3 Observation Drive, Rye, VIC 3941 | Property Value & History | OnTheHouse
 
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3 Observation Drive
Rye VIC 3941

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
Floor area: 242m2
Land area: 715m2
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Last updated 1 Dec 2025
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Property Details for 3 Observation Dr, Rye

3 Observation Dr, Rye is a 3 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 715m2 and floor size of 242m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
House
Floor Size
242m2
Land Size
715m2
Local Government
Mornington Peninsula
Lot/Plan
190/LP19188

Last Listing description (February 2025)

This much loved family beach house is situated only some 700 mtrs (approx) to Ryes vibrant shopping strip & its stunning beach and foreshore area. Located on the periphery of the township (close enough to walk in, yet far enough to enjoy its peacefulness and serenity) this 3 bedroom home with ensuite and main bathroom offers polished timber flooring and a modern central kitchen as its centrepiece, whilst a light filled living area overlooks low maintenance gardens, perfectly private to the street. A secure, fully fenced perimeter along with generous carport and garage/storage accommodation, gives room for all the toys while dual outdoor areas to the front and rear give multiple options for entertaining and relaxing. Situated on over 700 sqm of land, this wonderful little beach home will give its new owners many years of enjoyment to come. Proudly marketed by Crowders Real Estate.

Property History for 3 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$808,000
13 May 2023
  • 04 Aug 2023
    Listed for Sale $790,000-$840,000
  • 13 May 2023
    Sold for $808,000
  • 29 Mar 2023
    Listed for Sale $790,000-$840,000
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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 10,054 properties. Over the last 5 years, Houses in Rye have seen a 29.69% increase in median value, while Units have seen a 49.75% increase. As at 31 October 2025:

  • The median value for Houses in Rye is $1,008,120 while the median value for Units is $546,821.
  • Houses have a median rent of $590 while Units have a median rent of $475.
There are currently 68 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.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2025. 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.

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.

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