650 Esplanade, Mornington, VIC 3931 | Property Value & History | OnTheHouse
OFF MARKET

650 Esplanade
Mornington VIC 3931

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Land area: 1101m2
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Property Details for 650 Esplanade, Mornington

650 Esplanade, Mornington is a 4 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1101m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
House
Land Size
1101m2
Local Government
Mornington Peninsula
Lot/Plan
1/LP41478

Last Listing description (March 2023)

An exceptionally rare development opportunity directly opposite the foreshore, this original 1960s home on a huge 1099sqm corner allotment awaits a contemporary transformation or subdivision for at least two brand-new luxury beachfront homes (STCA) worthy of the blue-chip location. With mature trees and buffered from the Esplanade behind a tall fence and gates with a wide frontage, the property is steps from the popular Nunns Walk trail meandering down to a selection of crystal coves and just a short stroll to the Dava Drive shops and cafes. Perfect to rent out while awaiting planning approvals, the two-bedroom residence boasts a spacious living area with original timber floors, sash windows and split-system airconditioning, a tidy granite kitchen includes a Miele dishwasher and Blanco oven and a renovated bathroom with walk-in shower. Just a four minute drive to bustling Main Street and potentially capturing bay views from an upper level or rooftop terrace, this an exciting project and a chance to make a design statement with a prominent Esplanade address.

- Exciting subdivision potential (STCA)
- Prime site for luxury new coastal homes

- 1099sqm (approx.) corner allotment
- Opposite Nunns Walk coastal trail
- Short stroll to Coral Cove beach
- Original 1960s 2BR residence
- Wide front porch backdropped by bay breezes
- Original hardwood timber floors & sash windows
- Sublevel carpeted games room or home office
- Expansive under-house storage
- Walk to Dava Drive shops & cafes
- Short drive to Main Street

Property History for 650 Esplanade, Mornington, VIC 3931

A timeline of how this property has performed in the market
Last Sold
$1,950,000
04 Mar 2023
Listed for Rent
$350/w
31 Jul 2015
  • 04 Mar 2023
    Sold for $1,950,000
  • 25 Jan 2023
    Listed for Sale AUCTION SATURDAY 4TH MARCH AT 11AM
  • 24 Jun 2015
    Listed for Rent $350 / week
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About Mornington 3931

The size of Mornington is approximately 21.3 square kilometres. It has 58 parks covering nearly 13.4% of 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 15,844 properties. Over the last 5 years, Houses in Mornington have seen a 18.10% increase in median value, while Units have seen a 20.38% increase. As at 31 January 2026:

  • The median value for Houses in Mornington is $1,179,805 while the median value for Units is $812,084.
  • Houses have a median rent of $680 while Units have a median rent of $595.
There are currently 43 properties listed for sale, and 2 properties listed for rent in Mornington on OnTheHouse. According to Cotality's data, 681 properties were sold in the past 12 months in Mornington.

Suburb Insights for Mornington 3931

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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.