339 Nepean Highway, Mount Martha, VIC 3934 | Property Value & History | OnTheHouse
FOR SALE

339 Nepean Highway
Mount Martha VIC 3934

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 20234m2
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Property Details for 339 Nepean Hwy, Mount Martha

Building Type
Land
Land Size
20234m2
Local Government
Mornington Peninsula
Lot/Plan
1/LP138509

Last Listing description (July 2026)

Idyllically located on five acres of tranquil pastureland nestled between the Bay and The Briars, with bay and city views, this captivating coast-meets-country property presents a rare opportunity to reside in this exclusive rural environment, just minutes to Mount Martha beach and Village.

Privately set well back from the road, down a long driveway, the sprawling, five-bedroom single-level brick home has a rich history and contains unique features such as a timber mantle that originated as a sleeper on The Ghan railway, and handmade convict bricks inserted into the fireplace surrounds. Solidly built, with raked exposed-beam ceilings and slate and timber flooring, the generously proportioned layout is perfect for contemporary family living and effortless indoor/outdoor entertaining. Oriented towards the north, with far-reaching bay and rural views, the main open plan living/dining area features an open wood fireplace and flows through to the casual dining area that leads to a verandah and elevated entertaining deck.

The well-appointed central kitchen has 2 ovens, a Bosch induction cooktop, dishwasher, pantry and the adjoining spacious living area has a woodfire heater and reverse cycle air conditioning. The master bedroom is zoned in the front section of the home and has a walk-through robe and ensuite bathroom, and another bedroom, with fitted robe, is also in this section and could be ideal as a nursery or study, while a further three large bedrooms, all with built-in robes, plus the main family bathroom are positioned together in the home's rear zone. Also includes 2 separate living zones, a powder room, laundry with external access, an abundance of storage cabinetry, split system heating/cooling, and outside is a timber separate studio/home office, a four-car garage/machinery shed plus a covered double carport attached to the home.

Originally set up for equestrian pursuits, the 20,234 square metres (approx.) of elevated, undulating land is fully fenced, with paddocks, bushland pockets and a dam that attracts native wildlife including turtles and blue-tongue lizards. Birdlife also abounds in this tranquil landscape with kookaburras and blue wrens regular visitors. There are three large-capacity water tanks, and an assortment of established fruit trees including apple, plum and olive. This fabulous Mornington Peninsula location is just a short walk to Balcombe Grammar, Balcombe Creek Trail, and The Briars, and within five minutes to Mornington or Mount Martha beaches and shopping.

Property History for 339 Nepean Hwy, Mount Martha, VIC 3934

A timeline of how this property has performed in the market
Last Sold
$835,000
23 Feb 2003
  • 25 Jun 2026
    Listed for Sale $2,950,000
  • 27 Mar 2026
    Listed for Sale $2,950,000-$3,245,000
  • 29 Aug 2024
    Listed for Sale $3,180,000 - $3,490,000
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About Mount Martha 3934

The size of Mount Martha is approximately 30.3 square kilometres. There are 43 parks, covering nearly 11.5% of the 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 9,676 properties. Over the last 5 years, Houses in Mount Martha have seen a -3.49% decrease in median value, while Units have seen a 7.21% increase. As at 30 June 2026:

  • The median value for Houses in Mount Martha is $1,399,496 while the median value for Units is $844,740.
  • Houses have a median rent of $895 while Units have a median rent of $650.
There are currently 33 properties listed for sale, and 3 properties listed for rent in Mount martha on OnTheHouse. According to Cotality's data, 421 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.