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

72 Observation Drive
Rye VIC 3941

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 220m2
Land area: 753m2
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Last updated 16 Feb 2026
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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 2012. The property has a land size of 753m2 and floor size of 220m2. While the property is not currently for sale or for rent, it was last sold in January 2009.

Building Type
House
Year Built
2012
Floor Size
220m2
Land Size
753m2
Local Government
Mornington Peninsula
Lot/Plan
229/LP19188

Last Listing description (June 2025)

Nestled in the heart of Rye, this stunning two-storey residence presents an idyllic lifestyle opportunity for families seeking both luxury and convenience. With five generously sized bedrooms and three modern bathrooms, this home is crafted for comfort and sophistication, ensuring ample space for a growing family to live, play, and relax.

The living experience is further enhanced by breathtaking bay views, visible from the comforts of your new abode. Outside, the allure continues with a sparkling swimming pool, promising endless fun in the sun and a perfect setting for hosting summer barbecues or simply unwinding after a busy day. A fantastic chicken run and fully functioning veggie gardens round out the yard perfectly.

Upon reaching the top of the stairs, you are greeted with an expansive open plan layout that seamlessly integrates the kitchen, living, dining and alfresco areas, creating a harmonious space for entertaining or enjoying quiet family moments. The kitchen boasts sleek design and functionality, complete with an integrated fridge and top-of-the-line appliances that will delight the home chef.

Parking is a breeze with two dedicated spaces plus the driveway, adding to the convenience of this exceptional home. And when the urge to explore strikes, you're mere moments away from the vibrant cafes and restaurants of Rye, offering a taste of the local gastronomic scene.

This property is a sanctuary for those who appreciate the finer things in life, offering a perfect blend of elegance, functionality, and location. It's more than just a house; it's a home waiting to be filled with new memories. Don't miss the chance to make it yours.

Property History for 72 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$210,000
20 Jan 2009
Listed for Rent
$1.00k/w
18 Jun 2025
  • 22 May 2025
    Listed for Rent $1,000 / week
  • 20 Jan 2009
    Sold for $210,000
  • 28 Nov 2008
    Listed for Sale $235,000
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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 13.34% increase in median value, while Units have seen a 29.10% increase. As at 31 January 2026:

  • The median value for Houses in Rye is $1,028,941 while the median value for Units is $628,019.
  • Houses have a median rent of $600 while Units have a median rent of $493.
There are currently 68 properties listed for sale, and 8 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 351 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.