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2-4 Lumeah Road, Somerville VIC 3912

For Sale

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$9M - $10M Medium Confidence Calculated based on our search observations.

Land 30 acres

Listed: 28th Jul 2026

Updated: 8 hours ago

Overview

This prime waterfront development site at 2-4 Lumeah Road in Somerville presents a rare opportunity in a prestigious and sought-after location. Spanning approximately 30 acres (about 121,405.72 square meters), the land boasts development approval for a large-scale, mixed-use project that harmoniously blends luxury living with commercial amenities.

The approved plan outlines a vision for 180 waterfront apartments, complemented by 180 private marina berths, a vibrant commercial hub, and a selection of exclusive waterfront townhouses. The waterfront location not only offers stunning vistas but also direct marina access, enhancing the appeal for future residents and businesses alike. This makes it a unique proposition for developers looking to create a lifestyle destination that balances convenience, prestige, and leisure.

Situated within a thriving community known for strong market demand, the site benefits from proximity to elite residential homes, shopping precincts, dining options, and essential services. This ensures that any development here will be well-supported by the local infrastructure and lifestyle offerings, boosting its long-term value and attraction.

For investors and developers, the site stands out as a shovel-ready opportunity with the considerable advantage of secured high-value permits, enabling a fast track to market with minimized delays. The scale and calibre of this project are exceptional, promising significant returns for those ready to bring this visionary development to life.

This property is ideally suited for visionary developers and investors who seek a landmark waterfront project in a prestigious suburb, with the assurance of development approval and extensive planning that complements the natural and built environment.

Local Market Insights

In Somerville, Quiet Listings observed 4 new parcels of land entering the market over the last 30 days, with an average advertised asking price of $912,500. The property type mix of listed properties is predominantly Houses at 72%, followed by units (14%), and land (14%). The only agency with for land listings currently monitored in the Somerville area is Harcourts. 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.