31 Somerset Drive, Mount Martha, VIC 3934 | Property Value & History | OnTheHouse
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31 Somerset Drive
Mount Martha VIC 3934

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 411m2
Land area: 907m2
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Property Details for 31 Somerset Dr, Mount Martha

31 Somerset Dr, Mount Martha is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 2023. The property has a land size of 907m2 and floor size of 411m2. While the property is not currently for sale or for rent, it was last sold in November 2024.

Building Type
House
Year Built
2023
Floor Size
411m2
Land Size
907m2
Local Government
Mornington Peninsula
Lot/Plan
328/LP87739

Last Listing description (December 2024)

'Iluka'
In the heart of Mount Martha stands a newly constructed, contemporary masterpiece designed to enchant those with a penchant for the exceptional. This sustainable home is a tribute to natural and ethically sourced materials, offering a multi-generational floor plan rich in scale and thoughtfully designed to enjoy a range of views connecting to the great outdoors.

A seam-clad exterior contrasts elegantly with the whitewashed blackbutt fence, creating an immediate sense of seclusion. Upon entering through the grand glass door, you are welcomed by polished concrete floors and captivated by the lofty ceilings. The ground floor features a practical, yet charming mud room, along with a laundry area adorned in soothing blue tones and complete with a full wall of seamless, soft-touch cabinetry. This design mirrors the abundant integrated storage options available throughout the house. Further exploration reveals two large bedrooms, a lavish secondary master suite, a stylish main bathroom that showcases a scallop bathtub with a designer tile palette, and a generous family room with bifold doors that open to a professionally landscaped, peninsula native, drought-resistant garden.

Ascending the wide hardwood floating timber staircase, your attention is drawn to the exquisite European Oak Chevron parquetry wood flooring and graceful pendant lights that await at the top. While these elements are undeniably impressive, the true focal point of this spacious home is the breathtaking panoramic views of Port Phillip Bay, Melbourne City skyline, and Mount Martha Golf Course. These awe-inspiring vistas are framed by expansive custom floor-to-ceiling windows, softly complemented by flowing linen sheers and can be savoured from every angle of the primary entertaining area. In the heart of this unconfined space, lies an open and inviting kitchen, equipped with high-end SMEG appliances, including a double oven, a wine fridge, a butler's pantry, and luxurious custom Tundra and Carrera stone countertops that elegantly complement the sleek cabinetry and stylish fixtures. This fluidly connects to the covered outdoor alfresco area for year-round pleasure.

Double doors open into the master study, situated adjacent to the powder room that caters to the central hub of the home. Towards the rear, a fifth bedroom provides flexibility for various lifestyles, while a serene parents' retreat beckons. This tranquil space showcases a beautifully crafted walk-in wardrobe and ensuite featuring an Azul Mary stone accent wall in the dual shower. Retreating into the main sleeping area, a cleverly designed built-in day bed offers additional scenic views and creates a serene spot in the home where you can feel like you're floating above the treetops.

High-end finishes include bespoke cabinetry, internal doors, floor-to-ceiling double-glazed windows, block-out blinds, wool carpet, ducted heating and cooling, and an oversized double garage with ample parking spaces including rear access. This home has been designed with careful attention to detail, with a KWD colour consultation ensuring a harmonious blend of colours throughout the space, and the overall design being functional, elegant and sustainable, perched atop a prime location with proximity to Mount Martha Village, Balcombe Grammar and the finest beaches on the Peninsula.

Property History for 31 Somerset Dr, Mount Martha, VIC 3934

A timeline of how this property has performed in the market
Last Sold
$2,550,000
30 Nov 2024
  • 30 Nov 2024
    Sold for $2,550,000
  • 14 Oct 2024
    Listed for Sale $2,450,000 - $2,600,000
  • 02 Jun 2021
    Sold for $1,000,000
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About Mount Martha 3934

The size of Mount Martha is approximately 30.3 square kilometres. It has 43 parks covering nearly 11.5% of total area. The population of Mount Martha in 2016 was 18548 people. By 2021 the population was 19846 showing a population growth of 7.0% in the area during that time. The predominant age group in Mount Martha is 10-19 years. Households in Mount Martha are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Martha work in a professional occupation.In 2021, 84.20% of the homes in Mount Martha were owner-occupied compared with 82.40% in 2016.

Mount Martha has 9,668 properties. Over the last 5 years, Houses in Mount Martha have seen a 25.98% increase in median value, while Units have seen a 30.24% increase. As at 30 November 2025:

  • The median value for Houses in Mount Martha is $1,450,650 while the median value for Units is $865,001.
  • Houses have a median rent of $800 while Units have a median rent of $628.
There are currently 44 properties listed for sale, and 1 property listed for rent in Mount martha on OnTheHouse. According to Cotality's data, 446 properties were sold in the past 12 months in Mount martha.

Suburb Insights for Mount Martha 3934

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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.