118 Tower Road, Mount Eliza, VIC 3930 | Property Value & History | OnTheHouse
OFF MARKET

118 Tower Road
Mount Eliza VIC 3930

Bedrooms: 5
Bathrooms: 3
Car spaces: 3
Floor area: 395m2
Land area: 2584m2
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Property Details for 118 Tower Rd, Mount Eliza

118 Tower Rd, Mount Eliza is a 5 bedroom, 3 bathroom House with 3 parking spaces and was built in 1990. The property has a land size of 2584m2 and floor size of 395m2. While the property is not currently for sale or for rent, it was last sold in March 2017.

Building Type
House
Year Built
1990
Floor Size
395m2
Land Size
2584m2
Local Government
Mornington Peninsula
Lot/Plan
9/LP209497

Last Listing description (August 2026)

Positioned high above Port Phillip Bay on approximately 2,584sqm of established grounds, Lumiere House Commanding one of Mount Elizas most extraordinary uninterrupted panoramic bay vistas. From its elevated position, the views extend across the water to The Heads and Queenscliff, providing a constantly changing coastal backdrop where spectacular sunsets become part of everyday life. Combining substantial land, exceptional privacy and a prestigious Tower Road address, the property presents a rare opportunity to secure a significant bay-view estate in one of Mount Elizas most sought-after locations.

A tree-lined, hedge-framed approach creates an unforgettable sense of arrival and introduces the Danish-French inspired residence, where classic architectural design and generous proportions are matched by a strong connection to the surrounding landscape. Every principal living space has been carefully oriented towards the bay. Throughout the home, expansive windows and multiple indoor-outdoor living areas have been positioned to capture the magnificent outlook, ensuring the views remain the focal point of daily life. As day gives way to evening, the ever-changing sky becomes part of the experience, from spectacular sunsets that colour the bay throughout the seasons to, on rare occasions under favourable conditions, the unforgettable display of the Aurora Australis viewed from the terrace.

The residence offers five bedrooms, three bathrooms and a series of spacious living and dining areas that cater comfortably to family living and entertaining. Elegant checkerboard flooring, traditional wainscotting, marble finishes and timeless craftsmanship enhance the interiors, while a well-appointed kitchen features premium Bosch and ASKO appliances, natural stone benchtops and extensive cabinetry. Living spaces flow seamlessly to a covered terrace overlooking sprawling lawns, established gardens, a gazebo, pond, fruit trees and rose garden, creating an environment that is both private and picturesque.

The accommodation has been thoughtfully designed for families, with a well-considered layout that separates the main suite from additional bedrooms and living zones. A fireside lounge with balcony enjoys sweeping bay views, while a rumpus room, dedicated home office, study/storage room and extensive internal storage ensure flexibility and functionality for modern family life.

Beyond the home itself, the location is a key part of the property's appeal. Mount Eliza Primary School and Peninsula Grammar are within easy reach, while Mount Eliza Village is only moments away, providing cafes, restaurants, boutique shopping and everyday conveniences. The broader Mornington Peninsula lifestyle is equally accessible, with beaches, wineries, golf courses and local favourites including Tully's Corner Produce Store and Gateway Peninsula all nearby. Yet despite its remarkable sense of seclusion, every daily convenience remains only moments away.

Further features include a marble-finished laundry, triple garage with internal access, adjoining workshop with gas and water plumbing, extensive off-street parking, gas ducted heating, reverse-cycle air conditioning, water tank and comprehensive security system.

With approximately 2,584sqm of premium land, uninterrupted bay views, established grounds and an exceptionally convenient location, Properties of this scale, with uninterrupted panoramic bay views, significant landholding and such an established setting, are becoming increasingly difficult to secure. Lumiere House represents a rare opportunity to acquire not simply a luxury residence, but one of Mount Elizas landmark lifestyle estates.

Disclaimer: Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.

Property History for 118 Tower Rd, Mount Eliza, VIC 3930

A timeline of how this property has performed in the market
Last Sold
$1,980,000
28 Mar 2017
  • 28 May 2026
    Listed for Sale Off Market | $3,150,000 - $3,450,000
  • 28 Mar 2017
    Sold for $1,980,000
  • 15 Mar 2017
    Listed for Sale $1.9 Million Plus
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About Mount Eliza 3930

The size of Mount Eliza is approximately 23.4 square kilometres. There are 46 parks, covering nearly 8.9% of the total area. The population of Mount Eliza in 2016 was 17888 people. By 2021 the population was 18734 showing a population growth of 4.7% in the area during that time. The predominant age group in Mount Eliza is 10-19 years. Households in Mount Eliza are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mount Eliza work in a professional occupation.In 2021, 89.60% of the homes in Mount Eliza were owner-occupied compared with 88.00% in 2016.

Mount Eliza has 7,897 properties. Over the last 5 years, Houses in Mount Eliza have seen a -0.48% decrease in median value, while Units have seen a 17.01% increase. As at 30 June 2026:

  • The median value for Houses in Mount Eliza is $1,717,568 while the median value for Units is $783,844.
  • Houses have a median rent of $1,050 while Units have a median rent of $580.
There are currently 41 properties listed for sale, and 3 properties listed for rent in Mount eliza on OnTheHouse. According to Cotality's data, 348 properties were sold in the past 12 months in Mount eliza.

Suburb Insights for Mount Eliza 3930

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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.