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89 Bayview Road, Mccrae VIC 3938

$890,000 - $960,000

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$890k - $935k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1056 m² 134 m²

Listed: 2nd Aug 2026

Overview

This property offers an exceptional opportunity to secure a home ideally situated on McCrae's coveted Golden Mile, renowned for its breathtaking, uninterrupted 180-degree views of Port Phillip Bay and the surrounding township. Positioned on an elevated 1,056 square meter block at the foothills of Arthur's Seat, the site presents a prime canvas for renovation or redevelopment, allowing ambitious homeowners or investors to create a bespoke residence designed to maximize the stunning bay vistas, subject to council approval.

The existing structure is an original beach house featuring an open-plan living area that naturally facilitates family gatherings and social entertaining. Although in need of renovation, its potential is underscored by well-thought-out spatial arrangements including three bedrooms—with one being a distinctive walk-through design—a central bathroom complemented by a separate toilet, and an original kitchen. Conducive to year-round comfort, the home is equipped with split system heating and cooling.

Outdoor living is enhanced by a front deck that provides a magnificent vantage point over the bay, perfectly complementing the property's proximity to a pedestrian underpass that offers seamless access to the beach and a vibrant café precinct. The address's enviable location not only accords a superb lifestyle option but also positions the site amid other quality homes, supporting its investment appeal.

Noteworthy is the vendor's commitment to resolving boundary encroachments, with plans to remove the existing freestanding garage that intrudes on neighboring property lines and erect a new fence in its place at the vendor's expense prior to settlement. This thoughtful preparation underscores a smooth transaction process for prospective buyers.

Currently tenanted on a flexible month-to-month lease at $19,760 annually, the property provides immediate income potential while awaiting future plans. Its location benefits from excellent connectivity, being less than an hour from Melbourne and close to renowned wineries, golf courses, and pristine beaches accessible via the toll-free Peninsula Link.

In sum, this property represents a rare blend of lifestyle, scenery, and potential, ideal for buyers seeking to invest in a versatile site within one of Mornington Peninsula's most desirable enclaves.

Local Market Insights

In Mccrae, Quiet Listings observed 6 new houses entering the market over the last 30 days, down from 10 during the previous 30-day period, with an average advertised asking price of $1,474,167. The property type mix of listed properties is predominantly Houses at 67%, followed by units (22%), and townhouses (11%). The most active agency for houses in the Mccrae area is currently GRANGER Estate Agents, representing 67% of new listings, followed by Warlimont & Nutt Real Estate with 17%. 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.