30-32 Observation Drive, Rye, VIC 3941 sold on 02 August 2025 | OnTheHouse
 
SOLD
Sold on 02 Aug 2025 for $430,000

30-32 Observation Drive
Rye VIC 3941

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 766m2
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Prentice Real Estate Rye
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Property Details for 30-32 Observation Dr, Rye

Building Type
Land
Land Size
766m2
Local Government
Mornington Peninsula
Lot/Plan
1/TP145094

Last Listing description (December 2025)

As the title says, ideally located just a leisurely 1km stroll to shops and beach, this vacant residential allotment of 767m2 (approx.) offering pleasant tree-top canopy and valley views is competitively priced as a great entry level buying opportunity to build your coastal residence or retreat.

Level at front with gradual fall to the rear, it ideally lends itself to a split-level design with extensive decking and outdoor area to capture the tree-top view and enjoy the sunsets of an evening.

Note: House next door at No. 30 has been sold. No. 32 is the adjoining Vacant Block we are offering for sale.

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Property History for 30-32 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$430,000
02 Aug 2025
  • 02 Aug 2025
    Sold for $430,000
  • 14 Apr 2025
    Sold for $711,000
  • 31 Mar 2025
    Listed for Sale $695,000
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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 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 78 properties listed for sale, and 7 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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© 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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