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Location

Market Insights for Phegans Bay NSW 2256

New Listings (last 30 days)

Average price

$1,381,304

Lowest price

$850,000

Highest price

$6,000,000

12 Olive Avenue, Phegans Bay NSW 2256

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Search Band

$1.3M - $1.4M Medium Confidence Calculated based on our search observations.

House 5 beds 2 baths 4 cars 714 m²

Listed: 30th Jul 2026

Updated: 22 days ago

Overview

This spacious family home sits elevated to embrace breathtaking panoramic views of bushland and shimmering bay waters, offering an idyllic sanctuary that blends privacy with natural beauty. The versatile floorplan caters to family needs and entertaining, ensuring comfort and functionality throughout.

The upper level is thoughtfully designed to maximize the awe-inspiring outlook and includes an open-plan kitchen, dining, and living area that flow seamlessly onto two large covered timber decks. These expansive outdoor spaces create ideal zones for relaxing or hosting guests while taking in the stunning scenery.

Accommodation comprises five generous bedrooms spread across two levels, providing ample room for a large or extended family. The upper level features three sizeable bedrooms connected by a modern bathroom with a bathtub and a separate toilet, facilitating convenient single-level living. Downstairs, two additional bedrooms accompany a second bathroom combined with laundry facilities, offering great flexibility for guests, workspaces, or multi-generational arrangements.

The elevated backyard extends the living experience with an expansive outdoor area complete with a barbeque setup and sweeping views, perfect for alfresco gatherings and summertime enjoyment. Additional practical features include a modern kitchen equipped with an island bench and plentiful storage, a single lock-up garage supplemented by off-street parking for multiple cars, built-in wardrobes in bedrooms, abundant internal storage solutions, and air conditioning for year-round comfort.

Set in a coveted and sought-after location, this home presents a rare opportunity to secure a substantial family residence that offers generous proportions, superb outdoor living, and captivating vistas of the surrounding natural landscape. Its peaceful setting combined with versatile living spaces appeals strongly to families and those desiring a tranquil lifestyle enhanced by spectacular views.

Local Market Insights

In Phegans Bay, Quiet Listings observed 23 new houses entering the market over the last 30 days, unchanged from 23 in the prior period, with an average advertised asking price of $1,381,304. The property type mix of listed properties is predominantly Houses at 81%, followed by villas (10%), and land (6%). The most active agency for houses in the Phegans Bay area is currently Wilson's Estate Agency, representing 22% of new listings, followed by McGrath Estate Agents with 22%. 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.