939 Melba Hwy, Yarra Glen is a 12 bedroom, 8 bathroom House with 4 parking spaces. The property has a land size of 2635m2. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 12 bedroom House sold in Yarra Glen in the last 12 months.
We are proud to present the iconic Melba Lodge to the market - a grand two-storey weatherboard residence and one of Yarra Glen's most recognisable properties. Offering an impressive ten bedrooms and eight bathrooms, this landmark home is perfectly suited for upsizers, multi-generational living, or astute investors seeking a premier Airbnb opportunity in the heart of the Yarra Valley.
The ground floor is designed for both entertaining and everyday comfort. A generous living room flows effortlessly into the formal dining space and an inviting sitting room, with the added indulgence of a well-appointed wet bar - the perfect backdrop for hosting family and friends. A powder room is conveniently located nearby, while the kitchen will delight culinary enthusiasts with its substantial industrial-style layout, huge butler's pantry, and an additional walk-in pantry, making catering for any occasion a breeze.
At the opposite end of the home, a cosy family room with soaring ceilings and a wood fire heater creates a warm, relaxed atmosphere. From here, a hallway leads to five of the ten bedrooms, four of which enjoy private ensuites with shower, toilet, and vanity. The ground-floor master suite is a truly expansive retreat, complete with a walk-in robe and a luxurious ensuite featuring a double vanity, shower, and toilet.
Upstairs, a second master suite awaits, offering its own walk-in robe and refined ensuite with double vanity, shower, and toilet. A communal bathroom on this level, with bath, shower, vanity, and toilet, enjoys a serene view over the backyard. Three additional bedrooms are located here, along with a versatile storage room and a spacious living zone that offers another space for relaxation or gatherings.
Attached to the main house is a self-contained studio with its own private entrance, providing a perfect option for guests, extended family, or potential rental income. The studio comprises its own kitchen, open-plan living and dining area, a comfortable bedroom, and an ensuite, ensuring complete independence and privacy.
Beyond the interiors, the property continues to impress. A sprawling covered entertainment deck and outdoor living area make the most of the beautiful Yarra Glen setting, while landscaped gardens are secured by a fully fenced perimeter and remote-controlled gates.
A substantial 8 m x 12 m concreted shed and workshop, complete with power and three-phase supply, offers exceptional storage and workspace. Additional premium features include rich hardwood floorboards, gas log heating, reverse-cycle split-system air conditioning, and ducted heating and cooling, ensuring comfort in every season.
With its remarkable scale, flexible layout, and unbeatable location, Melba Lodge is a property of rare distinction - ready to be enjoyed as a magnificent private home or transformed into a highly sought-after accommodation venture.
The size of Yarra Glen is approximately 35.1 square kilometres. There are 7 parks, covering nearly 1.9% of the total area. The population of Yarra Glen in 2016 was 2869 people. By 2021 the population was 3012 showing a population growth of 5.0% in the area during that time. The predominant age group in Yarra Glen is 50-59 years. Households in Yarra Glen are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Yarra Glen work in a trades occupation.In 2021, 85.70% of the homes in Yarra Glen were owner-occupied compared with 82.40% in 2016.
Yarra Glen has 1,477 properties. Over the last 5 years, Houses in Yarra Glen have seen a 13.71% increase in median value, while Units have seen a 12.91% increase. As at 31 May 2026:
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