48 Michael Street, Rye, VIC 3941 sold on 13 May 2025 | OnTheHouse
SOLD
Sold on 13 May 2025 for $1,625,000

48 Michael Street
Rye VIC 3941

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 593m2
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Property Details for 48 Michael St, Rye

48 Michael St, Rye is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 593m2. While the property is not currently for sale or for rent, it was last sold in May 2025. There are other 3 bedroom House sold in Rye in the last 12 months.

Building Type
House
Land Size
593m2
Local Government
Mornington Peninsula
Lot/Plan
27/LP86701

Last Listing description (August 2025)

Designer living beside beautiful Tyrone Foreshore

Harnessing spectacular natural sunlight and showcasing an amazing compilation of beautiful colours and finishes, this brand-new builder's own designer home provides stylish space and a superb seaside lifestyle just walking distance to the turquoise waters off sandy Tyrone Foreshore.

A choice position beside this picturesque coastline between Blairgowrie Village caf strip and Rye's vibrant town centre, this four-bedroom plus study home is tailored to the highest standards with beautiful curves greeting you in the entry, fabulous flow to alfresco space and skylights that add illumination.

With instant street appeal among landscaped gardens, the two-storey home features a lovely open plan living area with herringbone Vic Ash floorboards and triple-stacked sliding doors providing a seamless flow to a lovely alfresco deck and pergola with climbing passionfruit vine.

Across the lawn, a Mediterranean-style stone terrace with built-in firepit and olive trees provides an enchanting spot to end the day and enjoy drinks under the stars.

The kitchen shows distinction with waterfall porcelain countertops, induction cooktop, 900mm oven, walk-in pantry, soft-closing drawers and a wide island bench overlooking the spacious dining area, while the open plan lounge has a striking custom-made wall unit.

The primary bedroom has a dressing room, modern ensuite with in-floor heating, skylight over an open shower and more triple stacked doors opening to the rear deck and garden. Three more spacious bedrooms are located on the upper level surrounding a large lounge with treetop aspect, serviced by a distinctive family bathroom with fluted glass screen in front of a walk-in shower and a freestanding bathtub.

With internal access to a double remote-controlled garage, the home also includes a dedicated study with remote-controlled skylight, ducted heating, refrigerated cooling, a storage room, sleek powder room, sandpit, rainwater tanks supplying water to the toilets and a garden irrigation system.

For further information, please contact Mal McInnes at the Blairgowrie Office on 0415 502 316 or mal.mcinnes@belleproperty.com

Disclaimer: Whilst every care has been taken in preparing the property information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.

Property History for 48 Michael St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$1,625,000
13 May 2025
  • 13 May 2025
    Sold for $1,625,000
  • 10 Jan 2025
    Listed for Sale CONTACT AGENT
  • 04 Sep 2020
    Sold for $640,000
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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 10,055 properties. Over the last 5 years, Houses in Rye have seen a 22.76% increase in median value, while Units have seen a 31.01% increase. As at 30 November 2025:

  • The median value for Houses in Rye is $1,011,841 while the median value for Units is $633,986.
  • Houses have a median rent of $593 while Units have a median rent of $490.
There are currently 71 properties listed for sale, and 6 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 348 properties were sold in the past 12 months in Rye.

Suburb Insights for Rye 3941

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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.