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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

10 Rainbow Place
Mornington, VIC 3931

$800,000 - $880,000

House 3 beds 2 baths 2 cars
Listed Date: 30th May 2026
Last Updated: 13th Jun 2026
Overview

Near-New, Barely Lived-In Coastal Living - Just Move In

Tucked into a quiet and highly sought-after pocket of the Mornington Peninsula, this near-new home at 10 Rainbow Place offers a rare opportunity to enjoy coastal living in turnkey condition. Positioned just moments from the sparkling waters of Port Phillip Bay and the vibrant Mornington Village, this lightly lived-in residence is immaculately presented and ready for immediate occupancy.

The thoughtfully designed home features three bedrooms and two bathrooms, complemented by a double garage and two outdoor terraces. These terraces provide ideal spaces for year-round entertaining, sun tracking, or enjoying a peaceful morning coffee. The kitchen has been upgraded with premium appliances, offering a high-quality finish that is increasingly rare at this price point in the area.

This property appeals to a broad range of buyers. Downsizers will appreciate the low-maintenance footprint and ground-floor convenience, while young professionals and couples benefit from a polished, ready-to-move-in base within easy reach of Melbourne. Families will find the three bedrooms and dual bathrooms practical, with access to top-tier schools nearby. Second-home and weekend buyers can enjoy a lock-up-and-leave coastal retreat with no renovation concerns. Investors will value the low-maintenance, high-appeal asset in a suburb known for consistent capital growth and strong rental demand.

Mornington is a sun-drenched bayside township approximately 60 kilometres south-east of Melbourne's CBD, offering a unique blend of weekend vibrancy and weekday convenience. Residents enjoy world-class hospitality, unspoilt coastline, and a genuine community atmosphere. The lifestyle here is shaped by the rhythm of the bay, with mornings spent at local cafes or swimming at Mothers Beach, afternoons at celebrated cellar doors, and evenings watching sunsets from the historic Mornington Pier or private terraces.

The home is within walking and driving distance of several beloved beaches, including Mills Beach with its iconic candy-coloured beach boxes, the gentle family-friendly Mothers Beach sheltered by Schnapper Point, and the quieter Fishermans Beach popular with paddleboarders and dog walkers. The Mornington Foreshore and Coastal Walk connects these beaches via a picturesque clifftop trail, a daily luxury for residents.

Main Street Mornington, a short stroll or drive away, is renowned for its premier shopping and dining options. The tree-lined boulevard features destination cafes, wine bars, boutique fashion, fresh produce grocers, day spas, and weekend markets. Popular local spots include the Mornington Farmers' Market, Commonfolk Coffee, and Via Boffe, alongside a variety of long-standing family restaurants. For everyday shopping, Mornington Central and Bentons Square Shopping Centre provide major supermarkets and specialty retailers, ensuring convenience without leaving the township.

Mornington offers a comprehensive schooling ecosystem from prep through Year 12, including primary schools such as Mornington Primary School and Benton Junior College, secondary options like Mornington Secondary College and Padua College, and specialist early years services including the Mornington Special Developmental School and a strong network of childcare and kindergarten providers.

Despite its holiday-town charm, Mornington is genuinely commutable, with Peninsula Link and the Mornington Peninsula Freeway providing direct access to EastLink and Melbourne's wider motorway network.

Features
  • Study
  • Living Area
  • Air Conditioning
  • Alarm System
  • Balcony
  • Built-ins
  • Courtyard
  • Deck
  • Dishwasher
  • Polished Timber Floors
  • Furnished
  • Pet Friendly
  • Vacuum System
  • Rainwater Tank
  • Area Views
  • Beachside of Highway
  • Carpeted
  • Close to Schools
  • Close to Shops
  • Close to Transport

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.

Location
10 Rainbow Place
Mornington VIC 3931
Market Insights for Mornington VIC 3931
New Listings (last 30 days)
8
Average price
$1,459,375
Lowest price
$625,000
Highest price
$2,550,000
Other properties in this postcode

* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.