48 Ormond Road, Elwood, VIC 3184 | Property Value & History | OnTheHouse
OFF MARKET

48 Ormond Road
Elwood VIC 3184

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 621m2
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Property Details for 48 Ormond Rd, Elwood

48 Ormond Rd, Elwood is a 3 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 621m2.

Building Type
Unit
Land Size
621m2
Local Government
Port Phillip
Lot/Plan
2/PS447698

Last Listing description (May 2026)

Crowning a tightly held contemporary complex on the Golden Mile, this extraordinary penthouse residence delivers over 300 sqm of indoor and outdoor living, with direct lift access to a private foyer, offering house-sized proportions, city-view brilliance, and a seclusion that juxtaposes its enviable village setting.
Double pivot doors reveal palatial north-facing interiors that stop you in your tracks, with floor-to-ceiling glass on either side of the living and dining spaces dissolving the boundary between inside and out. The sky terrace is unlike anything else, elevated above the tree-lined streetscape stretching to the sweeping city panorama beyond, wrapping around the entire north-west side of the home for the ultimate in entertaining. A stacked-stone feature wall housing the gas fireplace adds ambience inside, spilling into a kitchen which continues the entertainment appeal with stone benchtops, a Bertazzoni 900 series range with gas cooktops, a Miele dishwasher, and a walk-in pantry.
Three substantial bedrooms all boast built-in robes, with two offering direct terrace access. The main suite is a true sanctuary, with Japanese-inspired walk-in robes, a lavishly sized twin-shower ensuite, and direct access to a private balcony overlooking the Plane trees. An oversized main bathroom with a freestanding bath, rainfall shower, and marble finishes further enhances the impressive amenities, adjoining a laundry and a wealth of storage in the hallway.

Elwood Primary School and Elwood College, bus routes, and Ormond Village's European-style outdoor dining and boutiques are within easy walking distance, with the beach, parks, and the area's best cafes and wine bars equally close at hand. Motorised external blinds, hydronic heating panels, split-system air conditioning, a powder room, two secure basement car spaces, and a dedicated storeroom complete a first-class home that is equally suitable to discerning owner-occupiers as it is to astute investors, all in an unmatched beachside setting.

Property History for 48 Ormond Rd, Elwood, VIC 3184

A timeline of how this property has performed in the market
  • 29 Apr 2026
    Listed for Sale $1,900,000-$2,090,000
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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 10,269 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 21 properties listed for sale, and 12 properties listed for rent in Elwood on OnTheHouse. According to Cotality's data, 608 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.