53 Lake Avenue
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About this property
From its coveted position directly fronting the glassy waters of Blue Waters Lake, this recently enhanced fourbedroom home offers spectacular views and a rare chance to secure one of Old Ocean Grove's most esteemed addresses. Uniting classic character with a uniquely tranquil waterfront lifestyle, this split-level classic pairs enduring charm with a sun-lit northern aspect that frames the surrounding natural beauty at every opportunity. Preserving its original charm, the home's slate flooring, exposed beams, and feature brickwork create a warm, earthy ambience, complemented by high pitched ceilings that invite abundant natural light. Designed to draw in the mesmerising water views, the expansive living zone flows to a recently updated kitchendining area appointed with Westinghouse cooking appliances and an Asko dishwasher for refined practicality. Along the rear hallway, four wellsized bedrooms provide generous family accommodation, with the junior rooms fitted with builtin robes. The nearnew main suite elevates everyday comfort with a fitted walkin robe and a sparkling ensuite featuring fullheight tiling, a walkin shower, and a stonetopped vanity. The undisputed highlight of this residence is the magnificent undercover alfresco deck, complete with a wellequipped outdoor kitchen and lowerlevel seating platform, all oriented to ensure the breathtaking views take centre stage. Whether hosting family and friends or simply soaking up the serenity, this sublime sanctuary delivers a true frontrow experience to the everchanging beauty of the lake. Enhanced by ducted heating, splitsystem airconditioning, a single lockup garage and generous driveway parking, this residence claims a highly coveted position with direct access to lakeside walking paths, moments from the Barwon River, and a leisurely stroll to Ocean Grove's vibrant heart.
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 4
- Bathrooms
- 2
- Parking
- 1
- Land Area
- 604 m²
- Listed
- 2 months ago
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Neighbourhood
Living in Ocean Grove
This 4-bedroom house in Ocean Grove, VIC 3226 sits within reach of public transport, local shops and nearby schools. It is listed 3% above the $1.30m median of 72 comparable houseswithin 5 km.
Schools near Ocean Grove
- Ocean Grove Primary Schoolprimary · Prep-6 · CoEd
- Our Lady Star of the Sea Schoolprimary · Prep-6 · CoEd
- Surfside Primary Schoolprimary · Prep-6 · CoEd
- Bellarine Secondary College-Ocean Grove Campussecondary
What's nearby
- Asbury St West/Presidents Ave (bus) — 1.1 km away
- 7-Eleven — 2.6 km away
- Arthur Powell Reserve — 1.8 km away
- Unnamed — 2.1 km away
- Begola Wetlands — 2.3 km away
Ocean Grove at a glance
Full suburb profile- Population
- 17,714
- Median age
- 43
- Household income
- $1,837/wk
- Median rent
- $420/wk
- Median mortgage
- $2,000/mo
Source: ABS Census.
Due diligence
Property Report
Future Development
Ocean Grove sits within Geelong's slower-growth Bellarine Peninsula fringe, characterized by incremental residential infill and modest coastal amenity-driven development rather than major urban renewal. Nearby activity is dominated by estate expansion in Waurn Ponds and broader Geelong CBD renewal efforts 10-15km away. Infrastructure improvements (Ring Road, local road upgrades) support gradual residential consolidation across the precinct through to 2026.
Nearby projects
5
Closest
0 km
Ocean Grove Township - Residential Infill
Distance from this property is exact (rings = km). Direction is illustrative.
Ocean Grove Township - Residential Infill
0 kmIncremental residential development on smaller allotments within Ocean Grove's established areas, typical of Geelong's fringe consolidation.
2025
Bellarine Peninsula - Coastal Residential
3 kmScattered residential developments on the Bellarine Peninsula capitalizing on proximity to beaches and coastal amenity.
2025
Waurn Ponds Growth Area - Estate Development
8 kmLarge-scale residential estate expansion in Waurn Ponds as part of Geelong's broader western corridor growth strategy.
2026
Gheringhap Street Precinct - Mixed-use Renewal
12 kmUrban renewal activity focused on Geelong CBD's main commercial corridor with residential and retail intensification.
2027
Geelong Ring Road - Infrastructure
15 kmMajor transport infrastructure project supporting broader regional development and connectivity across the Geelong region.
2025
Suburb market
Suburb price trend
Ocean Grove price trend
Median sold · House 4 bed
Compound growth -3.1% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Ocean Grove marketThis listing
Price history
Price history
Listing price changes
1 price change recorded for this property
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