24 Mallaluka Avenue
Ocean Grove, VIC 3226

A sensational opportunity awaits in the prestigious Ocean Grove area with this elevated property offering iconic views across the ocean, bluff, and river estuary. The site spans two titles, combining for approximately 1,291 square meters, and includes an original residence that presents a rare opportunity for ambitious architectural projects.

Held by a single family for over six decades, this property offers flexible purchasing options, allowing buyers to acquire the adjoining lots either together or separately. The potential is vast, whether you choose to maintain the existing home, enhance it with a modern refurbishment, or undertake a complete redevelopment to craft your ideal seaside retreat, subject to council approval.

The existing double-storey brick home has been well maintained throughout its life and harmoniously integrates with the natural surroundings. It exudes a calming coastal ambiance, highlighted by pitched ceilings, a gas log fireplace, and abundant natural light that accentuates its timeless appeal.

Large windows frame breathtaking panoramic views of the ever-changing coastal landscape and dramatic skies, visible from the generously sized living and sleeping areas. The home features two spacious living zones separated by a wraparound kitchen equipped with a five-burner cooktop, Neff wall oven, and Asko dishwasher. An alfresco deck extends the living space outdoors, providing an excellent setting for family barbecues and enjoying the coastal atmosphere.

Accommodation includes three bedrooms on the upper floor, with the main bedroom privately positioned and conveniently close to a skylit bathroom. The lower level offers ideal guest quarters with a fourth bedroom and a second bathroom. Additional features include ducted heating, split system air conditioning, a double garage, and extensive under-house storage space.

Whether you are looking to update the current home or start anew, this property offers inspiration at every turn. It is situated among some of the Bellarine Peninsula’s most exclusive residences, while also providing easy access to the beach, river, and local shopping and dining precincts.