87 Observation DriveRye VIC 3941
Property Details for 87 Observation Dr, Rye
87 Observation Dr, Rye is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 1398m2 and floor size of 132m2. While the property is not currently for sale or for rent, it was last sold in December 2024.
Last Listing description (July 2025)
Nestled on a generous 1,348sqm block, this exceptional property offers the perfect blend of coastal charm and comfortable living, just a short stroll from Rye's beautiful foreshore and beach.
Elevated to capture sweeping views over the treetops and framed by thoughtfully designed gardens, the home enjoys a sunny North/West orientation and provides a tranquil setting and a welcome retreat from the busyness of everyday life.
The inclusion of a sparkling pool and tennis court add a touch of luxury and create a true resort style experience, making this outdoor living area a haven of privacy and relaxed recreation.
Whether hosting summer gatherings on the expansive rear deck, enjoying the sheltered courtyard in cooler months, or living day to day in the comfortable confines of the interior spaces - this home offers supreme function and versatility no matter the season.
The relaxed interior embodies the carefree nature of coastal living with the use soft, earthy tones throughout - creating a calming and natural ambiance as you move throughout the home, whilst large windows invite abundant sunlight, enhancing the home's bright and airy feel.
Positioned in a highly sought-after area, this home puts you at the heart of the Peninsula's best offerings, from local schools to boutique shopping, gourmet dining, and world-class wineries making this excellent Rye property the perfect proposition for a lucrative Airbnb investment or holiday home.
A rare opportunity to embrace a laid-back lifestyle in one of Rye's most desirable locations this is your chance to make every day feel like a getaway.
Property Features Include:
- Sunny North/West orientation.
- Sparkling Pool and Tennis Court.
- Expansive outdoor decking perfect for year round entertaining.
- Huge 1,348*m2 block.
- Sweeping views across the treetops.
- Located close to Rye Village and Foreshore.
*All distances and measurements are approximate only.
Property History for 87 Observation Dr, Rye, VIC 3941
- 23 Dec 2024Sold for $935,000
- 17 Sep 2024Listed for Sale $935,000
- 13 Jul 2018Sold for $755,000
Recent sales nearby
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0About 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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