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Location

Market Insights for Mentone VIC 3194

New Listings (last 30 days)

Average price

$2,735,000

Lowest price

$900,000

Highest price

$7,000,000

4 Eblana Avenue, Mentone VIC 3194

$3,000,000 - $3,300,000

Search Band

$3M - $3.25M High Confidence Calculated based on strong search observations.

Land 1 bed 1 bath 1 car 1547 m²

Listed: 27 days ago

Overview

This rare development site in the sought-after bayside suburb of Mentone offers an exceptional opportunity for visionary buyers or developers. The substantial land holding of approximately 1,547 square metres, featuring a broad 31-metre frontage, provides an ideal canvas for a variety of residential projects with approved plans and permits already in place.

Notably, the property comes with approved plans for six architecturally designed luxury townhouses, each tailored to contemporary family living. The designs include substantial ground floor living and dining spaces, private outdoor areas, double lock-up garages, and the accommodating option of lifts, projecting a sophisticated boutique development highly appealing to families seeking modern, convenient lifestyles in a premium location.

Strategically positioned between Mentone's vibrant village precinct and tranquil bay, the site ensures future residents can enjoy the best of bayside living with easy access to cafes, shops, schools, beaches, parks, and public transport. This alignment of quality design, permitting ease, and enviable location not only promises lifestyle appeal but also potential for strong future value growth.

The property could also attract interest from those considering alternative developments, such as a childcare centre, subject to council approval, expanding its versatility beyond residential use.

This offering suits those looking for a premium development project in a beachside setting where convenience, connectivity, and local lifestyle merge. Its size, approved status, and location mark it as a unique chance to deliver a landmark boutique collection of homes in Mentone.

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 4 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 (17%). 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.