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2/68 Spray Street

Elwood, VIC 3184, Australia
$2.25m
3 bed 3 bath 2 car382m²

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Area Price Guide
$2.12m$2.38m

Indicative price guide range

🏘️
63
Comparable
📊
$885,000
Area median
⚖️
+154%
vs median
📐
$5,890
Per m²
📏
382 m²
Land
🗓️
3 weeks ago
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Multi-dimensional analysis · last updated 06/05/2026

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Schools

7 nearby schools

Catchment: Elwood Primary School

Zoning

GRZ1 — General Residential Zone Schedule 1

Port Phillip Planning Scheme

Public transport

Data unavailable

Traffic

Moderate congestion

Morning peak (7-9 AM) and evening peak (5-7 PM) see increased traffic on nearby arterial roads, particularly Glenhuntly Road and Bay Street. Spray Street itself remains relatively quiet as a residential street, though accessing major roads during peak hours may experience delays of 10-15 minutes.

Flood risk

Medium

Elwood is a beachside suburb in Melbourne's bayside suburbs adjacent to Port Phillip Bay, with documented flood risk from coastal inundation and local drainage issues. The LSIO typically applies to parts of Elwood due to proximity to water bodies and historical storm surge/tidal flooding events. Risk is primarily from storm surge, high tides, and poor stormwater drainage rather than river flooding, with elevation and coastal exposure being key vulnerability factors.

Bushfire risk

None

Elwood is a dense, inner-suburban coastal locality in Melbourne's bayside area with minimal bushfire risk. The suburb is predominantly developed residential with parks and gardens, well away from bushland interfaces. No Bushfire Management Overlay (BMO) or Bushfire Prone Area (BPA) mapping applies to Elwood.

Crime profile

below average

Trend: stable

Nearby development

5 projects nearby

Elwood is experiencing moderate residential intensification along transport corridors (St Kilda Road) and foreshore mixed-use redevelopment pressure. The bayside location and proximity to Melbourne CBD support apartment development and public realm investment, with Council supporting waterfront activation and incremental infill rather than large-scale renewal.

Heritage

Heritage listed

Elwood is an inner-city bayside suburb with established heritage character, containing numerous Victorian and Edwardian residences. The area falls within a Heritage Overlay under the Stonnington Planning Scheme, with scattered individual property listings and precinct-level protections. Development is subject to conservation area controls emphasizing retention of period architectural character and streetscape consistency.

Sources: Australian Gov open data + StMate AI
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About this property

A private sanctuary in the heart of Elwood - one of only two residences, complete with its own rooftop, private pool, lift access, basement parking, and so much more, where unrivalled luxury meets coastal exclusivity. Could this be Elwood's most exclusive apartment offering? The result of an inspired partnership between Keystone Property Group and KUD Architecture, two industry leaders united by a shared commitment to intelligent design that elevates the everyday lived experience, this brand-new penthouse residence is the pinnacle of new-age luxury. Considered Design: crafted to maximise light, space and flow across a generously proportioned layout, the elevated open-plan living and dining domain with a feature fireplace draws in natural light through oversized architectural windows, framing an iconic tree-lined streetscape, reinforcing the tranquil ambience. Kitchen and Entertaining: The kitchen is appointed with Miele appliances, a Fisher and Paykel integrated refrigerator and freezer, and soft 2pac in muted white tones, positioned to serve both the dining area and the broader living space with ease. Lush, green landscaping grows up and spills out from private terraces and contemporary colonnades, ensuring that a true sense of calm is achieved without compromise. Accommodation: The main suite faces north, with walk-in robes and a lavish en-suite with a freestanding bath. Two further bedrooms each have fitted robes and private en-suites, a hallway study with a stone bench and ample storage adds a practical dimension to the floorplan, and a powder room completes the living arrangement. Amenity and Security: Fluted glass and joinery detailing, French Oak flooring, and tundra marble surfaces establish a consistent design language from the entry foyer to the main suite. Lucci ceiling fans, full-height doors, reverse-cycle heating and cooling, designer lighting, a large laundry, alarm system, CCTV, keypad entry and secure parking for two ensure nothing is amiss. Private Rooftop with Lift Access: Elevated to take in the most spectacular city views, this sun-soaked alfresco design features a spectacular rooftop pool as its ultimate centerpiece, plus an abundance of entertaining space surrounded by the area's stunning tree-scape. Entertaining up in the sky is highly unique to Elwood, with a point of difference that sets the residence apart from all others. Elwood Lifestyle: Within a short stroll to Elwood's foreshore, Elsternwick Train Station, Ormond Road Village, nature reserves, celebrated café culture, boutique retail and cocktail bars, and an array of transport options including city-bound trams and buses, Aura on Spray is a one-of-a-kind offering within one of Melbourne's most admired bayside neighbourhoods. ** 100% Stamp Duty Savings Available - Please Discuss With Agent ** All information herein has been supplied to us, and we have no reason to doubt its accuracy. However, we cannot guarantee it. Accordingly, all interested parties should make their own inquiries.

Property Features

    View full listing on Domain

    See all photos, agent details & contact options on the original source.

    Repayment calculator

    $10,908/month
    $5,454 /fortnight
    Loan $1,800,000 at 6.10% over 30 years

    Upfront costs

    Deposit$450,000
    Stamp duty$126,250
    Conveyancing (est.)$2,000
    Total upfront$578,250
    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
    apartment
    Listing Type
    For Sale
    Bedrooms
    3
    Bathrooms
    3
    Parking
    2
    Land Area
    382m²
    Listed
    3 weeks ago

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