2551 Point Nepean Road, Rye, VIC 3941 sold on 22 January 2026 | OnTheHouse
 
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Sold on 22 Jan 2026 - Price Unavailable

2551 Point Nepean Road
Rye VIC 3941

Bedrooms: 1
Bathrooms: 1
Car spaces: 2
Land area: 731m2
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Prentice Real Estate Sorrento
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Property Details for 2551 Point Nepean Rd, Rye

2551 Point Nepean Rd, Rye is a 1 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 731m2. While the property is not currently for sale or for rent, it was last sold in January 2026. There are other 1 bedroom House sold in Rye in the last 12 months.

Building Type
House
Land Size
731m2
Local Government
Mornington Peninsula
Lot/Plan
49/LP23864

Last Listing description (February 2026)

Opportunities like this don't come up often in this tightly held Tyrone Foreshore pocket. Positioned directly across the road from the beach and just minutes to Rye township, shops, and recreational parks, this site offers unbeatable coastal positioning with huge potential for redevelopment.The existing structure is not currently liveable and will require a full renovation or knockdown, making this the ideal project for builders or investors looking to capitalise on this premium location.At settlement, you'll receive $70,000 worth of professionally designed building plans by renowned architects Planned Living saving you time, money, and the hassle of starting from scratch. With all the preliminary work already completed, you can move straight into the next stage of your new build.Adding further value is a 12m x 4m solar and gas-heated resort-style pool complete with pool cover a fantastic existing asset to incorporate into your future design.Blocks in this prestigious coastal area rarely become available, and demand for quality homes along the Tyrone Foreshore remains consistently strong.Whether you're looking to build and sell, develop for investment, or create a standout holiday property, this is an opportunity not to be missed.Contact : Leah Prentice 0421 700 749

Property History for 2551 Point Nepean Rd, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
22 Jan 2026
  • 22 Jan 2026
    Sold
  • 31 Oct 2025
    Listed for Sale $1,150,000 - $1,200,000
  • 10 Dec 2024
    Listed for Sale $1,300,000
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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 10,055 properties. Over the last 5 years, Houses in Rye have seen a 18.69% increase in median value, while Units have seen a 30.30% increase. As at 31 December 2025:

  • The median value for Houses in Rye is $1,022,079 while the median value for Units is $647,663.
  • Houses have a median rent of $593 while Units have a median rent of $493.
There are currently 75 properties listed for sale, and 10 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 354 properties were sold in the past 12 months in Rye.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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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.

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