496 Tasman Drive, Rye, VIC 3941 | Property Value & History | OnTheHouse
 
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496 Tasman Drive
Rye VIC 3941

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 203m2
Land area: 875m2
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Last updated 6 Apr 2026
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Property Details for 496 Tasman Dr, Rye

496 Tasman Dr, Rye is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2000. The property has a land size of 875m2 and floor size of 203m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
House
Year Built
2000
Floor Size
203m2
Land Size
875m2
Local Government
Mornington Peninsula
Lot/Plan
150/LP44535

Last Listing description (October 2021)

This well-maintained fabulous home is across the street from the Mornington Peninsula National Park and its walking tracks to the breathtaking Number 16 ocean beach.

The house is designed with versatility in mind, with 2 living areas totaling 110sqm, 2 full bathrooms and 4 bedrooms almost equally split into two wings to the main entrance. The two open plan living areas are both equipped with their own kitchens. Both bathrooms are equipped with jetted spa bath tubs. With doors between the two wings to separate each other, such set-up will suit families of all different sizes.

There is great outdoor space perfect for entertaining. In the fully fenced back yard you will find extensive decks placed next to the two living areas with gas-plumbed BBQ, and a seated fire pit perfect for fun and relaxation from holidays in all seasons.

There is no wonder that this property has been very popular among holiday makers and accumulated a track record of substantial incomes from holiday short-stays.

With a block of 876sqm large, there is a lot of potential for hands-on owner to make future improvement so a great balance of income stream and capital growth is realistically achieved. It will not be an over-statement to say that the property suits occupiers and investors alike.

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Property History for 496 Tasman Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$1,570,000
28 Sep 2021
  • 28 Sep 2021
    Sold for $1,570,000
  • 22 Apr 2021
    Listed for Sale $1,500,000
  • 15 Jan 2019
    Sold for $845,000
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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 10,057 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.
There are currently 73 properties listed for sale, and 6 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 342 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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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.

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