153-157 The Terrace Ocean Grove VIC 3226
Property Details for 153-157 The Terrace, Ocean Grove
153-157 The Terrace, Ocean Grove is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 1891m2 and floor size of 368m2. While the property is not currently for sale or for rent, it was last sold in February 2025.
Last Listing description (February 2025)
Set to a picture-perfect ocean backdrop with coastline views extending all the way to Cape Schanck, this much-loved architectural residence spans over an impressive 1891sqm (approx.) allotment, presenting a rare opportunity to renovate or redevelop in one of Ocean Groves most desirable settings.
Held by its original owners for 40 years, the existing mudbrick home has been masterfully designed to maximise its elevated position with wall-to-wall glazing drawing in the coastal outlook from multiple vantage points.
High raked ceilings and exposed timber beams enhance the sense of space and character, solid timber floors flow throughout, and a split-level three-bedroom, two-bathroom floorplan showcases voluminous interior spaces that invite you to engage your architect and unleash your imagination.
The first-class credentials continue outdoors as a manicured garden paradise guides you through mature plantings and lush greenery to discover an inground swimming pool nestled at the base of the gently sloping site.
While its original attributes and solid construction present the ideal foundations for contemporary enhancement, the homes inherent appeal lies in its unlocked opportunities for the future. Explore the unrivalled potential to design and construct a trophy home or pursue the significant scope for a luxurious multi-dwelling development (STCA).
A rare opening in an elite seaside locale where the lifestyle is as impressive as the opportunity, this property sits within 750m of Ocean Groves vibrant retail and dining hub, while immediate access to Tuckfield Street enables a 300m walk to direct beach access. This is opportunity at its ultimate.
Property History for 153-157 The Terrace, Ocean Grove, VIC 3226
- 03 Feb 2025Sold for $2,300,000
- 01 Oct 2024Listed for Sale $2,300,000 - $2,500,000
- 01 Dec 2022Transferred
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About Ocean Grove 3226
The size of Ocean Grove is approximately 18.5 square kilometres. There are 22 parks, covering nearly 16.5% of the total area. The population of Ocean Grove in 2016 was 14165 people. By 2021 the population was 17714 showing a population growth of 25.0% in the area during that time. The predominant age group in Ocean Grove is 60-69 years. Households in Ocean Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ocean Grove work in a professional occupation.In 2021, 78.50% of the homes in Ocean Grove were owner-occupied compared with 76.10% in 2016.
Ocean Grove has 11,938 properties. Over the last 5 years, Houses in Ocean Grove have seen a -5.11% decrease in median value, while Units have seen a -1.99% decrease. As at 31 August 2026:
- The median value for Houses in Ocean Grove is $1,023,187 while the median value for Units is $800,447.
- Houses have a median rent of $650 while Units have a median rent of $560.
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