Generous Land, Village Convenience & Coastal Potential

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7 McDonald Road, Rye VIC 3941

$645,000 - $695,000

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$645k - $677k Transparent Transparent Listing Based on an openly advertised listing price.

House 2 Beds 1 Bath 3 Cars 766 m²

Listed: 15 days ago

Updated: 8 hours ago

Overview

Set within a prime location in the coastal village of Rye, this property offers a rare combination of generous land size and village convenience, ideal for those seeking a relaxed lifestyle on the Mornington Peninsula. Located just a short stroll from the Rye Village and Port Phillip Bay, residents benefit from easy access to cafes, shops, and beachside recreation without the need for a car.

The home itself provides a solid foundation for a variety of buyers, from first-home buyers to those looking for a holiday retreat. Its original condition presents a blank canvas with two bedrooms, a central bathroom, and timber finishes throughout, inviting personal style and improvement over time.

The standout feature is undoubtedly the expansive, flat 766 square meter rectangular allotment which facilitates a range of outdoor activities and future development potential subject to planning approval. A large backyard ensures ample space for children and pets to play, as well as for entertaining under the sun.

Functional parking is well catered for with a single carport and a substantial double lock-up garage that offers extra storage or workshop space essential for the Peninsula lifestyle.

This property will suit those seeking affordable entry to a highly sought-after coastal village or those with a vision to rebuild or extend in a prime location. Its balance of lifestyle, location, and land size makes it an opportunity with enduring appeal.

Generous 766 sqm level rectangular land holding
Two-bedroom home with original character and timber finishes
Central bathroom with practical layout
Spacious backyard ideal for families and entertaining
Single carport plus large double garage for vehicles and storage
Walkable to Rye Village’s amenities and bay foreshore
Potential for future rebuild or enhancement (STCA)

Local Market Insights

In Rye, Quiet Listings observed 44 new houses entering the market over the last 30 days, up from 36 during the previous 30-day period, with an average advertised asking price of $1,193,152. The property type mix of listed properties is predominantly Houses at 92%, followed by land (8%). 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 27%. 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.