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26 Magnolia Court

Rye, VIC 3941, Australia
$1.07m
3 bed 2 bath 1 car109m²

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Area Price Guide
$1.01m$1.14m

Indicative price guide range

🏘️
69
Comparable
📊
$1.32m
Area median
⚖️
-19%
vs median
📐
$9,862
Per m²
📏
109 m²
Land
🗓️
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

Positioned within the tightly held Tyrone Foreshore precinct and tucked privately at the end of a quiet Magnolia Court cul-de-sac, this architectural residence is a rare offering of both design significance and Peninsula lifestyle appeal. Designed by acclaimed architect Robinson Chen and completed in the early 1980s, 'Mikado' is a striking cubic brick home defined by its sliced-corner entrance and bold geometric form. The residence won an RAIA Award in 1982 and remains one of the firm's most recognised residential works. Set on approximately 556sqm of land, the home's unique floorplan wraps around expansive decking, creating a seamless indoor-outdoor connection. Soaring ceilings and extensive windows flood the interiors with natural light, with windows thoughtfully positioned by the architect to capture optimal northern orientation and maximise natural light throughout the day. Every bedroom opens directly to the tranquil backyard via large sliding doors - enhancing the home's calming, Japanese-inspired inside-outside feel. The floorplan comprises three bedrooms (or two plus study), all with built-in robes, and two bathrooms, including a private ensuite to the main bedroom. The main bathroom features a separate toilet for added functionality. A light-filled open-plan living and dining domain connects effortlessly with the modern kitchen and outdoor entertaining zones. The landscaped rear garden is private and serene, complete a spa tucked discreetly into the setting - ideal for relaxing after a day at nearby Tyrone Beach, just moments away. Currently operating as a successful holiday rental, the property offers immediate lifestyle enjoyment with proven income potential. A single carport and leafy, private frontage complete this distinctive coastal retreat. A rare opportunity to secure a piece of award-winning architectural history in one of Rye's most sought-after foreshore pockets.

Property Features

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    Repayment calculator

    $5,212/month
    $2,606 /fortnight
    Loan $860,000 at 6.10% over 30 years

    Upfront costs

    Deposit$215,000
    Stamp duty$59,125
    Conveyancing (est.)$2,000
    Total upfront$276,125
    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
    house
    Listing Type
    For Sale
    Bedrooms
    3
    Bathrooms
    2
    Parking
    1
    Land Area
    109m²
    Listed
    2 months ago

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