2/89 Ormond Esp, Elwood is a 3 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 462m2. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 3 bedroom Unit sold in Elwood in the last 12 months.
A truly rare and exciting opportunity awaits on Elwoods exclusive Golden Mile beachfrontopposite Elwood Foreshore and just steps from the vibrant Ormond Road Village. This c.1920s gem, split across two titles on a substantial landholding of 462sqm (approx.), is being sold as one, offering endless potential for the visionary buyer. The top-floor residence boasts stunning bay views, expansive living areas, and four bedrooms across two levels, while the lower-floor unit enjoys the privacy of a front garden and patio, complete with two bedrooms and two bathrooms. With laneway access to a double garage and keyless entry for both units, this property presents a golden opportunity for revival or a complete transformation into an incredible new home site. Whether you seek to restore its original grandeur, create a state-of-the-art family home, or explore development potential (STCA), the possibilities are as substantial and impressive as the location itself. Walk across the road to beautiful Elwood Beach, kilometers of Bay Trails, and foreshore reserves, or stroll around the corner to renowned Elwood Village boutiques, eateries, and bars. Perfectly positioned near Elwood Park and the Foreshore, this address also offers proximity to Elsternwick Park, Brighton's esteemed private schools, and easy transport links.
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:
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