48-54 Glenvue RoadRye VIC 3941
Property Details for 48-54 Glenvue Rd, Rye
48-54 Glenvue Rd, Rye is a 7 bedroom, 4 bathroom House with 2 parking spaces and was built in 1975. The property has a land size of 24015m2 and floor size of 357m2. While the property is not currently for sale or for rent, it was last sold in June 2017.
Last Listing description (August 2017)
An extremely rare opportunity to restore a Peninsula icon to its former glory and revel in spectacular 360-degree views sweeping across the ocean, the bay and Arthurs Seat, this grand four-bedroom residence set atop an elevated 6-acre (approx.) parcel of land is absolutely charged with potential.
Once the popular Highlands Sauna & Bath House frequented by Melbournians on pampering weekend escapes, the tri-level designed home fringed by north-westerly decks has been well considered to take in the sunset views, with a glass-flanked turret on the third level providing the ultimate observation room to look out over Port Phillip Bay and Bass Strait.
With the current residence providing the advantage of a three-storey height that is unlikely to be obtained on a new build, the home could provide the basis of a wonderful renovation, using the extensive floor plan to cater for the largest of families or for an accommodation business (STCA) beside golf courses, hot springs, bay and surf beaches.
Inside, the current premises includes a vast living area and kitchen on the mid-level, along with two bedrooms, sun room, balcony and a bathroom, while the lower level is self-contained with two more bedrooms, a second bathroom, second kitchen and living area opening to a deck.
Property History for 48-54 Glenvue Rd, Rye, VIC 3941
- 10 Jun 2017Sold for $1,030,000
- 30 May 2017Listed for Sale $1,188,000.00
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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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