553 Esplanade, Mount Martha, VIC 3934 | Property Value & History | OnTheHouse
 
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553 Esplanade
Mount Martha VIC 3934

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 124m2
Land area: 978m2
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Last updated 29 Dec 2025
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Property Details for 553 Esplanade, Mount Martha

553 Esplanade, Mount Martha is a 2 bedroom, 2 bathroom House and was built in 1940. The property has a land size of 978m2 and floor size of 124m2. While the property is not currently for sale or for rent, it was last sold in January 2001.

Building Type
House
Year Built
1940
Floor Size
124m2
Land Size
978m2
Local Government
Mornington Peninsula
Lot/Plan
7/LP13124

Last Listing description (August 2025)

Nestled on a prized corner allotment of 978sqm of opportunity, where the iconic Esplanade meets Parer Street, this original seaside cottage offers a rare chance to embrace the ultimate beachside lifestyle in one of Mt Martha's most coveted locations.

Perfectly positioned just steps from the sparkling waters of Port Phillip bay, this 3-bedroom, 1-bathroom cottage radiates charm and nostalgia, offering endless possibilities to renovate, rebuild, or redevelop (STCA) to create your dream coastal retreat. Whether you envision a luxurious contemporary home, a traditional holiday haven, or a smart investment, this property provides the ideal canvas.

Currently configured as a quintessential coastal cottage, the home is well-suited for immediate use as a family holiday getaway, rental, or owner-occupied residence while planning your exciting project. The expansive corner block offers dual street access and ample scope to maximize the breathtaking beachside lifestyle on offer. Don't miss this rare opportunity to secure a premium piece of Mt Martha's Esplanade a gateway to stunning beaches, boutique village shops, award-winning wineries, and a serene peninsula lifestyle.

Property Specifications
- 978sqm* corner block
- 135sqm* of living
- Renovation, redevelopment, or rebuild potential (STCA)
- Steps from North Beach and moments to Mt Martha Village
- Set within a gentrifying precinct with recent $4m+ sales
- Exciting design potential with dimensions of Esplanade frontage and 47m* of Parer Street frontage
- Gas, water, sewerage are all available and connected
*measurements are indicative only

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Property History for 553 Esplanade, Mount Martha, VIC 3934

A timeline of how this property has performed in the market
Last Sold
$245,000
05 Jan 2001
  • 06 Jan 2025
    Listed for Sale $1,500,000-$1,650,000
  • 05 Jan 2001
    Sold for $245,000
  • 03 Aug 1991
    Listed for Sale Not Disclosed
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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, 444 properties were sold in the past 12 months in Mount martha.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
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