168-172 Falls Road, Olinda, VIC 3788 | Property Value & History | OnTheHouse
FOR SALE

168-172 Falls Road
Olinda VIC 3788

Bedrooms: 6
Bathrooms: 4
Car spaces: 4
Floor area: 257m2
Land area: 20000m2
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Property Details for 168-172 Falls Rd, Olinda

168-172 Falls Rd, Olinda is a 6 bedroom, 4 bathroom House with 4 parking spaces and was built in 1967. The property has a land size of 20000m2 and floor size of 257m2.This Property is currently listed for sale with Bell Real Estate - OLINDA and BELGRAVE

Building Type
House
Year Built
1967
Floor Size
257m2
Land Size
20000m2
Local Government
Yarra Ranges
Lot/Plan
1/TP321270

Last Listing description (May 2026)

INSPECTION BY APPOINTMENT ONLYCarrying a quiet sense of legacy and set across five breathtaking acres opposite the National Rhododendron Gardens, this private century-old estate in the heart of the Dandenong Ranges is a place where history lingers among the trees and every path leads to something quietly magical.Once home to The Georgian guesthouse circa 1920 - celebrated as one of the most charming stays in the Blue Dandenongs - the property has since been thoughtfully reimagined following its loss to fire in 1965. Today, it presents a rare opportunity to steward a piece of local history, with two beautifully renovated residences, studios and outbuildings set within botanically significant gardens more than a century in the making.Beyond the remote-controlled gates, meandering stone paths draw you deeper into the landscape. The gardens unfold like a series of outdoor rooms - sweeping lawns, ancient rhododendrons and azaleas, a magnificent tulip tree (believed to be one of Australia's oldest), and Edna Walling-inspired stonework weaving quiet structure through the softness. Spruce, silver birch and elm rise above layered plantings - just a glimpse of this extraordinary botanical tapestry.The main residence sits effortlessly within its surroundings, designed to honour the land while embracing light and garden at every turn. Double-glazed windows frame greenery throughout, while interiors reveal a beautifully eclectic palette of reclaimed timbers, recycled materials and handcrafted finishes - each piece carrying its own story.The main lounge is captivating - double-height timber-lined ceilings rising above a custom copper fireplace, with expansive glazing drawing the eye across the south lawn. A space for gathering, unwinding and watching the light and seasons shift.At its heart, the kitchen, living and meals zone hums with warmth and connection. Timber floors glow beneath skylights, while a breakfast nook invites slow mornings. A generous walk-in pantry and bespoke reclaimed cabinetry sit alongside an antique island workbench and a showpiece dual-fuel cast iron AGA - equal parts function and conversation piece.The adjoining dining space, warmed by a Coonara wood-fired heater, flows outward via bi-folds to a north-facing semi-covered deck with louvred roof and hot tub - where indoor and outdoor living become one.Accommodation includes three light-filled bedrooms, with a serene main suite featuring expansive robes and a rustic ensuite centred around a clawfoot bath. The main bathroom leans subtly art deco, with a pedestal basin and chandelier adding a touch of quiet glamour. Privately positioned, the second residence an inspiring conversion of the original stables - offers open plan living with wood fire and garden outlooks, ideal for guests, extended family or boutique rental.Additional spaces include a beautifully repurposed former pump house studio with fully tiled bathroom and kitchenette, along with a second separate studio - perfect for creative pursuits, working from home or wellness use. A labour of love and a true highlight, the former tennis court has been reimagined as a thriving edible garden, with fruit trees, berry patches, vegetable beds and fragrant lavender and rosemary borders alongside a greenhouse - offering a gentle, almost Provenal rhythm of year-round harvests and the simple pleasure of growing your own.And yet, despite its seclusion, cafs, village life and walking trails remain moments away. This is more than a home. Its a living landscape - rich in history, layered in beauty, and ready for its next custodian.At a glance:- Rare five-acre private estate with flat, north-facing century-old botanical gardens- Historic site of former 1920s The Georgian guesthouse- Two residences including a light-filled main home and separate converted stables dwelling- Main residence with eclectic interiors featuring reclaimed timbers and handcrafted materials- Three bedrooms including main with ensuite and clawfoot bath- Second residence ideal for multigenerational living or guest accommodation - Two studios one with bathroom and kitchenette - Edible garden with fruit trees, vegetable beds & greenhouse- Multiple outdoor garden rooms, lawns, sculptures and sitting areas- Double garage with internal access, ample shedding & storage including wine cellar- Hydronic heating, double glazing, security alarm system- Dual gated access including secondary iron gate entry- Positioned opposite the National Rhododendron Gardens & moments to Olinda VillageDisclaimer: All information provided has been obtained from sources we believe to be accurate, however, we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.

Property History for 168-172 Falls Rd, Olinda, VIC 3788

A timeline of how this property has performed in the market
Last Sold
$2,250,000
22 Feb 2019
  • 30 Apr 2026
    Listed for Sale $2,900,000 - $3,150,000
  • 22 Feb 2019
    Sold for $2,250,000
  • 25 Jan 2019
    Listed for Sale $2,300,000 - $2,500,000
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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 11.83% increase in median value, while Units have seen a 178.44% increase. As at 30 April 2026:

  • The median value for Houses in Olinda is $1,107,083 while the median value for Units is $1,316,739.
  • Houses have a median rent of $795.
There are currently 9 properties listed for sale, and 1 property listed for rent in Olinda on OnTheHouse. According to Cotality's data, 46 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.