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

93 Observation Drive
Rye VIC 3941

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 88m2
Land area: 885m2
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Property Details for 93 Observation Dr, Rye

93 Observation Dr, Rye is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 885m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last transferred in November 2020.

Building Type
House
Year Built
1960
Floor Size
88m2
Land Size
885m2
Local Government
Mornington Peninsula
Lot/Plan
145/LP19188

Last Listing description (October 2018)

A classic Rye beach house elegantly updated to reflect a stylish modern aesthetic that works in harmony with the lush coastal landscape, relaxed beachside escapes are effortless from this adorable three-bedroom home on 885 m2 (approx.).
Superbly situated just 20 minutes walk to Rye beach, supermarket and cafe strip to provide absolute convenience for both holidaymakers and permanent residents alike, the five minute drive to the surf coast, golfing greens and hot springs will also appeal to the vacation market in this always-popular coastal locale.

Flanked by front and rear decks to soak up the seaside ambience and peninsula panorama, the vibrant home offers an inviting open plan living and dining area with timber flooring and a modernised kitchen with sleek white cabinetry, timber countertops and Miele dishwasher to make light work of preparing your cheese platters to enjoy out on the wraparound deck.
Each with ceiling fans to keep temperatures mild on hot summer nights, the three light-filled bedrooms share an updated bathroom with deep tub, walk-in shower and separate toilet, while a toasty Coonara, split-system airconditioning and carport have simple comforts covered in the chic beach retreat.

Property History for 93 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Transferred
05 Nov 2020
Listed for Rent
$370/w
27 Oct 2017
  • 05 Nov 2020
    Transferred
  • 22 Aug 2018
    Listed for Sale $499,000 - $548,000
  • 03 Oct 2017
    Listed for Rent $370 / week
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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 74 properties listed for sale, and 4 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 343 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.