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123 A & B The Parade

Ocean Grove, VIC 3226, Australia
$920,000

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Area Price Guide
$864,800$975,200

Indicative price guide range

🏘️
69
Comparable
📊
$1.50m
Area median
⚖️
-39%
vs median
🗓️
2 months ago
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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About this property

Situated in one of the most sought-after avenues in Ocean Grove, this rare development site offers a once-in-a-lifetime opportunity to craft your ultimate coastal escape. This larger property with current residence in place has subdivision approval for the creation of two 407 sqm (approx.) allotments, each to be sold individually. This dual opportunity invites the development of two distinctive residences, each with the potential to capture breathtaking vistas that stretch across the ocean beaches towards Port Phillip Heads, to the iconic Point Lonsdale lighthouse and all the way to Cape Schanck on the Mornington Peninsula. Imagine waking up to sweeping views of endless blue skies and glittering waters, having designed your dream home to frame the horizon at every angle. With stunning views on offer at an elevation of 9.5m, this site is perfectly positioned to take full advantagea second-storey living zone would effortlessly elevate the experience, offering a daily retreat from the ordinary. Adding to its appeal, the dual properties lie at the very perimeter of Ocean Grove's Residential Growth Zone 3, ensuring that these prized views remain preserved for years to come. This rare zoning provides peace of mind that your vision won't be overshadowed. Whether you seek a tranquil lifestyle, a weekend haven, or a savvy investment opportunity, this site represents boundless potential. The coveted Ocean Grove address combines proximity to pristine beaches, vibrant cafes, and boutique shopping with the serenity of a coastal community. This is more than just a block of land; it's the foundation for your dream. Secure this remarkable opportunity and transform possibility into a reality. Contact us today to take the first step toward living your vision. - Two separate allotments to be sold individually - Each allotment is 407 sqm (approx.) - Residential Growth Zone 3 - Guaranteed preserved views due to position at edge of RGZ3 - Stunning opportunity to craft two distinctive residences - Potential views from Ocean Grove to Mornington Peninsula

Property Features

    View full listing on Domain

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    Repayment calculator

    $4,460/month
    $2,230 /fortnight
    Loan $736,000 at 6.10% over 30 years

    Upfront costs

    Deposit$184,000
    Stamp duty$50,270
    Conveyancing (est.)$2,000
    Total upfront$236,270
    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.

    Property Details

    Property Type
    land
    Listing Type
    For Sale
    Listed
    2 months ago

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