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74 Lake Avenue, Ocean Grove VIC 3226

$800,000 - $865,000

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$800k - $840k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 618 m²

Listed: 10th Aug 2026

Updated: 15 hours ago

Overview

Situated privately in Ocean Grove’s Blue Lake precinct, this single-level coastal residence combines character with a lifestyle-oriented layout that allows for year-round comfort and entertaining. The home sits on a generous 618 sqm block, providing ample outdoor space and the potential for future extension or an upper-level addition to capture expansive lake and coastal views.

The interior features polished timber floorboards and a bright, beach-inspired colour palette that creates a calm, inviting atmosphere. An open-plan area seamlessly integrates living, dining, and kitchen spaces, equipped with a cosy gas log fireplace and reverse cycle air conditioning to enhance comfort throughout the seasons.

The kitchen is functional and updated, boasting stone benchtops and quality stainless steel appliances including a gas cooktop, built-in pantry, and dishwasher. It overlooks the garden and covered alfresco deck which is well designed for entertaining, with café blinds, a freestanding fireplace, lounge, and dining zones.

The expansive outdoor areas include a second open deck equipped with a heated Jacuzzi spa, alongside lush lawns and established planting, all securely fenced for privacy and ease of use.

Three well-sized bedrooms with carpet, pendant lighting, and leafy outlooks, including one with built-in robes
Central bathroom with shower and vanity, plus a separate toilet
Separate laundry with external access for convenience
Large double garage with extensive storage space
Additional comforts such as ceiling fans, split system heating/cooling, and side gate access

This property appeals to downsizers, coastal couples, investors, holidaymakers, or families seeking a relaxed coastal lifestyle with room to grow, close to key local amenities including Blue Waters Lake, Ocean Grove nature reserves, beaches, schools, retail, and recreational trails.

Local Market Insights

In Ocean Grove, Quiet Listings observed 37 new houses entering the market over the last 30 days, up from 27 during the previous 30-day period, with an average advertised asking price of $1,117,973. The property type mix of listed properties is predominantly Houses at 64%, followed by land (31%), and units (2%). The most active agency for houses in the Ocean Grove area is currently Fletcher's Real Estate Wollongong, representing 35% of new listings, followed by RT Edgar with 30%. 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.