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15 Paperbark Drive, Coronet Bay$505,000
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15 Paperbark Drive

Coronet Bay, VIC 3984, Australia
$490,000 – $520,000
2001 m²

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About this property

An exceptional opportunity to secure a spacious 2001m² allotment in a quiet street within a well-established coastal estate in the popular seaside town of Coronet Bay. Known for its safe, sandy swimming beach and strong sense of community, Coronet Bay offers a relaxed, family-friendly lifestyle just 30 minutes from major shopping hubs. This large block provides ample space to build your dream home, a substantial shed (STCA), and still have room for a caravan, boat, or outdoor entertaining area-ideal for those seeking more space than a standard residential block. Enjoy the convenience of local amenities within walking distance, including a general store, pharmacy, playground, BBQ area, and scenic walking trails. A 24-hour boat ramp is just 4km away at Corinella, perfect for fishing enthusiasts. Within a 10-minute drive, you'll find a primary school, childcare centre, restaurants, a bank, ambulance services, fresh produce outlets, a hairdresser, community centre, McDonald's, local sporting grounds, wineries, and cafés. Plus, the attractions of Phillip Island are just a short drive away. Offering a peaceful coastal lifestyle with easy access to Melbourne's CBD and south-eastern suburbs via the dual-lane highway-this is the perfect spot to build, invest, or escape.

Property Details

Property Type
land
Listing Type
For Sale
Land Area
2001 m²
Listed
3 months ago

Repayment calculator

$2,448/month
$1,224 /fortnight
Loan $404,000 at 6.10% over 30 years

Upfront costs

Deposit$101,000
Stamp duty$25,370
Conveyancing (est.)$2,000
Total upfront$128,370
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 Coronet Bay

This land in Coronet Bay, VIC 3984 sits within reach of public transport, local amenities. It is listed 22% below the $645,000 median of 76 comparable landswithin 5 km.

What's nearby

  • Agar Rd/Cutty Sark Rd (bus)614 m away
  • Fred Gration Reserve1.3 km away

Coronet Bay at a glance

Full suburb profile
Population
1,108
Median age
51
Household income
$952/wk
Median rent
$281/wk
Median mortgage
$1,300/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Coronet Bay price trend

Median sold · House 3 bed

Compound growth -0.6% / yr over 4 yrs

$580kcurrent median

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Price history

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1 price change recorded for this property

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