44 Observation DriveRye VIC 3941
Property Details for 44 Observation Dr, Rye
44 Observation Dr, Rye is a 5 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 766m2 and floor size of 224m2. While the property is not currently for sale or for rent, it was last sold in April 2026. There are other 5 bedroom House sold in Rye in the last 12 months.
Last Listing description (April 2026)
Positioned in a peaceful elevated setting in Rye, this impressive tri-level family home delivers outstanding space, privacy, and versatility, complemented by leafy treetop views and multiple undercover entertaining zones.
Designed for growing families and effortless entertaining, the home offers five generous bedrooms (three with built in robes & two with walk in robes), three bathrooms, and three expansive living areas spread across its large floor plan. Polished Victorian Ash hardwood timber floors flow throughout the interiors, enhancing the warmth and quality of the home, whilst the king-sized primary suite provides a private retreat with walk-in robe and ensuite. The main bathroom features a relaxing spa complete with head rests and pressure jets.
Entertaining is a standout feature, with a huge lower-level entertaining room complete with a pool table, wet bar and spacious TV area perfect for watching sport or family movie nights. A unique servery window which opens out onto the large undercover alfresco offers an added layer of convenience when entertaining and serves as an indoor/outdoor bar. A second undercover deck upstairs captures peaceful treetop views, creating the perfect spaces for year-round alfresco gatherings.
Outside, a flat rear yard provides space for kids and pets, while the property also features a huge double garage, dedicated caravan parking, and additional space for boat or trailer storage. A further highlight of this magnificent property is the traditional hot stone sauna, offering the luxury of at-home wellness with benefits including relaxation, improved circulation, and muscle recovery.
Additional features include ducted heating, evaporative cooling and ducted vacuum for year-round comfort and convenience.
A substantial home in a fantastic location, this property offers the perfect combination of space, lifestyle, and entertaining appeal, just moments from the pristine beaches, breathtaking coastline and convenient amenities of Rye.
Property Features Include:
- Huge five-bedroom, three-bathroom tri-level family home.
- Elevated tree top views.
- Upper and lower level decked undercover alfresco.
- Level rear yard.
- Polished Victorian Ash hardwood flooring throughout.
- Three spacious living areas.
- Huge ground floor entertaining space featuring pool table, wet bar and an at home traditional hot stone sauna.
- Ducted heating.
- Evaporative cooling.
- Ducted vacuum.
- Double remote lock up garage plus additional caravan and trailer accommodation.
- Located close to Rye Village and foreshore.
*All distances and measurements are approximate only.
Property History for 44 Observation Dr, Rye, VIC 3941
- 21 Apr 2026Sold for $1,287,500
- 11 Mar 2026Listed for Sale SOLD
- 11 Jul 2011Sold for $682,500
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0About 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 10,058 properties. Over the last 5 years, Houses in Rye have seen a 4.03% increase in median value, while Units have seen a 13.43% increase. As at 31 March 2026:
- The median value for Houses in Rye is $1,014,366 while the median value for Units is $622,295.
- Houses have a median rent of $600 while Units have a median rent of $500.
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