40 Diamond Dr, Ocean Reef is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1993. The property has a land size of 839m2 and floor size of 221m2. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 5 bedroom House sold in Ocean Reef in the last 12 months.
NEW TO MARKETCoastal Lifestyle & Investment Potential | 40 Diamond Drive Ocean ReefSet in the sought-after coastal suburb of Ocean Reef, this five-bedroom, three-bathroom residence offers a rare opportunity for families or investors looking for flexibility, space, and ocean views. With a versatile floorplan that includes a separate studio complete with its own entrance and secure lockable access to the main home, this property caters perfectly to multigenerational living, extended family, guests, or rental income potential.From its elevated position, the home captures beautiful ocean vistas and the refreshing sea breeze. The interior provides ample living space, while the studio option adds adaptability for modern lifestyles. Outside, the large shed with side access offers parking for a boat, caravan, or trailer, ensuring there is plenty of room for all the toys.Location is everything, and this address delivers. Just moments away is the highly anticipated Ocean Reef Marina development, a $200 million transformation set to create a vibrant waterfront precinct of dining, retail, and lifestyle attractions. Adding to the appeal is the soon-to-be-completed Sunset Plaza, bringing with it a Coles supermarket, Revo gym, and a rooftop bar by the creators of the Hillarys Beach Club. Together, these projects are set to position Ocean Reef as one of Perth's premier coastal destinations and enhance long-term growth potential.The property is also conveniently close to local schools, parks, shopping precincts, restaurants, cafes, and Perth's world-class beaches, making it the ideal combination of lifestyle and convenience. Whether you're seeking a spacious family home, a dual-living solution, or a smart coastal investment, 40 Diamond Drive Ocean Reef is an address not to be missed.Disclaimer: This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy, and interested parties should place no reliance on it and should make their own independent inquiries.
The size of Ocean Reef is approximately 5.4 square kilometres. It has 11 parks covering nearly 28.0% of total area. The population of Ocean Reef in 2016 was 7840 people. By 2021 the population was 8125 showing a population growth of 3.6% in the area during that time. The predominant age group in Ocean Reef is 50-59 years. Households in Ocean Reef are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ocean Reef work in a professional occupation.In 2021, 86.20% of the homes in Ocean Reef were owner-occupied compared with 84.90% in 2016.
Ocean Reef has 3,267 properties. Over the last 5 years, Houses in Ocean Reef have seen a 106.38% increase in median value, while Units have seen a 119.70% increase. As at 28 February 2026:
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