68 Observation DriveRye VIC 3941
Property Details for 68 Observation Dr, Rye
68 Observation Dr, Rye is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 752m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
Last Listing description (January 2021)
Private and exceptionally tranquil, this stunning home and garden can be found in one of Rye's most quiet and secluded areas yet an easy stroll to near-by shops and front beach.
Perched at one of the higher points of the street and enjoying a bay glimpse and valley outlooks, this single level home of brick construction opens up to a spacious living room filled with natural light and neutral tones to ensure a relaxed coastal feeling; zoned separately are four good sized bedrooms with a master built in robe, a family bathroom, laundry, separate toilet and single car garage.
Sitting on a generously sized allotment of 752sqm approximately of prime coastal land, this property offers fantastic opportunity for renovations and additions. Ample room for an outdoor entertaining area in the back or in-ground pool (STCA).
Centrally located and surrounded by the Mornington Peninsula's lifestyle and retail amenities, from pristine bay and ocean surf beaches, premier golf courses, world class wineries, corner cafes and the famous Peninsula Hot Springs just to name a few. Just over a one hour drive from Melbourne's CBD, a short commute from one of Australia's most livable cities.
Being offered for sale via private negotiation, this truly is a great opportunity to purchase a seaside home in a leading holiday destination.
Feel free to contact me via the details below to arrange a private inspection, I don't expect this property to last long.
Property History for 68 Observation Dr, Rye, VIC 3941
- 14 Dec 2020Sold for $700,000
- 01 Dec 2020Listed for Sale Under Contract
- 07 Dec 2018Listed for Sale $615,000 - $676,500
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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.
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