54 Observation Drive, Rye, VIC 3941 | Property Value & History | OnTheHouse
OFF MARKET

54 Observation Drive
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 97m2
Land area: 766m2
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Property Details for 54 Observation Dr, Rye

54 Observation Dr, Rye is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1985. The property has a land size of 766m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in October 2017.

Building Type
House
Year Built
1985
Floor Size
97m2
Land Size
766m2
Local Government
Mornington Peninsula
Lot/Plan
1/TP91735

Last Listing description (December 2017)

With all the hallmarks of what we love about living by the sea, this charming property exudes relaxation and a coastal ambience. Light, welcoming and set in a quiet street, this lovely home is also just minutes to the heart of Rye.
Features:
-Three sizeable bedrooms serviced by the central family bathroom

-Character-filled weatherboard home with coastal accents
-White tonings, anchored by polished timber floors enhance the seaside vibe
-Open plan living and meals zone featuring a cathedral ceiling and cosy wood burner
-Outside, step onto one of the two decks which provide tranquil, treed outlooks
-An eight-seater spa is the icing on the cake for this chilled out home by the sea
-Private and secluded in a popular pocket of Rye
-Convenient to the front and back beaches as well as the local shops, schools and cafes
-Generous garden for the kids and pets on a 767sqm* allotment
-Further extras include spilt system heating and cooling, plus a single carport and extra parking spaces
-Simply ideal for holidays, every day or a well-positioned investment
*all measurements are approximate

Property History for 54 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$568,000
09 Oct 2017
  • 09 Oct 2017
    Sold for $568,000
  • 30 Sep 2017
    Listed for Sale SOLD - YOUR PROPERTY AGENT
  • 19 Jul 2011
    Sold for $375,000
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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 10,056 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 76 properties listed for sale, and 6 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 346 properties were sold in the past 12 months in Rye.

Suburb Insights for Rye 3941

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Cotality Copyright and Legal Disclaimers about Property Data
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.