2/38 Pine Avenue, Elwood, VIC 3184 | Property Value & History | OnTheHouse
OFF MARKET

2/38 Pine Avenue
Elwood VIC 3184

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 110m2
Land area: 616m2
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Property Details for 2/38 Pine Ave, Elwood

2/38 Pine Ave, Elwood is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1940. The property has a land size of 616m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in June 2024.

Building Type
Unit
Year Built
1940
Floor Size
110m2
Land Size
616m2
Local Government
Port Phillip
Lot/Plan
2A/PS403494

Last Listing description (December 2025)

In a boutique group of just four at the prized beach end of leafy Pine Street, this timelessly elegant courtyard apartment presents downsizers, professionals and lifestyle buyers with low maintenance house-sized living all on one level, the bonus of two courtyards, a garage - and an enviable blue-ribbon address!
Securely gated with intercom entry for added peace of mind, the sun-swept home is cleverly configured, ensuring its sleeping quarters are set well away from its main social areas.
Able to be closed off for optimum quietude, the two bedrooms and stunning bathroom are positioned in a zone of their own. Both have the luxury of built-in storage and are enhanced by plantation shutters; the main bedroom also has a tranquil reading nook and enjoys direct access to the first of two private terraces.

At the other end of the apartment, discover an incredibly vast entertaining area and beautifully appointed gourmet kitchen with premium appliances and timber bench tops. With a wall of bi-folds extending the living outside to a sun-trap decked terrace, this fabulous indoor-outdoor zone is a space that invites peaceful relaxation, grand-scale gatherings and everything in between.
Featuring a concealed European-style laundry, copious amounts of bespoke storage, ducted heating and split system heating/cooling and garage, the home is a leisurely stroll from Elwood village, Elsternwick Park and both the primary and secondary school - it is also within easy reach of city-bound trams and trains for a stress-free workday commute.

Property History for 2/38 Pine Ave, Elwood, VIC 3184

A timeline of how this property has performed in the market
Last Sold
$1,250,000
28 Jun 2024
Listed for Rent
$520/w
22 Feb 2012
  • 28 Jun 2024
    Sold for $1,250,000
  • 09 Apr 2024
    Listed for Sale Not Disclosed
  • 18 Dec 2019
    Sold for $1,200,000
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About Elwood 3184

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 10,273 properties. Over the last 5 years, Houses in Elwood have seen a 7.50% increase in median value, while Units have seen a 6.42% increase. As at 31 December 2025:

  • The median value for Houses in Elwood is $2,279,837 while the median value for Units is $710,695.
  • Houses have a median rent of $625 while Units have a median rent of $580.
There are currently 16 properties listed for sale, and 8 properties listed for rent in Elwood on OnTheHouse. According to Cotality's data, 594 properties were sold in the past 12 months in Elwood.

Suburb Insights for Elwood 3184

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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.