10 Rainbow Pl, Mornington is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2016. The property has a land size of 91m2. While the property is not currently for sale or for rent, it was last sold in April 2016.
Tucked into a quiet, tightly held pocket of one of the Mornington Peninsula's most sought-after seaside townships, 10 Rainbow Place offers something genuinely rare: a beautifully appointed, near-new home in turnkey condition, positioned just moments from the sparkling waters of Port Phillip Bay and the heart of vibrant Mornington Village. Lightly lived in and immaculately presented, this is a home where the hard work has already been done - the only thing left to do is unpack the car and pour the first glass of peninsula pinot.
A thoughtfully designed three-bedroom, two-bathroom residence with a double garage and not one but two outdoor terraces - perfect for tracking the sun, entertaining year-round, or simply enjoying a quiet coffee in the morning air. The kitchen and appliances have been upgraded to a premium specification, delivering the kind of finish that's increasingly difficult to find at this price point in this postcode.
The layout and condition of this home make it a standout option for an unusually broad cross-section of buyers:
Mornington is the jewel in the crown of the Mornington Peninsula - a sun-drenched bayside township roughly 60 kilometres south-east of Melbourne's CBD. It is the rare suburb that offers the best of both worlds: weekend energy, world-class hospitality and unspoilt coastline on one hand, weekday convenience, established infrastructure and genuine community on the other.
Life here is dictated by the rhythm of the bay. Mornings begin with a coffee on Main Street or a swim at Mothers Beach. Afternoons stretch into long lunches at one of the peninsula's celebrated cellar doors. Evenings are spent watching the sun melt into the water from the historic Mornington Pier - or, increasingly, from one of two private terraces at Rainbow Place.
The home sits within walking and easy driving distance of several of the area's most beloved beaches:
*Mills Beach - home to the iconic, candy-coloured beach boxes that have become synonymous with the Mornington brand
*Mothers Beach - a gentle, family-friendly cove sheltered by Schnapper Point and the Mornington Pier
*Fishermans Beach - the quieter, locally loved stretch favoured by paddleboarders, swimmers and dog walkers.
The Mornington Foreshore and Coastal Walk links these beaches via one of Victoria's most picturesque clifftop trails - an everyday luxury that residents quickly take for granted.
Just a short stroll or quick drive away, Main Street Mornington is consistently ranked among Victoria's premier village shopping and dining strips. The tree-lined boulevard hums with destination cafes, wine bars, boutique fashion, fresh produce grocers, day spas and weekend markets. Favourites within easy reach include the Mornington Farmers' Market, Commonfolk Coffee, Via Boffe and a deep bench of long-running family restaurants.
For everyday needs, Mornington Central and Bentons Square Shopping Centre cover the major supermarkets, fashion, services and specialty retailers - meaning a weekly grocery run never requires leaving the township.
Schools, Services and Community
Mornington offers a complete schooling ecosystem from prep through to Year 12:
*Primary: Mornington Primary School, Mornington Park Primary, Benton Junior College
*Secondary: Mornington Secondary College, Padua College (independent Catholic, multi-campus)
*Specialist & Early Years: Mornington Special Developmental School and a strong network of childcare and kindergarten providers
Connected to Melbourne, Removed from the Rush
Despite its holiday-town feel, Mornington is genuinely commutable. Peninsula Link and the Mornington Peninsula Freeway provide a clean run to EastLink and the wider Melbourne motorway.
The size of Mornington is approximately 21.3 square kilometres. There are 58 parks, covering nearly 13.4% of the total area. The population of Mornington in 2016 was 23989 people. By 2021 the population was 25759 showing a population growth of 7.4% in the area during that time. The predominant age group in Mornington is 70-79 years. Households in Mornington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mornington work in a professional occupation.In 2021, 73.30% of the homes in Mornington were owner-occupied compared with 71.60% in 2016.
Mornington has 15,853 properties. Over the last 5 years, Houses in Mornington have seen a -6.51% decrease in median value, while Units have seen a 2.16% increase. As at 31 August 2026:
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