24 Forbes Street, Rye, VIC 3941 | Property Value & History | OnTheHouse
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24 Forbes Street
Rye VIC 3941

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
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Property Details for 24 Forbes St, Rye

24 Forbes St, Rye is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 2000. While the property is not currently for sale or for rent, it was last sold in April 2001.

Building Type
House
Year Built
2000
Local Government
Mornington Peninsula
Lot/Plan
24/LP111292

Last Listing description (November 2025)

Privacy, Tranquillity, Pool, Fire Pit & Basketball Court

Beautiful coastal home, nestled within a lush garden oasis where only sounds of nature can be heard. This exquisite residence, tucked away at the end of a quiet cul-de-sac adjacent to a leafy reserve, is conveniently close to Number 16 beach, hot springs, and world-class golf courses.

From the moment you go through the gates, privacy and seclusion are guaranteed. The property boasts a secluded pool deck, basketball court, and fire pit area, all hidden from the street and neighborhood.

Behind a welcoming portico, the contemporary split-level home reveals a spacious interior with multiple indoor and outdoor living zones that offer sweeping tree-top views. The residence features five large bedrooms, two bathrooms, a powder room, and ample storage space. Every area of the property has been thoughtfully designed to meet the diverse needs of large families or work from home space.

Additional highlights include a designated fire pit area, basketball court, alfresco kitchen, dual-source heated pool (gas and solar), and a home theatre, ensuring entertainment for all ages.

Extras include a double lock-up garage with an adjoining multipurpose room or home office, high curved ceilings, spotted gum floors, ducted heating, split-system air-conditioning, European appliances, stackable bi-fold doors, a heated change room, irrigated vegetable garden, and two water tanks.

This home is the perfect sanctuary to unwind and enjoy the magical spoils of coastal living.

Property History for 24 Forbes St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$226,000
26 Apr 2001
  • 30 Sep 2025
    Listed for Rent $1100 per week inc. gardening!
  • 04 Jun 2024
    Listed for Rent $1000 per week inc. gardening!
  • 06 Feb 2024
    Listed for Sale $1,750,000 - $1,795,000
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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, 347 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.