3/49 Spray Street, Elwood, VIC 3184 | Property Value & History | OnTheHouse
OFF MARKET

3/49 Spray Street
Elwood VIC 3184

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 154m2
Land area: 398m2
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Property Details for 3/49 Spray St, Elwood

3/49 Spray St, Elwood is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2016. The property has a land size of 398m2 and floor size of 154m2.

Building Type
Unit
Year Built
2016
Floor Size
154m2
Land Size
398m2
Local Government
Port Phillip
Lot/Plan
3/PS727677

Last Listing description (April 2026)

Perfectly positioned in a prized beachside pocket of Spray Street, this beautifully appointed three-bedroom apartment offers an enviable combination of space, style and effortless coastal living, just moments from the shoreline of Elwood Beach. Set within one of bayside Melbournes most tightly held suburbs, the residence presents an exceptional lifestyle opportunity in the heart of Elwood.

Spanning two levels, the home has been thoughtfully designed with both comfort and functionality in mind. A generous open-plan living and dining area is bathed in natural light, creating a warm and welcoming atmosphere from the moment you enter. The layout flows seamlessly throughout the living spaces, making it ideal for relaxed everyday living as well as entertaining family and friends.

The well-equipped kitchen forms the heart of the home and features gas cooking, a double oven, dishwasher, wine fridge and ample storage and bench space, making every day cooking a pleasure. Additional features include ducted vacuum, along with central heating and cooling for year-round comfort.

Accommodation comprises three well-proportioned bedrooms, two with built-in robes, while the third bedroom is positioned on the upper-level mezzanine. The main bedroom enjoys the privacy of its own ensuite, while a central bathroom comfortably services the remaining bedrooms.

Completing the home are two secure off-streetcar spaces, a rare and highly valuable feature in this sought-after beachside location.

Beyond your front door, immerse yourself in the relaxed charm of Elwood, renowned for its leafy streets, vibrant café culture and village atmosphere. Enjoy morning walks or sunset strolls along the beach, explore nearby parks, boutique shopping strips and local eateries, or take advantage of convenient public transport options providing easy access to the Melbourne CBD.

Offering the perfect balance between low-maintenance living and generous proportions, this impressive two-level apartment is ideally suited to professionals, couples or families seeking a premium rental in a blue-chip bayside location. With spacious interiors, secure parking and unbeatable proximity to the beach, this is a wonderful opportunity to enjoy the very best of coastal living.

Property History for 3/49 Spray St, Elwood, VIC 3184

A timeline of how this property has performed in the market
Listed for Rent
$1.15k/w
09 Apr 2026
  • 06 Mar 2026
    Listed for Rent $1,150 / week
  • 11 Feb 2022
    Listed for Rent $950 / week
  • 17 Jul 2019
    Listed for Rent - Price not available
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About Elwood 3184

The size of Elwood is approximately 2.6 square kilometres. There are 14 parks, covering nearly 14.0% of the 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 10,293 properties. Over the last 5 years, Houses in Elwood have seen a -4.21% decrease in median value, while Units have seen a -0.43% decrease. As at 30 June 2026:

  • The median value for Houses in Elwood is $2,221,265 while the median value for Units is $697,164.
  • Houses have a median rent of $1,070 while Units have a median rent of $600.
There are currently 14 properties listed for sale, and 13 properties listed for rent in Elwood on OnTheHouse. According to Cotality's data, 604 properties were sold in the past 12 months in Elwood.

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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.