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Location

Market Insights for Brighton VIC 3186

New Listings (last 30 days)

Average price

$2,735,000

Lowest price

$900,000

Highest price

$7,000,000

21 Bay Street, Brighton VIC 3186

Private Inspections By Appointment

Search Band

$7M - $8M Medium Confidence Calculated based on our search observations.

Land 1226 m²

Listed: 26 days ago

Updated: 5 hours ago

Overview

Situated within Melbourne’s most prestigious beachside precinct, this expansive Art Deco block on the Golden Mile offers an exceptional blank canvas in a highly sought-after location. Boasting a notable 26.3-metre frontage and a total land area of approximately 1226 square metres, this property presents unmatched scope for development, uniquely featuring a southern entrance and a north-facing rear garden.

The existing collection of four inter-war units currently occupies the site, yet the potential to create multiple luxury residences or an expansive family home is evident. The opportunity to build upwards adds flexibility, offering potential water views from upper levels and ample space for luxury amenities such as a pool or tennis court, underscoring the site's rare and highly coveted nature.

Located just moments from the vibrant foreshore, local yacht clubs, and leading private schools including Brighton Grammar and Firbank, this property combines residential potential with access to lifestyle and educational advantages. Close proximity to transport and premier shopping and entertainment precincts further enhances appeal. The land’s scale and location will attract developers, families seeking bespoke home designs, and investors aiming to capitalize on one of Melbourne’s most prestigious neighbourhoods.

Local Market Insights

In Melbourne - Inner South, Quiet Listings observed 10 new parcels of land entering the market over the last 30 days, up from 5 during the previous 30-day period, with an average advertised asking price of $2,735,000. The property type mix of listed properties is predominantly Houses at 44%, followed by apartments (19%), and townhouses (18%). The most active agency for land in the Melbourne - Inner South area is currently OBrien Real Estate, representing 30% of new listings, followed by Buxton Real Estate Group with 20%. 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.