37 Island Point Avenue, Waterways, VIC 3195 | Property Value & History | OnTheHouse
 
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37 Island Point Avenue
Waterways VIC 3195

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 345m2
Land area: 740m2
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Last updated 11 May 2026
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Property Details for 37 Island Point Ave, Waterways

37 Island Point Ave, Waterways is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 2005. The property has a land size of 740m2 and floor size of 345m2. While the property is not currently for sale or for rent, it was last sold in March 2024.

Building Type
House
Year Built
2005
Floor Size
345m2
Land Size
740m2
Local Government
Kingston
Lot/Plan
386/PS435322

Last Listing description (April 2026)

Embrace luxury living in an idyllic waterside setting with this expansive double-storey residence, perfectly positioned within the prestigious Waterways Estate and just a short stroll from the lake and scenic walking trails. Designed for comfort, space and effortless entertaining, this impressive home offers a refined lifestyle surrounded by nature while remaining close to every modern convenience.

Commanding attention with its stylish contemporary faade and grand double-door entrance, the home is framed by lush, established gardens that create a warm and inviting first impression. Inside, the light-filled ground floor showcases a soothing neutral palette, stunning timber flooring, soaring ceilings and a flowing open-plan design. Formal and casual living and dining areas provide flexibility for growing families, while the expansive enclosed alfresco and sun-dappled patio deliver the perfect setting for year-round entertaining.

At the heart of the home, the beautifully appointed stone kitchen features quality 900mm appliances, a five-burner gas cooktop, dishwasher and a generous butler's pantry, offering both practicality and style for everyday living and hosting. A versatile guest bedroom or rumpus room is positioned on the lower level alongside a full bathroom, making it ideal for visitors, extended family or a private workspace.

Upstairs, a comfortable retreat accompanies four generously sized robed bedrooms and a sparkling family bathroom. The luxurious main suite serves as a private sanctuary, complete with a custom walk-in robe and a deluxe ensuite boasting a spa bath, double stone vanity and a cedar sauna fitted with a premium Swedish TYLO heater capable of reaching 120 degrees in just 30 minutes, creating a true at-home wellness experience.

Additional features enhance the home's comfort and efficiency, including ducted heating, evaporative cooling, stone-top vanities, solar panels and quality window furnishings throughout. A remote double garage with rear roller access, storage shed and water tank add further practicality, while the flourishing gardens, fruit trees, vegetable patches and vine-covered pergolas create a charming Mediterranean-inspired outdoor environment perfect for relaxing with family and friends on warm summer days.

Enjoy a lifestyle of ease and prestige, moments from leading schools including Haileybury College, Lighthouse Christian College and Cornish College, as well as zoned schools such as Aspendale Gardens Primary School and Mordialloc College. With shopping centres, beaches, public transport and freeway access all within easy reach, this exceptional residence offers space, sophistication and a premium rental opportunity in a tightly held location.

PHOTO ID REQUIRED AT ALL OPEN HOMES.

Please note: Ray White The Bayside Group has exclusive leasing rights to this property. We do not advertise on Gumtree, Facebook Marketplace, or any other social media platforms. Please be aware of scammers - 2Apply application codes and links will be provided upon physical inspection of the property only.

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Property History for 37 Island Point Ave, Waterways, VIC 3195

A timeline of how this property has performed in the market
Last Sold
$1,800,000
23 Mar 2024
Listed for Rent
$1.20k/w
16 Mar 2026
  • 03 Mar 2026
    Listed for Rent $1,200 / week
  • 23 Mar 2024
    Sold for $1,800,000
  • 08 Jan 2024
    Listed for Sale Private Sale $1,849,900
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About Waterways 3195

The size of Waterways is approximately 1.7 square kilometres. It has 11 parks covering nearly 10.3% of total area. The population of Waterways in 2016 was 2461 people. By 2021 the population was 2422 showing a population decline of 1.6% in the area during that time. The predominant age group in Waterways is 40-49 years. Households in Waterways are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Waterways work in a professional occupation.In 2021, 88.30% of the homes in Waterways were owner-occupied compared with 89.80% in 2016.

Waterways has 794 properties. Over the last 5 years, Houses in Waterways have seen a 16.80% increase in median value, while Units have seen a 62.18% increase. As at 30 April 2026:

  • The median value for Houses in Waterways is $1,445,979 while the median value for Units is $1,499,201.
  • Houses have a median rent of $950.
There are currently 4 properties listed for sale, and 1 property listed for rent in Waterways on OnTheHouse. According to Cotality's data, 42 properties were sold in the past 12 months in Waterways.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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