164-166 Falls Road, Olinda, VIC 3788 sold on 02 September 2025 | OnTheHouse
SOLD
Sold on 02 Sep 2025 for $2,400,000

164-166 Falls Road
Olinda VIC 3788

Bedrooms: 5
Bathrooms: 2
Car spaces: 4
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Property Details for 164-166 Falls Rd, Olinda

Building Type
Rural
Year Built
2023
Local Government
Yarra Ranges
Lot/Plan
1/TP329164

Last Listing description (September 2025)

Spectacular Dual-Living Sanctuary Rammed Earth Homestead and Cottage on Acreage

Heart and innovation shaped this breathtaking 4.5-acre property, lushly embraced by established trees, just minutes from Olindas amenities. Crowned by a striking residence and a dependent persons unit, it combines luxury and serenity with the versatility of dual living.

Reached via twin driveways, the property offers full perimeter access and plentiful parking, featuring an automated gate with a camera intercom for the main residence and a separate gated driveway for the cottage. The main residence is a masterpiece of insulated rammed earth and charred timber construction, designed for year-round comfort with exceptional thermal efficiency and reclaimed timber accents. An open plan living and dining room greets you inside, adorned with engineered oak floorboards and highlighted by soaring vaulted ceilings. Oversized double-glazed windows showcase the stunning grounds, while a Chiminees Phillippe freestanding fireplace serves as a centrepiece. The adjoining kitchen offers abundant storage, quality appliances and a large breakfast island. Sliding and bifold doors open to a patio from here for seamless entertaining. Three oversized bedrooms with wool carpet offer a restful retreat, including the master suite with a walk-in wardrobe, alfresco access and an en-suite. The remaining robed bedrooms, including one with external access, share a family bathroom and a powder room. Additional features such as a laundry with a drying cupboard, underfloor heating, an indoor/outdoor sound system, generous storage and an oversized remote double garage enhance the main residence.

The impressive cottage is introduced by an open plan room with vaulted ceilings, hardwood flooring and a wood heater. Two spacious bedrooms can be found in the cottage, both with wool carpet, built-in wardrobes, split system air conditioners and ceiling fans. The cottage also boasts a full kitchen, a bathroom, a laundry, two decks and a double carport.

Equipped with essential infrastructure and amenities, this spectacularly crafted property is a sanctuary for multi-generational families.

* Generator back-up connection
* Natural gas
* NBN fibre internet connection
* Fire pump, 100 kilolitres of water storage and Yarra Valley Water backup connection
* Vegetable patch and fruit trees
* Hot house and two 20ft storage containers
* Septic tank with a sand filter and herringbone irrigation
* Close to bus services, reserves, trails, speciality stores, cafes, restaurants and a primary school
* Home still under Builders warranty

Property History for 164-166 Falls Rd, Olinda, VIC 3788

A timeline of how this property has performed in the market
Last Sold
$2,400,000
02 Sep 2025
  • 02 Sep 2025
    Listed for Sale Undisclosed
  • 02 Sep 2025
    Sold - Price Undisclosed
  • 10 Jun 2016
    Listed for Sale MUST SELL, MAKE AN OFFER
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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 973 properties. Over the last 5 years, Houses in Olinda have seen a 11.27% increase in median value, while Units have seen a 180.91% increase. As at 31 March 2026:

  • The median value for Houses in Olinda is $1,095,017 while the median value for Units is $1,352,948.
  • Houses have a median rent of $795.
There are currently 9 properties listed for sale, and 4 properties listed for rent in Olinda on OnTheHouse. According to Cotality's data, 50 properties were sold in the past 12 months in Olinda.

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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.