A Rare Rye Opportunity with Space, Flexibility & Peninsula Lifestyle

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7 Stewart Street, Rye VIC 3941

UNDER CONTRACT

Search Band Search Visibility Band

$700k - $750k Medium Confidence Calculated based on our search observations.

House 3 Beds 1 Bath 837 m²

Listed: 53 days ago

Updated: 20 days ago

Overview

This expansive beach house at 7 Stewart Street, nestled in one of Rye’s most desirable and peaceful streets, offers a unique proposition for buyers seeking a slice of the celebrated Mornington Peninsula lifestyle. Set on a generous 837 square metre land parcel, the residence combines both comfortable contemporary living and promising future potential.

The home's design cleverly accommodates multiple living needs by featuring three well-sized bedrooms and a central bathroom on the main level. The standout feature is the flexible lower level that adds a versatile fourth bedroom or rumpus room complete with a kitchenette, ideal for extended family, teenage retreat, guest accommodation, or a dedicated home office space.

The substantial land area affordably expands lifestyle options, presenting ample space for outdoor activities or possible extensions and renovations subject to council approval.

Location further amplifies the appeal of this property; residents enjoy close proximity to the beach, numerous cafes, restaurants, and shopping options, providing both a tranquil retreat and everyday convenience. This combination makes the property suitable for first-home buyers aiming to enter the peninsula market, investors attracted by versatility and potential, or anyone desiring a private getaway within reach of coastal attractions.

Spacious 837 sqm allotment offering significant outdoor space and development scope
Three comfortable bedrooms with a central bathroom on the main level
Additional flexible fourth bedroom/rumpus room with kitchenette downstairs
Ideal for diverse needs including families, office use, or guest accommodation
Located in a quiet and sought-after pocket of Rye near key lifestyle amenities
Potential for renovation and extension (subject to approval) enhancing investment value

Overall, this property presents an excellent opportunity to secure a solidly built home within a premier lifestyle destination, combining space, functionality, and location.

Local Market Insights

In Rye, Quiet Listings observed 43 new houses entering the market over the last 30 days, up from 35 during the previous 30-day period, with an average advertised asking price of $1,208,416. The property type mix of listed properties is predominantly Houses at 91%, followed by land (9%). The most active agency for houses in the Rye area is currently Your Property Agent, representing 33% of new listings, followed by Crowders Real Estate with 28%. 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.