Prime 611m² Corner Opportunity in the Heart of Bonbeach

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40 Troy Street, Bonbeach VIC 3196

$950,000 - $1,035,000

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$950k - $998k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 3 Cars 611 m²

Listed: 6th Aug 2026

Overview

Situated on an expansive 611 square meter corner allotment, this property represents a rare opportunity in the heart of Bonbeach. The sizeable landholding offers substantial flexibility for development or rebuilding, perfectly suited for builders, developers, and investors looking to capitalize on this prime bayside location (subject to council approval).

Enjoying a prestigious corner position, the site provides excellent potential to create a luxury family home tailored to modern lifestyle needs or explore redevelopment prospects in a highly sought-after coastal community. The generous land area allows for creative design possibilities while ensuring ample space for parking and outdoor living.

Located just moments from Bonbeach Beach, local cafés, schools, shops, and public transport, residents benefit from the convenience of urban amenities combined with the tranquility of a relaxed coastal environment. The surrounding parklands and recreational facilities further enhance the property's appeal to families and professionals alike seeking a balanced lifestyle.

This address signifies a blue-chip investment in a tightly held suburb renowned for its natural beauty and community atmosphere. Opportunities to secure such a substantial corner block in Bonbeach are infrequent, making this an exceptional chance to realise a personal vision or unlock the site's development potential.

Generous 611m² corner block offering space and development options
Excellent potential for a bespoke luxury residence or redevelopment (STCA)
Premium location close to beach, transport, schools, and shops
Ideal for builders, developers, investors, and families seeking flexibility
Part of a desirable bayside community with strong lifestyle appeal

Whether you are intending to build your dream home or explore the strategic value of this site, this property presents a compelling prospect to create something exceptional in one of Melbourne's most desirable coastal enclaves.

Local Market Insights

In Bonbeach, Quiet Listings observed 13 new houses entering the market over the last 30 days, down from 25 during the previous 30-day period, with an average advertised asking price of $1,323,846. The property type mix of listed properties is predominantly Units at 30%, followed by townhouses (25%), and houses (23%). The most active agency for houses in the Bonbeach area is currently Buxton Real Estate Group, representing 46% of new listings, followed by Jellis Craig with 23%. 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.