201/51 Ormond Esplanade, Elwood, VIC 3184 sold on 02 January 2026 | OnTheHouse
 
SOLD
Sold on 02 Jan 2026 for $6,400,000

201/51 Ormond Esplanade
Elwood VIC 3184

Bedrooms: 5
Bathrooms: 5
Car spaces: 5
Land area: 800m2
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Property Details for 201/51 Ormond Esp, Elwood

201/51 Ormond Esp, Elwood is a 5 bedroom, 5 bathroom Unit with 5 parking spaces and was built in 1939. The property has a land size of 800m2. While the property is not currently for sale or for rent, it was last sold in January 2026. There are other 5 bedroom Unit sold in Elwood in the last 12 months.

Building Type
Unit
Year Built
1939
Land Size
800m2
Local Government
Port Phillip
Lot/Plan
201/PS812884

Last Listing description (December 2025)

Perched atop the iconic St Kiernan building, a Modernist masterpiece dating back to 1939, this breathtaking penthouse offers the ultimate in bespoke luxury living. Located on Elwood's exclusive Golden Mile beachfront, the residence combines unparalleled indoor/outdoor entertaining with panoramic 360-degree views of the Bay and CBD skyline. Features include an infinity-edge rooftop pool and spa, secure garage parking for 5 cars, direct lift access, and meticulously designed spaces that set a new standard for luxury living.

This remarkable five-bedroom, six-bathroom penthouse is the result of an extensive, owner-led restoration and reconstruction, transforming one of Elwood's most distinguished period buildings into a contemporary masterpiece. With a flawless balance of sophisticated design and modern functionality, the property spans over 800 sqm (approx.) of interior and exterior living space, including over 300 sqm of outdoor areas, all designed to capture the stunning views.

Interior Highlights: The penthouse showcases multiple light-filled living areas, each designed for optimal comfort and elegance. The open-plan living domain is anchored by a striking marble kitchen equipped with integrated fridge/freezer, state-of-the-art WOLF appliances (including steam oven and both gas and induction cooktops), a walk-in pantry, and adjoining dining. Floor-to-ceiling, steel-framed glazing opens seamlessly to an expansive terrace, offering uninterrupted water views of the Bay.

At the rear, a generous north-facing living space with a gas fireplace provides the perfect setting for memorable entertaining. A built-in marble bar with integrated fridge and twin Miele wine fridges adjoins a deep terrace with breathtaking city views.

Rooftop Oasis: The jewel of the home is the rooftop pavilion, with lift access. This luxurious space includes a kitchenette, powder room, and twin landscaped terraces, all surrounding an infinity-edge pool/spa that seems to spill into the horizon. The expansive vistas from the rooftop provide a 360-degree view of the Bay, city skyline, and beyond-creating the ultimate space for entertaining or relaxing in solitude.

Private Retreat: The grand main bedroom suite is an oasis of tranquillity, with twin walk-in robes, an incredible marble ensuite with a double steam shower, soaker bath, and a sumptuous retreat area. The suite is cleverly positioned next to a fourth living room with an open fireplace and two bespoke studies, ensuring a sense of privacy and luxury.

Additional Features:
Five spacious ensuite bedrooms
Multiple living zones for family and entertaining
North-facing terrace with city views
Three-car private garage plus two additional parking spaces
Extensive storage throughout
Lift access to all levels

Location: This unique home offers the perfect blend of coastal lifestyle and city convenience. Situated just across the road from Elwood Beach and surrounded by kilometres of Bay Trails and foreshore reserves, the penthouse is also within walking distance of Elwood Village, offering renowned boutiques, cafes, and bars. With easy access to transport links, the home is just a short commute to prestigious private schools, including Brighton, Firbank, Caulfield, Melbourne & St Michael's Grammar, and more. The CBD and Mornington Peninsula are also easily accessible, adding to the home's unrivalled location.
An extraordinary residence that defines luxury living-this penthouse is a once-in-a-lifetime opportunity.

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Property History for 201/51 Ormond Esp, Elwood, VIC 3184

A timeline of how this property has performed in the market
Last Sold
$6,400,000
02 Jan 2026
  • 02 Jan 2026
    Sold for $6,400,000
  • 13 Jan 2025
    Listed for Sale $8,000,000 - $8,500,000
  • 30 Jun 2017
    Sold for $1,900,000
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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 10,279 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:

  • The median value for Houses in Elwood is $2,183,934 while the median value for Units is $706,747.
  • Houses have a median rent of $1,120 while Units have a median rent of $595.
There are currently 23 properties listed for sale, and 15 properties listed for rent in Elwood on OnTheHouse. According to Cotality's data, 610 properties were sold in the past 12 months in Elwood.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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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.

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