Coastal Charm and Huge Development Potential - 500m to the Beach!

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11 Broadway, Capel Sound VIC 3940

$650,000 - $700,000

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$650k - $683k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 1 Bath 4 Cars 715 m²

Listed: 7th May 2026

Updated: 9 days ago

Overview

Welcome to a rare opportunity in the heart of the Mornington Peninsula, located approximately 500 meters from the beach and offering significant potential. This classic timber beach house is situated on a generous allotment of approximately 715 square meters, providing flexibility for various uses including subdivision (subject to council approval), renovation, investment, or simply enjoying a peaceful coastal lifestyle.

Key features of the property include four spacious bedrooms, one bathroom complemented by two separate toilets, and a renovated kitchen equipped with a gas cooktop. The home boasts polished timber floors throughout, ducted gas heating, and split-system air conditioning to ensure comfort year-round. The master bedroom includes built-in robes, and the property features a shaded north-facing veranda as well as a rear deck of approximately 25 square meters overlooking a beautifully maintained rear yard.

Additional amenities include a double lock-up garage with extra parking space, two bore water systems, three garden sheds, and established garden beds with ample room for further gardening or landscaping projects.

The location is prime, offering easy access to a variety of attractions and conveniences. Residents can enjoy a short walk to the beach, proximity to world-class golf courses such as Moonah Links and The Dunes, and a brief drive to renowned destinations including the Peninsula Hot Springs and Alba thermal spa. The area also features numerous walking tracks, cycling trails, and nature reserves, alongside local cafes, wineries, breweries, and gourmet food venues. Public transport, schools, and shopping villages are also conveniently accessible.

Currently, the property has a solid lease with a tenant in place until December 2025, providing an immediate return on investment. This makes it an excellent opportunity for those looking to build, invest, or retire by the coast. With rental demand at an all-time high, securing a reliable income stream in this high-growth area is a significant advantage.

Note that the photos provided are from a previous sale and some decor changes have been made since.

Features include close proximity to the beach, schools, shops, and transport, making this property a well-rounded choice for a variety of buyers.

Local Market Insights

In Capel Sound, Quiet Listings observed 10 new houses entering the market over the last 30 days, up from 8 during the previous 30-day period, with an average advertised asking price of $767,400. The property type mix of listed properties is predominantly Houses at 77%, followed by land (8%), and townhouses (8%). The most active agency for houses in the Capel Sound area is currently Woodards Real Estate, representing 50% of new listings, followed by Belle Property with 20%. 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.