Coastal Character, Quality Craftsmanship & Endless Possibility

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18 Leawarra Street, Rye VIC 3941

$750,000 - $795,000

Search Band Search Visibility Band

$750k - $800k High Confidence Calculated based on strong search observations.

House 2 Beds 1 Bath 762 m²

Listed: 19 days ago

Updated: 2 days ago

Overview

Located in one of Rye's coveted coastal enclaves, this residence on 18 Leawarra Street stands out for its architectural character, solid construction, and substantial landholding of approximately 762 square metres. The home's exterior immediately captivates with its impressive, tall Portsea limestone piers and textural Western Australian sandstone blockwork, combining to create a timeless face that blends quality with natural elements.

Inside, attention to detail is evident through the use of double-glazed external windows and doors that enhance insulation and comfort. The inclusion of double-glazed frosted glass internal doors adds a refined architectural touch, while modern shutters provide privacy without compromising style or light.

The property embraces its coastal location with glimpses across the bay and a remarkable 360-degree wraparound deck made from Merbau timber. This expansive outdoor area is exceptional for hosting gatherings, relaxing, or simply soaking in the peninsula atmosphere, supported visually by glass balustrades that preserve openness and views. The fully fenced grounds ensure privacy and security, complemented by an exposed aggregate driveway that enhances the home's natural stone facade.

Beyond its current appeal, this site holds significant potential with generous land size allowing for possible future additions or extensions, subject to council approval. This opens exciting possibilities for buyers seeking to create a personalized dream home or valuable investment in a desirable location.

Situated within easy reach of Rye's renowned beaches, lively village scene, cafes, and restaurants, this property promises a harmonious coastal lifestyle. It will attract buyers who value a distinctive residence with solid craftsmanship and scope to grow, whether as a unique Peninsula retreat or a foundation for future development.

Substantial 762m² land parcel offering scope for expansion
Unique architectural elements using high-quality stone and timber
Double-glazed fittings throughout enhance comfort and efficiency
Expansive wraparound Merbau deck offers versatile outdoor living
Private, secure fully fenced grounds with quality landscaping details
Access to the desirable Mornington Peninsula lifestyle and amenities

Local Market Insights

In Rye, Quiet Listings observed 41 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 $1,219,673. The property type mix of listed properties is predominantly Houses at 89%, followed by land (11%). The most active agency for houses in the Rye area is currently Your Property Agent, representing 32% of new listings, followed by Crowders Real Estate with 29%. 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.