31 Pier One Drive, Patterson Lakes, VIC 3197 | Property Value & History | OnTheHouse
FOR SALE

31 Pier One Drive
Patterson Lakes VIC 3197

Bedrooms: 3
Bathrooms: 4
Car spaces: 2
Floor area: 440m2
Land area: 265m2
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Property Details for 31 Pier One Dr, Patterson Lakes

31 Pier One Dr, Patterson Lakes is a 3 bedroom, 4 bathroom Townhouse with 2 parking spaces and was built in 2022. The property has a land size of 265m2 and floor size of 440m2.This Property is currently listed for sale with Missell Property Group

Building Type
Townhouse
Year Built
2022
Floor Size
440m2
Land Size
265m2
Local Government
Kingston
Lot/Plan
1176/PS337700

Last Listing description (May 2026)

Positioned within the prestigious waterfront enclave of Patterson Lakes, this is more than just a home, it is an experience, a lifestyle, and an opportunity to live in one of Melbournes most unique and tightly held marina communities.

With your own private berth sitting directly at your doorstep and uninterrupted views across the iconic Patterson River, this extraordinary residence has been designed for those who value lifestyle above all else. A home where mornings begin with coffee overlooking the water, afternoons can be spent cruising the bay from your own mooring, and evenings unfold against a backdrop of shimmering reflections and city like lights dancing across the river below.

Spanning approximately 600sqm across four expansive levels, this architecturally designed residence blends contemporary luxury with bespoke industrial flair. Warm timber accents, polished concrete floors, soaring ceilings and designer finishes create a home that feels sophisticated, relaxed and unmistakably individual.

What makes this property truly exceptional is its ability to adapt effortlessly to every stage of life. Whether you are seeking a substantial permanent residence, an ultra private lock and leave retreat, a luxurious home away from home, or even a high end Airbnb opportunity commanding premium returns, this home delivers versatility without compromise.

The inclusion of a commercial sized lift servicing all four levels elevates both convenience and liveability, ensuring accessibility throughout the home while reinforcing the rare level of thought and craftsmanship that has gone into its design.

The home itself offers an incredible sense of scale and separation. Multiple living zones, expansive entertaining spaces and oversized balconies provide the flexibility to host family and friends or simply retreat and enjoy complete privacy. Floor to ceiling windows frame breathtaking river views from almost every level, while seamless indoor / outdoor integration allows the home to fully embrace its waterfront surroundings.

At the centre of the home, an expansive entertainers kitchen overlooks the river and adjoining living areas, creating the perfect environment for relaxed gatherings, long lunches or sunset dinners after a day on the water.

Positioned only moments from The Cove Hotel, cafs, swimming school, restaurants, shopping precincts, walking and cycling tracks, local wetlands and the sandy shoreline of nearby beaches, the lifestyle offering here is second to none. Patterson River Country Club is only minutes away for golf and dining, while easy access to Carrum Station and major arterials ensures seamless connectivity to Melbourne CBD and the Mornington Peninsula.

For boating enthusiasts, lifestyle buyers, entertainers or those simply seeking something genuinely unique, your new home delivers a standard of waterfront living rarely offered to the market.

This is not simply buying a property.This is securing a lifestyle most only dream about.

To arrange a private viewing or to enquire about upcoming inspection times, contact Craig Missell on 0437 321 333.

Please Note
We highly recommend registering for inspections to avoid disappointment from cancellations or changes.

Missell Property Group with the permission of the property owner, reserves the right to refuse entry. A valid drivers licence or passport will be required to gain entry to the property.

Property History for 31 Pier One Dr, Patterson Lakes, VIC 3197

A timeline of how this property has performed in the market
Last Sold
$401,000
16 Dec 2016
Listed for Rent
$3.50k/w
12 May 2026
  • 27 May 2026
    Listed for Sale $2,820,000 - $3,100,000
  • 04 Mar 2026
    Listed for Rent $3,500 / week
  • 15 Oct 2024
    Listed for Rent $1,700 / week
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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 4,024 properties. Over the last 5 years, Houses in Patterson Lakes have seen a 17.49% increase in median value, while Units have seen a 11.16% increase. As at 30 April 2026:

  • The median value for Houses in Patterson Lakes is $1,363,400 while the median value for Units is $721,090.
  • Houses have a median rent of $863 while Units have a median rent of $650.
There are currently 25 properties listed for sale, and 8 properties listed for rent in Patterson lakes on OnTheHouse. According to Cotality's data, 156 properties were sold in the past 12 months in Patterson lakes.

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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.