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Location

Market Insights for Elwood VIC 3184

New Listings (last 30 days)

Average price

$975,375

Lowest price

$430,000

Highest price

$3,400,000

3/27 Spray Street, Elwood VIC 3184

$620,000 - $660,000

Search Band Search Visibility Band

$600k - $650k High Confidence Calculated based on strong search observations.

Apartment 2 Beds 1 Bath 2 Cars 70 m² 70 m²

Listed: 30th Jul 2026

Overview

This elevated apartment offers a unique combination of abundant natural light and privacy within a boutique building of just six residences, creating a serene setting above the treetops. The rare inclusion of two remote-controlled lock-up garages provides exceptional convenience and security, a valuable asset in this coveted beachside precinct.

The design balances an expansive open-plan living and dining domain framed by beautiful leaf-filled outlooks that invite a sense of tranquility and quietude. A well-appointed kitchen with quality appliances, generous storage, and ample bench space supports both everyday living and entertaining.

Featuring two oversized bedrooms, including built-in robes, this apartment suits those seeking a practical yet stylish home environment with a timeless appeal. An updated central bathroom complements the layout, ensuring functionality for residents and guests alike.

The elevated position and well-maintained communal setting offer privacy and peace rarely found in the area, with the added benefit of being close to Elwood Beach, village cafes, parks, and public transport. This property will attract downsizers, professionals, or small families looking for a light-filled, low-maintenance lifestyle in one of Melbourne's most desirable bayside suburbs.

Local Market Insights

In Elwood, Quiet Listings observed 20 new apartments entering the market over the last 30 days, up from 16 during the previous 30-day period, with an average advertised asking price of $975,375. The property type mix of listed properties is predominantly Apartments at 54%, followed by houses (30%), and townhouses (8%). The most active agency for apartments in the Elwood area is currently Jellis Craig, representing 50% of new listings, followed by McGrath Estate Agents 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.