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

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 353m2
Land area: 715m2
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Property Details for 35 Observation Dr, Rye

35 Observation Dr, Rye is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 2021. The property has a land size of 715m2 and floor size of 353m2. While the property is not currently for sale or for rent, it was last sold in September 2024.

Building Type
House
Year Built
2021
Floor Size
353m2
Land Size
715m2
Local Government
Mornington Peninsula
Lot/Plan
174/LP19188

Last Listing description (July 2025)

Delivering effortless indoor/outdoor resort-style living and entertaining enhanced by glorious sunsets and sea breezes, this outstandingly appointed five-bedroom-plus-study Rye residence is idyllically located between the Ocean and the Bay, just a short walk to the foreshore. Presenting as brand new, the two-year-old home is privately and securely set behind high automated gates with video intercom entry. Rich in high-end Hamptons style accents, the double-storey home is set well back on the elevated 715-square-metre (approx.) block, with the expansive, meticulously landscaped front alfresco zone incorporating an in-ground heated swimming pool, outdoor hot/cold shower, bluestone paved surrounds and crazy-paved undercover terrace.

Inside, engineered oak flooring flows through the lower-level layout which comprises a large living/rumpus room with glass sliding door access to the pool terrace with motorised sun blinds, three double bedrooms with built-in robes, a study, powder room, and an outstanding main bathroom with double shower, twin vanity, and free-standing tub. Upstairs the homes light-filled dimensions and impressive entertaining spaces are showcased with an expansive open-plan zone, which opens to the broad undercover alfresco deck with motorised sun blinds, and quality appointments including designer pendant lighting, a gas log fire heater and custom joinery. The gourmet culinary space is defined by a marbled white stone island bench, Albedor cabinetry, finished in a sea mist hue, Bosch appliances including double ovens and a gas cooktop, while the adjacent walk-in pantry/food prepping room has plenty of bench and storage space. The principal bedroom is complemented with a shower ensuite and fitted walk-in robe/dressing room, while another double-sized bedroom upstairs has built-in robes with views to Arthurs Seat plus a 3rd bathroom.

Perfect for lock-up-and-leave flexiblity, additional features include Wi-Fi app-enabled security alarm and keyless access, plenty of built-in storage, and a double garage with remote operated door and internal access, plus secure off-street parking for up to four vehicles. Also features double glazed windows and doors, laundry with external access, zoned central heating/cooling plus 15 solar rooftop panels. Just 900 metres to the front beach, its an easy walk to Rye shops and restaurants, local cafes, and Rye Primary School, while the Peninsulas world-class golf courses, ocean beaches, and hot springs are all just a few minutes drive away.

As-new custom-designed 5-bedroom-plus-study Hamptons style Rye home
Resort-style heat-pump heated swimming pool and outdoor shower,
Alfresco dining/entertaining zones on both levels
Upper-level open plan living/dining with gas log fire and connectivity to balcony
Lower-level rumpus/living with connectivity to pool terrace
Luxe Hamptons style stone/Bosch kitchen with walk-in pantry/prepping area
Principal bedroom with walk-in robe and quality ensuite
Double garage plus off-street-parking for 4 vehicles
Video intercom entry, automated gates, wi-fi enabled access
Zoned central heating/cooling; 15 solar panels
Motorised sun blinds to both upper and lower balconies

Property History for 35 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$2,100,000
08 Sep 2024
  • 08 Sep 2024
    Sold for $2,100,000
  • 28 May 2024
    Listed for Sale $2,100,000 - $2,300,000
  • 29 Sep 2023
    Sold for $2,400,000
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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 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.
There are currently 68 properties listed for sale, and 4 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 351 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.