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11 Observation Drive, Rye$710,000
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11 Observation Drive

Rye, VIC 3941, Australia
$700,000 – $720,000
717 m²

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About this property

Build the home of your dreams in a sought-after lifestyle location with this 717m2 vacant parcel of land in Rye. Measuring approximately 42.7m by 16.8m with an existing driveway for easy access, there's plenty of room to build the perfect residence, whether it's a contemporary masterpiece or a charming cottage, without building removal costs. Established trees and gardens, including fruit trees, give you a ready-made leafy backdrop for your home no need to wait a generation for trees to grow to maturity enjoy the lush surrounds from day one. Rye Beach and foreshore cafes and restaurants are all within walking distance. Imagine starting your morning with a stroll along the foreshore, grabbing a coffee, enjoying a round on one of the first-class golf courses, taking in the scenery at Number Sixteen Beach, and ending the day with a wine from one of the local wineries life doesn't get better than this. For your everyday convenience, Woolworths, Rye Primary School, and public transport are also within walking distance, and Melbourne CBD is approx. 90 minutes away via the Peninsula Freeway. Vacant and leafy 717m2 parcel of land in Rye Approx. 42.7m deep with 16.8m street frontage No demolition or building removal is required Established trees and gardens + existing driveway Walk to Rye foreshore, shops, school, restaurants

Property Details

Property Type
land
Listing Type
For Sale
Land Area
717 m²
Listed
3 months ago

Repayment calculator

$3,442/month
$1,721 /fortnight
Loan $568,000 at 6.10% over 30 years

Upfront costs

Deposit$142,000
Stamp duty$37,670
Conveyancing (est.)$2,000
Total upfront$181,670
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Rye

This land in Rye, VIC 3941 sits within reach of public transport, local shops and nearby schools. It is listed 35% below the $1.10m median of 67 comparable landswithin 5 km.

Schools near Rye

  • Rye Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Ozone St/Bimble St (bus)399 m away
  • BWS576 m away
  • Recreation Reserve1.2 km away
  • Unnamed1.4 km away
  • Mathis Avenue Reserve1.6 km away

Rye at a glance

Full suburb profile
Population
9,438
Median age
51
Household income
$1,334/wk
Median rent
$372/wk
Median mortgage
$1,800/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Rye price trend

Median sold · House 3 bed

Compound growth -6.7% / yr over 4 yrs

$873kcurrent median

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