388 Mt Dandenong Tourist Road, Sassafras, VIC 3787 | Property Value & History | OnTheHouse
OFF MARKET

388 Mt Dandenong Tourist Road
Sassafras VIC 3787

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5161m2
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Property Details for 388 Mt Dandenong Tourist Rd, Sassafras

Building Type
Land
Land Size
5161m2
Local Government
Yarra Ranges
Lot/Plan
2/TP709438

Last Listing description (June 2026)

Residential and Commercial land opportunity!

Nestled within the lush landscape of the Dandenong Ranges lies this coveted acre of land brimming with opportunity and beckoning those with entrepreneurial dreams. Presenting the last bastion of undeveloped commercial space in the iconic village of Sassafras, this rare gem emerges as a beacon for business ventures, offering a blank canvas for the right visionary to unlock its true value and create the enterprise you have been envisioning for so long. A 2-minute walk to Sassafras Primary School and Pre-School, and adjacent to iconic Miss Marples Tea Room and Geppettos Workshop which enjoy strong trade from local residents and passing travellers, the allotment promises a harmonious blend of nature, community and commerce. The only untouched canvas in this bustling tourist hub, where every other plot has been claimed and developed, this is an opportunity that has not been seen for decades.

Furthermore, there is scope to create something that adds value to Sassafras' vibrant community and has the potential to shape the towns future. It's about crafting a space that resonates with tourists and locals alike and leaving your mark on this charming town by creating something truly special.

One of the most enchanting features of this property is its proximity to nature. The land backs onto state forest, offering a lush backdrop and a sense of tranquillity that is hard to find elsewhere. Picture a magical day spa overlooking the forest (STCA), where visitors can escape from their hectic lives and immerse themselves in nature's soothing embrace. Or perhaps envision a bustling retail complex (STCA) with ample parking space, attracting tourists and locals alike with its unique offerings. The choice is yours.

The property is commercially zoned and in the 1990s, lapsed plans were drawn up for retail/shops, office/residential spaces and parking. The potential here is immense; all it needs is your innovative touch to bring these plans back to life or create something entirely new (STCA).

At a Glance:

Over an acre of undeveloped land in main street Sassafras (5161m2).
Next door to iconic Miss Marples Tearoom.
Previous lapsed plans from the 1990s available for perusal.
Suitable for office/retail space, hospitality venture/bakery/wine bar, day spa, medical/health premises, parking or a community establishment (STCA).
Mount Dandenong Tourist Road frontage with easy access for tourists and locals alike.
Footsteps from #688 & #694 bus stop.
The townships of Olinda, Mount Dandenong, Kallista, The Basin and Upper Ferntree Gully are all a short commute.

Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice.

Property History for 388 Mt Dandenong Tourist Rd, Sassafras, VIC 3787

A timeline of how this property has performed in the market
Last Sold
$393,000
12 Jul 1990
  • 21 Apr 2026
    Listed for Sale $1,080,000 - $1,180,000
  • 12 Jul 1990
    Sold for $393,000
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About Sassafras 3787

The size of Sassafras is approximately 4.7 square kilometres. There are 12 parks, covering nearly 83.7% of the total area. The population of Sassafras in 2016 was 1061 people. By 2021 the population was 970 showing a population decline of 8.6% in the area during that time. The predominant age group in Sassafras is 50-59 years. Households in Sassafras are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sassafras work in a professional occupation.In 2021, 89.60% of the homes in Sassafras were owner-occupied compared with 90.40% in 2016.

Sassafras has 508 properties. Over the last 5 years, Houses in Sassafras have seen a -2.28% decrease in median value, while Units have seen a 94.74% increase. As at 31 August 2026:

  • The median value for Houses in Sassafras is $1,002,434 while the median value for Units is $1,260,955.
  • Houses have a median rent of $420.
There are currently 1 property listed for sale, and no properties listed for rent in Sassafras on OnTheHouse. According to Cotality's data, 17 properties were sold in the past 12 months in Sassafras.

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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.