72 Observation DriveRye VIC 3941
Property Details for 72 Observation Dr, Rye
72 Observation Dr, Rye is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 2011. The property has a land size of 752m2. While the property is not currently for sale or for rent, it was last sold in September 2026. There are other 5 bedroom House sold in Rye in the last 12 months.
Last Listing description (September 2026)
Elevated in one of Rye's most prestigious, tightly held heights, 72 Observation Drive is a premier Spring opportunity. If you have been searching for a substantial, modern coastal retreat with genuine multi-family capability and panoramic blue-water views, this is your destination. Crafted for lifestyle entertaining and effortless flexibility, this expansive 5-bedroom, 3-bathroom residence blends architectural light with premium coastal luxury.
The Upper Level: Light, Views & Entertaining.
- Panoramic Bay Vistas : Open-plan living zones framed by floor-to-ceiling glass capturing sweeping bay views.
- Resort Living : Relax on the deck or by the sparkling pool, backdropped by an outstanding Peninsula outlook.
The Lower Level: Ultimate Versatility & Dual-Occupancy
- Self-Contained : A substantial downstairs zone featuring independent living quarters.
- Flexible Layout : Ideal for extended families, hosting dual holiday groups, a teenage retreat or prime guest stays.
- Future Potential : Ample space and a brilliant layout configured to easily accommodate future modifications or a garage conversion down the track.
- The Location : Positioned just moments from Rye's vibrant cafes, pristine front and back beaches, world-class golf courses and hot springs.
Opportunities of this scale, footprint and view calibre are exceptionally rare at a this price point. Secure your inspection ahead of the peak Spring rush.
Property History for 72 Observation Dr, Rye, VIC 3941
- 29 Sep 2026Sold for $1,300,000
- 02 Jun 2026Listed for Sale $1,350,000 - $1,450,000
- 22 May 2025Listed for Rent $1,000 / week
Recent sales nearby
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About Rye 3941
The size of Rye is approximately 17.7 square kilometres. There are 16 parks, covering nearly 14.3% of the 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 10,062 properties. Over the last 5 years, Houses in Rye have seen a -19.08% decrease in median value, while Units have seen a -4.50% decrease. As at 31 August 2026:
- The median value for Houses in Rye is $923,563 while the median value for Units is $633,054.
- Houses have a median rent of $620 while Units have a median rent of $523.
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