Expansive Family Living with Flexible Spaces and Coastal Ease

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40 Peterson Street, Crib Point VIC 3919

$1,099,000 - $1,199,900

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$1.1M - $1.15M Transparent Transparent Listing Based on an openly advertised listing price.

House 7 Beds 3 Baths 2 Cars 624 m²

Listed: 9th Apr 2026

Updated: 9 days ago

Overview

Positioned in a quiet, low-traffic street, this substantial residence offers a spacious and highly adaptable environment tailored for families. The home features multiple generous living areas that create a natural flow throughout, providing spaces for both connection and privacy. This design supports the evolving needs of larger or multi-generational households.

The property is set amongst established gardens with manicured lawns, trimmed greenery, and productive vegetable patches, enhancing the family-focused appeal. A unique feature is the charming backyard cubby, reminiscent of a classic beach box, offering a distinctive and engaging space ideal for families.

Conveniently located within walking distance to Crib Point Primary School, Cyril Fox Reserve, Crib Point Recreation Reserve, and Crib Point Station, the home also enjoys close proximity to HMAS Cerberus, Cerberus Golf Course, and the local pier extending into Western Port Bay. The nearby foreshore further enriches the relaxed coastal lifestyle available.

The residence includes seven bedrooms and three bathrooms, featuring a master suite with a walk-in wardrobe and private ensuite. Additional bedrooms come with built-in storage and individual climate control, ensuring comfort throughout the year. The floorplan is thoughtfully designed for flexible use, allowing rooms to be configured as a study, retreat, or home gym.

At the heart of the home, the kitchen is strategically positioned to serve the surrounding living zones and is complemented by a separate butler's pantry. The layout allows for easy separation into a self-contained section, perfect for extended family or independent living, complete with its own living space, bathroom, kitchenette capability, and private side access.

Outdoor living is well considered, featuring a large covered alfresco area that supports year-round entertaining while maintaining a strong connection to the backyard and gardens.

Additional features include solar panels, multiple split system air conditioning units, LED lighting, a double garage, extra off-street parking, and secure gated side access suitable for a caravan, boat, or additional vehicles.

Local Market Insights

In Crib Point, Quiet Listings observed 3 new houses entering the market over the last 30 days, down from 4 during the previous 30-day period, with an average advertised asking price of $738,333. The property type mix of listed properties is predominantly Houses at 75%, followed by units (25%). The only agency with for houses listings currently monitored in the Crib Point area is Ray White. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.