40 Owarra Street, Rye, VIC 3941 sold on 15 April 2025 | OnTheHouse
 
SOLD
Sold on 15 Apr 2025 for $760,000

40 Owarra Street
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 106m2
Land area: 601m2
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Property Details for 40 Owarra St, Rye

40 Owarra St, Rye is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1980. The property has a land size of 601m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in April 2025. There are other 3 bedroom House sold in Rye in the last 12 months.

Building Type
House
Year Built
1980
Floor Size
106m2
Land Size
601m2
Local Government
Mornington Peninsula
Lot/Plan
533/LP53783

Last Listing description (July 2025)

A peaceful retreat nestled amongst native vegetation, this cosy coastal cottage offers the perfect balance of privacy, comfort, and natural beauty. With serene views across to the iconic Cape Schanck lighthouse, this property invites you to unwind and embrace the coastal lifestyle.

With a flexible floor plan catering to a variety of living arrangements, this lovely home offers three spacious bedrooms plus a study. The generously sized third bedroom presents the opportunity to be transformed into a master retreat, a second living space, or even a rumpus room, providing versatility to suit your needs. The bedrooms are finished with soft carpeting for added comfort, while the main living, dining, and kitchen areas are enhanced by the natural beauty of pine timber flooring, adding a coastal charm that complements the homes surroundings.

Located just minutes from world-class amenities including championship golf courses, renowned wineries, luxurious day spas, and pristine surf beaches, this property is the ideal coastal getaway. Whether you're seeking a quiet escape or an adventure-filled lifestyle, this charming cottage offers the perfect base.

Property Highlights:

Three spacious bedrooms plus study.
Flexible floor plan: The generous third bedroom can double as a master retreat or second living space.
Modern comforts: Ducted gas heating, reverse cycle air conditioning, and electric cooking
Finishes: Soft carpets in the bedrooms, beautiful pine timber floors in the main living areas.
Built-in robes in two bedrooms.
New Colourbond roof.
Open plan living: Enjoy seamless flow between living, dining, and kitchen areas.
Lovely outdoor deck with views out across to the Cape Schanck lighthouse.
601*m2 allotment.

*All distances and measurements are approximate only.

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Property History for 40 Owarra St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$760,000
15 Apr 2025
Listed for Rent
22 Jun 2015
  • 15 Apr 2025
    Sold for $760,000
  • 25 Mar 2025
    Listed for Sale SOLD
  • 12 Feb 2019
    Listed for Sale $520,000 - $550,000
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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, 353 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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