14 Ocean Reef Drive, Patterson Lakes, VIC 3197 | Property Value & History | OnTheHouse
OFF MARKET

14 Ocean Reef Drive
Patterson Lakes VIC 3197

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Land area: 773m2
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Property Details for 14 Ocean Reef Dr, Patterson Lakes

14 Ocean Reef Dr, Patterson Lakes is a 4 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 773m2. While the property is not currently for sale or for rent, it was last sold in August 1991.

Building Type
House
Land Size
773m2
Local Government
Kingston
Lot/Plan
485/LP210437

Last Listing description (May 2026)

Positioned in one of Patterson Lakes most tightly held waterfront pockets, this immaculate builders own residence delivers uncompromising quality, expansive living zones and breathtaking water views from every angle.

Designed and constructed with long-term comfort in mind, this is a home where no corners were cut and no detail overlooked.

Upstairs offers three generous bedrooms with the flexibility to easily convert the theatre into a fourth bedroom if required. The master suite is a true retreat, complete with spa ensuite, vanity and WC, and some of the best longigated waterviews you'll find. The family bathroom also features a spa bath, shower and vanity, while a convenient powder room services guests.

Downstairs, the home opens into multiple living domains including a spacious kitchen and family room with gas log fireplace, a formal lounge, dining room, study and a dedicated theatre. The layout has been carefully designed to maximise both functionality and water views.

The kitchen is fitted with South Australian granite benchtops, with matching stone carried through to the vanities and powder room a consistent statement of quality throughout.

Comfort is assured year-round with:

3-phase power

Reverse cycle ducted air conditioning (3 zones)

8kW reverse cycle system

3-phase slab heating

Gas log heater

Security and construction are equally impressive, with commercial-grade window frames, laminated glass and double-glazed windows, alarm system, sprinkler system, 4-camera surveillance and deadlock bolts to all external doors.

Step outside and the lifestyle truly comes to life.

The rear yard features a verandah, pergola and pool fence, all overlooking the water. Your private mooring includes, and will come with a boat lifter suitable for up to a 23ft boat making this the ultimate waterfront entertainer.

Car accommodation is exceptional, with a drive-in / drive-out garage, additional 3-phase power, vanity, shower and WC, plus secure gated side parking ideal for a 28ft van or boat.

This is a rare opportunity to secure a meticulously maintained, builders own waterfront home where quality meets lifestyle in one of the areas most desirable canal positions.

Waterfront homes can come and go. Builders own homes of this calibre, in this location rarely do.

Property History for 14 Ocean Reef Dr, Patterson Lakes, VIC 3197

A timeline of how this property has performed in the market
Last Sold
$100,000
14 Aug 1991
  • 19 Feb 2026
    Listed for Sale $2,550,000 - $2,750,000
  • 14 Aug 1991
    Sold for $100,000
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About Patterson Lakes 3197

The size of Patterson Lakes is approximately 4.3 square kilometres. There are 17 parks, covering nearly 11.5% of the total area. The population of Patterson Lakes in 2016 was 7564 people. By 2021 the population was 7793 showing a population growth of 3.0% in the area during that time. The predominant age group in Patterson Lakes is 50-59 years. Households in Patterson Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Patterson Lakes work in a professional occupation.In 2021, 79.50% of the homes in Patterson Lakes were owner-occupied compared with 79.40% in 2016.

Patterson Lakes has 4,025 properties. Over the last 5 years, Houses in Patterson Lakes have seen a 11.12% increase in median value, while Units have seen a 7.41% increase. As at 30 June 2026:

  • The median value for Houses in Patterson Lakes is $1,358,371 while the median value for Units is $706,037.
  • Houses have a median rent of $880 while Units have a median rent of $650.
There are currently 25 properties listed for sale, and 12 properties listed for rent in Patterson lakes on OnTheHouse. According to Cotality's data, 150 properties were sold in the past 12 months in Patterson lakes.

Suburb Insights for Patterson Lakes 3197

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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.