7/3 Ormond Esplanade, Elwood, VIC 3184 | Property Value & History | OnTheHouse
 
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7/3 Ormond Esplanade
Elwood VIC 3184

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 84m2
Land area: 675m2
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Last updated 19 Jan 2026
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Property Details for 7/3 Ormond Esp, Elwood

7/3 Ormond Esp, Elwood is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1996. The property has a land size of 675m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in June 2022.

Building Type
Unit
Year Built
1996
Floor Size
84m2
Land Size
675m2
Local Government
Port Phillip
Lot/Plan
7/PS339347

Last Listing description (June 2022)

EXPRESSIONS OF INTEREST CLOSING MONDAY 6TH JUNE AT 3.00PM

Be privy to unforgettable water views from the top floor vantage point of this sophisticated lifestyle apartment. Soaking up vistas that stretch around the bay and right to the horizon, this is a stunning setting for low maintenance living that is perfect for quiet nights or fabulous get-togethers.
Ebony-toned timber floors add an air of chic style through the open plan layout that comprises a spacious living and dining zone flaunting floor to ceiling windows letting in streams of light and maximising the views. Huge steel doors open to an alfresco balcony dishing up more than enough space to entertain outdoors as you inhale the fresh sea air, whilst the stone-topped kitchen satisfies with plenty of storage and quality appliances.

Fitted wardrobes star in the two generous bedrooms which are both softly carpeted the master with ensuite access to an extravagant proportioned fully-tiled bathroom with frameless shower. A Euro laundry, large linen cupboard and two split systems are also offered along with the peace of mind of secure entry to the boutique building and two undercover car spaces.
A prestige position directly opposite the bay and with the foreshore greenery & walking trails to enjoy, there is also Elwood village within an easy walk where dining options and providores are sure to tempt.

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Property History for 7/3 Ormond Esp, Elwood, VIC 3184

A timeline of how this property has performed in the market
Last Sold
$857,500
07 Jun 2022
Listed for Rent
$700/w
09 Jul 2020
  • 07 Jun 2022
    Sold for $857,500
  • 20 May 2022
    Listed for Sale Under Offer
  • 02 Jun 2020
    Listed for Rent $750 / week
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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 10,273 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:

  • The median value for Houses in Elwood is $2,279,837 while the median value for Units is $710,695.
  • Houses have a median rent of $625 while Units have a median rent of $580.
There are currently 13 properties listed for sale, and 8 properties listed for rent in Elwood on OnTheHouse. According to Cotality's data, 590 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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