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74 Lake Avenue, Ocean Grove VIC 3226

$800,000 - $865,000

Search Band Search Visibility Band

$800k - $1.2M High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 2 Cars 618 m²

Listed: 48 days ago

Updated: 14 hours ago

Overview

This well-maintained coastal residence is a peaceful haven tucked behind lush native gardens in the heart of Ocean Grove’s sought-after Blue Lake precinct. Offering an inviting single-level layout on a generous 618 square meter block, the property combines classic character with modern comfort and excellent scope for future expansion or enhancements (STCA), including the potential to build upwards and enjoy sweeping lake and coastal views.

The interior exudes warmth with polished timber floorboards and a soft, beach-inspired color scheme bringing natural light and a calming ambiance throughout. The open-plan communal areas foster relaxed living and social connection, with a cozy gas log fire providing a welcoming focal point, and large glass sliding doors connecting indoor living to the outdoors seamlessly.

The true standout is the expansive covered entertaining deck, designed for year-round use with café blinds and multiple lounge and dining zones. Adjacent lies a luxurious heated Jacuzzi spa, bordered by glass balustrades for comfort and privacy, all surrounded by lush lawns and well-established perimeter plantings. This outdoor sanctuary beckons memorable gatherings and comfortable relaxation whatever the season.

The thoughtfully updated galley-style kitchen features stone benchtops, quality stainless steel appliances including a gas cooktop, built-in pantry, and dishwasher, all with views to the garden and entertaining area.
Three generously sized bedrooms are carpeted with pendant lighting; the main bedroom includes a built-in robe, offering ample storage and leafy outlooks.
A central bathroom with a separate toilet ensures practical convenience, complemented by a separate laundry with external access.
Additional comforts include reverse cycle air conditioning, ceiling fans, roller blinds, side gate access, and a substantial double garage with excellent storage options, measuring approximately 5.6 by 6.2 meters.

Conveniently located near natural attractions such as Blue Waters Lake, Ocean Grove Nature Reserve, and the Barwon River, as well as local amenities including Ocean Grove Beach, nearby cafes, primary school, and shopping centers, this property caters to a diverse range of buyers. It is ideal for downsizers seeking tranquility, coastal couples, investors, holidaymakers, or families looking for a well-connected lifestyle with room to grow and personalize.

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.