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

Bedrooms: 3
Bathrooms: 2
Car spaces: 4
Floor area: 136m2
Land area: 766m2
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Last updated 23 Feb 2026
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Property Details for 42 Observation Dr, Rye

42 Observation Dr, Rye is a 3 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 766m2 and floor size of 136m2. While the property is not currently for sale or for rent, it was last sold in December 1986.

Building Type
House
Floor Size
136m2
Land Size
766m2
Local Government
Mornington Peninsula
Lot/Plan
215/LP19188

Last Listing description (December 2015)

Just hit the market and sure to please buyers seeking a top location to build their next project, establish the best family home or build the holiday home of their dreams. With a gentle slope to the rear this 760m (approx) block is ideally suited to an innovative multi-level home that allows the builders/architect to express their creative talents and create another Peninsula masterpiece. We highly recommend this outstanding block to any discerning buyer. Inspect and decide for yourself.

Property History for 42 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$22,000
01 Dec 1986
  • 22 Apr 2011
    Listed for Sale $279,000
  • 01 Dec 1986
    Sold for $22,000
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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 70 properties listed for sale, and 3 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 352 properties were sold in the past 12 months in Rye.

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Cotality Copyright and Legal Disclaimers about Property Data

© 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.

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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