71 Observation Drive, Rye, VIC 3941 | Property Value & History | OnTheHouse
 
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71 Observation Drive
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 94m2
Land area: 1481m2
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Last updated 9 Mar 2026
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Property Details for 71 Observation Dr, Rye

71 Observation Dr, Rye is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1980. The property has a land size of 1481m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in June 2010.

Building Type
House
Year Built
1980
Floor Size
94m2
Land Size
1481m2
Local Government
Mornington Peninsula
Lot/Plan
1/PS439320

Last Listing description (May 2010)

GREAT VALUE BUYING!
This delightful cottage set on a generous 1479m2 allotment and offering a sealed circular drive and dual access oriented around a thriving and valuable date palm comprises 3 bedrooms with built-in-robes, a full bathroom, renovated kitchen and dining area, open plan lounge and additional meals area, ducted gas heating, aircon, alarm and an enormous all weather full length deck ideal for entertaining leading directly off the kitchen/ dining area. Also comprising a detached single car (or boat) lock-up garage. All this no more than a leisurely 10-15 minute stroll to shops and beach. Just listed so be quick!

Property History for 71 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$379,500
09 Jun 2010
  • 09 Jun 2010
    Sold for $379,500
  • 28 May 2010
    Listed for Sale $379,500
  • 22 Feb 2004
    Sold for $230,000
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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 10,058 properties. Over the last 5 years, Houses in Rye have seen a 8.39% increase in median value, while Units have seen a 14.03% increase. As at 28 February 2026:

  • The median value for Houses in Rye is $1,019,442 while the median value for Units is $630,850.
  • Houses have a median rent of $600 while Units have a median rent of $510.
There are currently 73 properties listed for sale, and 5 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 343 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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