3 Wave Street, Elwood, VIC 3184 | Property Value & History | OnTheHouse
OFF MARKET

3 Wave Street
Elwood VIC 3184

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 241m2
Land area: 360m2
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Property Details for 3 Wave St, Elwood

3 Wave St, Elwood is a 4 bedroom, 2 bathroom House and was built in 1925. The property has a land size of 360m2 and floor size of 241m2. While the property is not currently for sale or for rent, it was last sold in July 2014.

Building Type
House
Year Built
1925
Floor Size
241m2
Land Size
360m2
Local Government
Port Phillip
Lot/Plan
1/TP601486

Last Listing description (August 2026)

Positioned in one of Elwoods most coveted streets, behind an idyllic period faade, this recently transformed architecturally designed residence opens to reveal a refined balance of timeless character, contemporary luxury and effortless living.

Designed to maximise northern sunlight, the rear of the home unfolds into expansive living, kitchen and dining areas defined by soaring ceilings, walls of glass and a seamless connection between indoors and out through a series of oversized stackable glass sliding doors. Designed for year-round entertaining, this spectacular zone flows beautifully to the pool, outdoor shower, landscaped surrounds, lawn, gas-plumbed BBQ and AstroTurf play area. At the heart of the home is a substantial designer kitchen appointed with a suite of premium appliances, including two Miele self-cleaning ovens, induction Miele cooktop, integrated double-door Liebherr refrigerator, two dishwashers and Vintec wine fridge. The sizeable walk-in butlers pantry provides further storage, plus appliance, food preparation and cleaning areas, in addition to a built-in study nook overlooking the internal courtyard adding both practicality and architectural appeal. Accommodation is beautifully resolved across two levels, featuring four bedrooms and 2.5 bathrooms which are all finished to an exact standard with timber floors, wool carpets, Brodware antique bronze fixtures and hydronic heating throughout.

Upstairs, the primary suite feels as though it is floating with the treetops, complete with en-suite featuring dual shower and vanity, dressing room and almost 8m of wardrobes. Downstairs, three additional bedrooms are supported by a powder room and central bathroom, with direct access to the large front bedroom. A second living space with open fireplace rounds out this beautifully considered zone. Designed with living flexibility, the residence is equally suited to relaxed family living, sophisticated entertaining, working from home or downsizers ready to enjoy a low-maintenance bayside lifestyle. Further features include secure gated parking, video intercom, substantial attic storage and separate shed.

Positioned within moments of the beach, Ormond Road village, public transport, a variety of public and private schools, and local parks with bike and walking trails at the doorstep, this is a rare opportunity to secure a beautifully renovated period home where architecture, luxury and location come together effortlessly.

Property History for 3 Wave St, Elwood, VIC 3184

A timeline of how this property has performed in the market
Last Sold
$1,367,500
04 Jul 2014
Listed for Rent
$950/w
25 Aug 2012
  • 15 Jul 2026
    Listed for Sale $2,600,000 - $2,750,000
  • 04 Jul 2014
    Sold for $1,367,500
  • 10 Aug 2012
    Listed for Rent $950 / week
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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 10,294 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 17 properties listed for rent in Elwood on OnTheHouse. According to Cotality's data, 609 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.