7 Costerman Terrace, Marengo, VIC 3233 | Property Value & History | OnTheHouse
OFF MARKET

7 Costerman Terrace
Marengo VIC 3233

Bedrooms: 5
Bathrooms: 4
Car spaces: 3
Floor area: 359m2
Land area: 4412m2
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Property Details for 7 Costerman Tce, Marengo

7 Costerman Tce, Marengo is a 5 bedroom, 4 bathroom House with 3 parking spaces and was built in 2015. The property has a land size of 4412m2 and floor size of 359m2. While the property is not currently for sale or for rent, it was last sold in February 2014.

Building Type
House
Year Built
2015
Floor Size
359m2
Land Size
4412m2
Local Government
Colac Otway
Lot/Plan
41/LP221749

Last Listing description (March 2026)

Set on an expansive 4,412sqm allotment in a tightly held pocket of Marengo, this exceptional residence delivers a rare combination of scale, privacy and natural beauty. Custom-designed this home has been thoughtfully crafted to embrace its spectacular outlook, with sweeping views across the ocean, rolling farmland and distant mountain ranges forming a stunning backdrop.

Spanning two generous levels, the home comprises five bedrooms and four bathrooms, all enhanced by air conditioning for year-round comfort. Multiple living zones provide flexibility for large families or those who love to entertain, while numerous timber decks invite you to relax outdoors in every season. A covered alfresco area is complete with an outdoor kitchen and swim spa.

Expansive floor-to-ceiling windows flood the interiors with natural light and frame the surrounding landscape at every turn. The residence showcases a carefully curated palette of materials, including Sandhurst Stone blocks, Masterwall cladding for enhanced insulation, Hoobler Stone and striking Cypress Pine posts. Polished concrete floors anchor the ground level with a contemporary edge, while tiles and plush carpet add warmth and comfort upstairs.

The ground floor welcomes you with an impressive entry foyer and a stunning timber and glass staircase leading to the upper level. One wing incorporates a guest bedroom, bathroom, lounge and a dedicated sewing room or office, while the opposite side provides access to a spacious laundry/mudroom and double garage, ensuring practicality matches the homes refined aesthetic.

Upstairs, two additional bedrooms share a beautifully appointed bathroom featuring a deep soaking tub. The master suite offers a walk-in robe, private ensuite and convenient laundry chute. A separate parents retreat or studio apartment enhances the versatility of the layout, complete with its own ensuite, kitchenette, private deck and external stair access, ideal for guests, extended family or Airbnb.

At the heart of the home, the kitchen impresses with stone benchtops, a walk-in pantry, gas cooking and a large island bench with integrated sink. This central hub flows naturally into the open-plan living and dining domain, which extends effortlessly onto a substantial timber deck designed for soaking in the panoramic views.

Further features include a 5kW solar PV system, an impressive 80sqm Colorbond shed and generous lawn areas dotted with native trees, shrubs and established fruit trees.

KEY FEATURES
Generous 4,412 sqm block in an exclusive Marengo setting
Residence custom-designed by PK Studio of Torquay
Spectacular outlook with ocean, farmland and mountain views
5 bedrooms and 4 bathrooms across two levels, all with air conditioning, including a separate parents retreat or studio apartment
Multiple livings spaces, plus numerous timber decks, including a covered alfresco space with outdoor kitchen, bar fridge and swim spa
Build materials include Sandhurst Stone blocks, Masterwall cladding, Hoobler Stone and Cypress Pine posts
Large entertainers kitchen with stone bench tops, a walk-in pantry, gas cooking and a large island bench with sink
5kW solar PV system, 80 sqm Colorbond shed, plus generous areas of lawn populated with numerous native and fruit trees

Property History for 7 Costerman Tce, Marengo, VIC 3233

A timeline of how this property has performed in the market
Last Sold
$325,000
11 Feb 2014
  • 25 Feb 2026
    Listed for Sale $2,250,000 to $2,400.000
  • 11 Feb 2014
    Sold for $325,000
  • 19 Sep 2009
    Listed for Sale 385000
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About Marengo 3233

The size of Marengo is approximately 2.7 square kilometres. It has 3 parks covering nearly 8.1% of total area. The population of Marengo in 2016 was 239 people. By 2021 the population was 272 showing a population growth of 13.8% in the area during that time. The predominant age group in Marengo is 60-69 years. Households in Marengo are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Marengo work in a managers occupation.In 2021, 83.60% of the homes in Marengo were owner-occupied compared with 65.00% in 2016.

Marengo has 366 properties. Over the last 5 years, Houses in Marengo have seen a 14.22% increase in median value, while Units have seen a 18.20% increase. As at 31 March 2026:

  • The median value for Houses in Marengo is $1,087,144 while the median value for Units is $658,828.
  • Units have a median rent of $230.
There are currently 4 properties listed for sale, and no properties listed for rent in Marengo on OnTheHouse. According to Cotality's data, 5 properties were sold in the past 12 months in Marengo.

Suburb Insights for Marengo 3233

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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.