34 Observation DriveRye VIC 3941
Property Details for 34 Observation Dr, Rye
34 Observation Dr, Rye is a 4 bedroom, 2 bathroom House with 3 parking spaces and was built in 1950. The property has a land size of 766m2 and floor size of 159m2. While the property is not currently for sale or for rent, it was last sold in November 2020.
Last Listing description (November 2020)
Magnificent oversized property, featuring two dwellings, offering 5 bedrooms, 2 kitchens, 4 bathrooms and 2 large living spaces which open onto expansive deck areas including a 4.5m swim spa to be enjoyed all year round. This property has had great success on the short term rental market making lucrative returns. Equipped with reverse cycle heating/cooling, covered outdoor spaces, large fire place, fire pit and outdoor heaters.
This property offers pure luxury with stone bench tops, double vanities, 90cm quality appliances including self cleaning oven and induction cooktop. Solid timber floorboards throughout and Merbu decking. Master suite is equipped with double vanity, enormous walk in robe and a private balcony with views over the hills. Conveniently located only 1km from the beach, local shops and restaurants. Located only moments away from the renowned Hot Springs, Horse Riding, Golf, The Cups Estate Winery & St Andrews Brewery. No expense has been spared with this property all completed in 2020.
* 5 spacious bedrooms, main with ensuite and walk in robe
* 4 sparkling brand new bathrooms
* Double glazing
* Modern tap ware
* 2 powder rooms
* 2 Kitchens
* Split system heating/cooling throughout
* 90cm steam oven, 90cm induction cooktop, state of the art dishwasher and stone bench tops in main kitchen * Solid timber floorboards
* Fireplace
* Fire pit
* 4.5 metre swim spa
* Large decked zones
* Flat lawn space, perfect for kids
* New carpet
* Merbu decking
* Parking for three cars
Be quick as this one wont last long!
Property History for 34 Observation Dr, Rye, VIC 3941
- 23 Nov 2020Sold for $1,200,000
- 18 Nov 2020Listed for Sale $1,150,000 to $1,250,000
- 23 Apr 2020Listed for Rent $850 / week
Recent sales nearby
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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 13.34% increase in median value, while Units have seen a 29.10% increase. As at 31 January 2026:
- The median value for Houses in Rye is $1,028,941 while the median value for Units is $628,019.
- Houses have a median rent of $600 while Units have a median rent of $493.
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