128-138 Falls Road, Olinda, VIC 3788 | Property Value & History | OnTheHouse
OFF MARKET

128-138 Falls Road
Olinda VIC 3788

Bedrooms: 5
Bathrooms: 3
Car spaces: 4
Land area: 26060m2
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Property Details for 128-138 Falls Rd, Olinda

Building Type
Rural
Year Built
1980
Land Size
26060m2
Local Government
Yarra Ranges
Lot/Plan
4/LP216153

Last Listing description (February 2023)

This architecturally designed passive solar home nestled within 6.5 accessible acres of lush, established gardens is a showcase of modern, environmentally sympathetic design. Harmonious with its peaceful landscape of rolling lawns, veggie beds, apple orchard, revegetated creek, and forest of blackwood, mountain ash, and beech, this luxury residence has been both carefully cared for and exquisitely crafted.

This energy efficient masterpiece, designed to maximise the sun and blend as one with its extraordinary natural environment, lies hidden behind a holly hedge offering complete privacy. Upon entry, recycled timber accents and polished concrete floors formulate a brilliant balance of elements that are respectful and refined. The south side of this intentional dwelling is adorned with 4 beautiful bedrooms, including 2 with ensuites boasting travertine flooring, handcrafted tiles, and relaxing soaker tubs.

Those studying or seeking a home office space will be enamoured with the central open plan office with custom Jarrah desk and adjacent reading room. With separate entry and garden views, this space will inspire.

Soaking up the northern sunlight and spectacular garden views is the open concept hub of the home. The gourmet kitchen with reconstituted stone benchtops and Miele appliances including dual wall ovens will impress even the most discerning chef. The lower level living area with recycled Jarrah floors, custom cabinetry, and Cheminees Phillippe wood fire spills to the deck for a seamless indoor-outdoor connection.

With so many impressive features including a media room/potential 5th bedroom, hydronic heating, and 4-car garage with adjoining double carport, this private and intimate property is truly one of a kind. This is a moment not to be missed, so plan your inspection today.

Architecturally designed passive solar home within walking distance of the National Rhododendron Gardens, Olinda township, and walking and biking trails
Over 6 acres of spectacular landscape including a walnut tree-lined drive and a symphony of wildlife with frogs croaking and kookaburras laughing
Hand-crafted interior with polished concrete floors, recycled timber elements, and indoor-outdoor design
Enviable living area with recycled Jarrah flooring and Cheminees Phillippe wood fire
Flexible media room/5th bedroom with vaulted ceilings, a custom home office space, and a cosy snug/reading room
Luxurious main bedroom with expansive walk-in robe and ensuite with separate shower and soaker tub
Second ensuite bedroom suited to potential multi-generational living
Solar boosted hot water, 4-car garage with double carport and workshop/storage space, and more.

Property History for 128-138 Falls Rd, Olinda, VIC 3788

A timeline of how this property has performed in the market
Last Sold
$2,240,000
27 Jan 2023
  • 27 Jan 2023
    Sold for $2,240,000
  • 20 Sep 2022
    Listed for Sale $2,500,000 - $2,700,000
  • 11 Jul 2005
    Sold for $444,000
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About Olinda 3788

The size of Olinda is approximately 17.9 square kilometres. It has 23 parks covering nearly 101.6% of total area. The population of Olinda in 2016 was 1738 people. By 2021 the population was 1773 showing a population growth of 2.0% in the area during that time. The predominant age group in Olinda is 60-69 years. Households in Olinda are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Olinda work in a professional occupation.In 2021, 85.20% of the homes in Olinda were owner-occupied compared with 82.90% in 2016.

Olinda has 971 properties. Over the last 5 years, Houses in Olinda have seen a 16.24% increase in median value, while Units have seen a 105.75% increase. As at 31 December 2025:

  • The median value for Houses in Olinda is $1,065,547 while the median value for Units is $1,267,680.
  • Houses have a median rent of $795.
There are currently 7 properties listed for sale, and 2 properties listed for rent in Olinda on OnTheHouse. According to Cotality's data, 56 properties were sold in the past 12 months in Olinda.

Suburb Insights for Olinda 3788

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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.