn and roofed patio create a relaxed setting for entertaining while the heated 12.5m lap pool is a bonus for families.
A valuable 2nd living space on the middle level elevates the appeal further for families, as will the inclusion of 3 bedrooms sharing a stylishly renovated bathroom. The top floor houses a simply stunning main domain with a private deck and walk-in robe, lavish bathroom with separate vanity and a curvaceous bath positioned in the picture window with views across to the water.
A ground floor generous bedroom (WIR) plus study/sixth bedroom provides plenty of options, while an additional bathroom/laundry, substantial storage and ducted heating/split system cooling are also offered together with a choice of balconies and off-street parking for three cars.
A rare chance to position yourself amongst prestige real estate and with all the makings to create something truly special -perhaps with a designer extension to the rear (STCA), this unique property is just steps to the foreshore parklands and Elsternwick dog park. Buses, cafes and shops are nearby, while quality schooling is also just moments away.
The size of Elwood is approximately 2.6 square kilometres. It has 14 parks covering nearly 14.0% of total area. The population of Elwood in 2016 was 15543 people. By 2021 the population was 15153 showing a population decline of 2.5% in the area during that time. The predominant age group in Elwood is 30-39 years. Households in Elwood are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Elwood work in a professional occupation.In 2021, 46.90% of the homes in Elwood were owner-occupied compared with 41.90% in 2016.
Elwood has 10,278 properties. Over the last 5 years, Houses in Elwood have seen a -0.38% decrease in median value, while Units have seen a 3.91% increase. As at 31 March 2026:
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