16 Observation Drive, Rye, VIC 3941 | Property Value & History | OnTheHouse
OFF MARKET

16 Observation Drive
Rye VIC 3941

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 766m2
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Property Details for 16 Observation Dr, Rye

16 Observation Dr, Rye is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 766m2. While the property is not currently for sale or for rent, it was last sold in May 2024.

Building Type
House
Land Size
766m2
Local Government
Mornington Peninsula
Lot/Plan
1/TP192421

Last Listing description (January 2025)

A lifestyle of effortless elegance and convenience, this modern contemporary residence epitomizes sophistication at every turn. Nestled within reach of Rye's vibrant shops, charming cafes, and the serene allure of the beach, every aspect of this home is designed with meticulous attention to detail and flair. Stepping inside, be greeted by an abundance of natural light that fills the space, enhancing the allure of the fabulous floorplan. With open spaces seamlessly blending into separate zoned accommodations, and outdoor entertaining areas beckoning for gatherings, this home is a haven for both relaxation and socializing. The heart of the home lies within the gourmet kitchen, boasting a sleek island bench and equipped with top-of-the-line appliances. Adjoining the kitchen is the open plan living and dining area, adorned with Tasmanian Oak floors, where gatherings are elevated by the warmth of a gas fire and the allure of a north-facing deck, inviting you to soak in the sunshine and enjoy al fresco moments. The main level presents a luxurious master bedroom complete with a walk-in robe and an ensuite bathroom, offering a sanctuary of comfort and privacy. Additionally, a versatile 4th bedroom (or study) provides flexibility to suit your lifestyle, accompanied by a convenient powder room. Descending to the lower level, discover two more generously sized bedrooms, complemented by a central bathroom, and an enormous rumpus room. With access to the rear garden, this level presents endless opportunities for recreation and relaxation, ideal for creating a children's play area or indulging in outdoor pursuits. Practicality meets luxury with the inclusion of a separate laundry, ensuring functionality seamlessly integrates with style. Ample storage throughout the home caters to organizational needs, while a double lock-up garage and extra off-street parking provide convenience for residents and guests alike. Embrace a lifestyle of modern comfort and convenience, where every detail is curated to perfection. This is more than just a home; it's a sanctuary where luxury meets everyday living, offering a retreat from the ordinary, amidst the allure of Rye's vibrant lifestyle being an easy walk to the beach and shopping precinct. Proudly marketed by Crowders Real Estate.

Property History for 16 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$1,170,000
28 May 2024
  • 28 May 2024
    Sold for $1,170,000
  • 22 Feb 2024
    Listed for Sale $1,150,000 - $1,250,000
  • 25 Jan 2013
    Sold for $570,000
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About Rye 3941

The size of Rye is approximately 17.7 square kilometres. It has 16 parks covering nearly 14.3% of total area. The population of Rye in 2016 was 8416 people. By 2021 the population was 9438 showing a population growth of 12.1% in the area during that time. The predominant age group in Rye is 60-69 years. Households in Rye are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rye work in a trades occupation.In 2021, 75.40% of the homes in Rye were owner-occupied compared with 71.60% in 2016.

Rye has 10,056 properties. Over the last 5 years, Houses in Rye have seen a 22.76% increase in median value, while Units have seen a 31.01% increase. As at 30 November 2025:

  • The median value for Houses in Rye is $1,011,841 while the median value for Units is $633,986.
  • Houses have a median rent of $593 while Units have a median rent of $490.
There are currently 76 properties listed for sale, and 6 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 346 properties were sold in the past 12 months in Rye.

Suburb Insights for Rye 3941

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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.