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35 Blue Waters Drive, Ocean Grove VIC 3226

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$600k - $800k Medium Confidence Calculated based on our search observations.

House 3 Beds 1 Bath 2 Cars 605 m²

Listed: 2 days ago

Updated: 16 hours ago

Overview

Elevated to capture uninterrupted views over Blue Waters Lake and inviting parklands, this tastefully renovated coastal cottage blends immediate comfort with long-term potential. Set on a generous 605sqm allotment, the home is designed to maximise the picturesque outlook and natural light, featuring raked ceilings and expansive windows that frame the ever-changing landscape.

The open plan living and dining area serves as a bright heart to the home, complete with timber flooring and split-system heating and cooling, seamlessly connecting through sliding doors to the elevated deck and private balcony—the perfect spaces for relaxed entertaining while enjoying sunsets over the water.

The refurbished kitchen is crafted to both function and highlight the lake views, outfitted with quality appliances, a sleek stainless steel splashback, and an abundance of cabinetry offering practical storage solutions.

Accommodation includes three well-sized bedrooms, two with built-in robes, and a flexible layout accommodating diverse needs such as a home office or guest room. The centrally located, updated bathroom offers modern fittings including a shower-over-bath, vanity, and added comfort from a wall heater.

Outdoors, established cottage-style and native gardens provide multiple zones for relaxation and social gatherings, supported by a twin carport and garden shed for practical storage.

Key upgrades such as a new roof, internal roller blinds, and quality renovations throughout add to the home's appeal. For investors or developers, council-approved plans for a two-lot townhouse subdivision enhance the property's future value and versatility without undermining its current lifestyle merits.

Close to local schools, shopping precincts, sporting facilities, and pristine surf beaches, this property represents an excellent opportunity for first-home buyers, holiday-makers, investors, or developers seeking a scenic coastal residence with enduring appeal.

Local Market Insights

In Ocean Grove, Quiet Listings observed 42 new houses entering the market over the last 30 days, up from 31 during the previous 30-day period, with an average advertised asking price of $1,041,310. The property type mix of listed properties is predominantly Houses at 91%, followed by townhouses (7%), and land (2%). The most active agency for houses in the Ocean Grove area is currently Fletcher's Real Estate Wollongong, representing 29% of new listings, followed by Oslo Property with 24%. 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.