84 Two Bays RoadMount Eliza VIC 3930
Property Details for 84 Two Bays Rd, Mount Eliza
Last Listing description (June 2026)
Capturing sweeping views across the Mornington Peninsula hinterland to Western Port and the rolling landscape of Red Hill, this remarkable 1 acre (approx. 4,309m) parcel of land presents a rare opportunity to create an exceptional lifestyle residence on Mt Elizas coveted eastern slopes.
With substantial groundwork already in place, including excavation and connections to electricity and water, along with previously approved plans for a significant hillside residence, the site is well prepared for future development.
Offering further flexibility, the generous landholding may also present potential for subdivision (STCA), allowing buyers to sell a portion to assist with their build or retain as a long-term investment. A wide 35.8m frontage and elevated position between 85m and 128m above sea level ensures the breathtaking outlook will remain uninterrupted.
Positioned just moments from Mt Eliza Regional Park & Emil Madsen Reserve, the setting embraces a tranquil natural environment with walking trails, native birdlife and leafy surrounds, while still being within easy reach of Mt Eliza Village, prestigious schools including Peninsula Grammar and Toorak College, and an array of beaches, cafs and restaurants.
The original approved plans feature a substantial two-storey residence of generous proportions, including six bedrooms, multiple living areas opening to a viewing balcony and rear deck, a gourmet kitchen with walk-in pantry, a luxurious master suite capturing panoramic outlooks, guest accommodation with ensuite, a study, theatre, lift and double garage.
Alternatively, purchasers may choose to refine the design to a bespoke architectural statement to fully capitalise on this extraordinary site.
Homes and Acreage is proud to be offering this property for sale To arrange an inspection or for further information, please contact Candice Blanch on 0447 188 469.
Property History for 84 Two Bays Rd, Mount Eliza, VIC 3930
- 23 Jun 2026Listed for Sale $590,000 - $649,000
- 11 Mar 2025Sold for $570,000
- 11 Nov 2024Listed for Sale $565,000 - $600,000
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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 7,892 properties. Over the last 5 years, Houses in Mount Eliza have seen a -0.16% decrease in median value, while Units have seen a 23.70% increase. As at 31 May 2026:
- The median value for Houses in Mount Eliza is $1,679,052 while the median value for Units is $786,192.
- Houses have a median rent of $1,050 while Units have a median rent of $570.
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