2/44 Wave St, Elwood is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 860m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 2 bedroom Unit sold in Elwood in the last 12 months.
***SOLD - MORE PROPERTIES WANTED***
Step into a relaxed coastal lifestyle with this beautifully modern & updated ground-floor garden villa, perfectly positioned in one of Elwoods most sought-after pockets.
Set within a boutique block of just seven, this light-filled residence combines space, style and everyday practicality. Freshly painted throughout and enhanced with new carpets in the bedrooms, the home offers two queen sized bedrooms, both with built-in robes, serviced by a modern tiled bathroom complete with rain shower, separate toilet and integrated laundry facilities.
The well-appointed kitchen provides ample cupboard and bench space with new Bosch dishwasher, Blanco cooktop & oven , while a spacious living and dining area flows seamlessly to a private decked courtyard with its own separate access gateideal for entertaining or simply enjoying the fresh coastal air.
What truly sets this property apart is its rare and highly desirable inclusion: a large, separate home office/ studio/ storage room exclusive to this apartment and perfect for those working from home, needing extra storage, or seeking a flexible additional space or even a beach cabin. Bonus is an attached separate communal powder room.
Adding further appeal are two off-street car spaces (one undercover), secure intercom entry, gated access and split system heating and cooling for year-round comfort.
Key Features:
- Ground-floor garden villa in boutique block of just 7
- Two spacious bedrooms with built-in robes & ceiling fans
- Modern kitchen with Bosch dishwasher & Blanco appliances
- Light-filled open-plan living flowing to private decked courtyard with separate access
- Large separate Home-Office/ Studio/ Storage Room (unique & exclusive to the apartment) with attached Separate communal powder room
- Two off-street car spaces (one undercover)
- Low Strata Fees
- High rental yield of $900 - $990pw unfurnished / $1100 - $1250pw furnished
- Prime Elwood real estate located within the Golden Triangle
- Beachside location: walk to beach, cafes, restaurants & bars
- Walk to schools including Elwood College & public transport
- Enjoy parks & gardens including Point Ormond, Foreshore & Paul Hester Canal Walk Reserve
Positioned between the charm of Elwood Village, Tennyson & Glenhuntly Villages, and the energy of St Kilda and Elsternwick, youll enjoy easy walking access to cafes, restaurants, boutique shopping, parklands, , and walk to the beach. With Elwood Primary School, Elwood College, and transport options including Brighton Road trams, SkyBus to the Airport and nearby Elsternwick and Ripponlea stations all within close reach, this is a lifestyle location that truly delivers.
A smart investment, ideal owner-occupier opportunity, Corporate leasing or Airbnb, or a city beach pad with work from home capabilities, this is low-maintenance living with a unique edge in a premium beachside setting.
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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 10,272 properties. Over the last 5 years, Houses in Elwood have seen a 0.20% increase in median value, while Units have seen a 2.44% increase. As at 30 April 2026:
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