1 Wallace Street, Mollymook, NSW 2539

Price on request

House
Type
3
Bedrooms
2
Bathrooms
2
Parkings
835 m²
Area

Published on Friday, July 24, 2026 ( See property details for 1 Wallace Street, Mollymook, NSW 2539)

Price on request

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare coastal opportunity in Mollymook Beach offering ocean views, substantial land, and exciting development potential in a highly sought-after location.

🏡 Property Highlights

  • Prime 835sqm corner allotment in Mollymook Beach’s prestigious enclave
  • Beautiful ocean views from the north-east facing deck
  • Solidly built circa 1971 home with exceptional bones and original timber floorboards
  • Outstanding development potential for luxury duplex or multi-residence (STCA)
  • Short stroll to Mollymook Beach, cafés, golf courses, and local amenities
  • Versatile property suitable for renovation, redevelopment, or luxury residence

✨ Key Features

  • Waterfront / Views
  • Outdoor Area
  • Open-Plan Living
  • Home Office / Study
  • Garage
  • Outdoor Area / Balcony
  • Built in robes
  • Ceiling Fans
  • Security Screens / Gates
  • Double lock-up garage
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1 Wallace Street
Mollymook, NSW 2539
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Vertical aerial view — 1 Wallace Street
1 Wallace Street — Vertical Aerial  •  Mollymook, NSW 2539  •  Nearmap © 2026

Mollymook Beach is a highly sought-after coastal suburb renowned for its pristine beaches, world-class golf courses, and vibrant dining scene. The area offers a relaxed lifestyle with easy access to Ulladulla CBD, boutique shopping in Milton, and stunning ocean vistas. Its prestigious reputation makes it ideal for luxury living, investment, and development opportunities, all within a short walk to the beach and local amenities.

What are the potential uses for this property?
The property can be renovated into a luxurious coastal residence, or developed into a duplex or multi-residence complex, subject to council approval.
What is the condition of the existing home?
The home is a solidly built circa 1971 residence with original timber floorboards and generous proportions, offering a renovator’s delight with significant scope to add value.
How close is the property to local amenities?
The property is approximately 400 metres from Mollymook Beach, with easy walking access to cafés, restaurants, golf courses, and the surf club. Ulladulla CBD is five minutes away, and Milton is just seven minutes by car.
Are there any restrictions or approvals needed for development?
Any development, such as a duplex or multi-residence, would require council approval and compliance with local planning regulations.
What views does the property offer?
The property captures beautiful ocean views from the north-east facing deck, ideal for enjoying morning sunshine and sea breezes.
Are there any existing easements, covenants, or zoning restrictions affecting the property’s development potential? Has the property been tested for flood or bushfire risks? Are there any known issues with the foundation, timber floorboards, or structure that may require repairs? What are the council requirements and approvals needed for building or redevelopment? Are there any upcoming planning or development proposals in the area that could impact the property’s value or character?

1 Wallace Street, Mollymook, NSW 2539 - More Details

Price on request

Location is everything-and it simply doesn't get much better than this.
Positioned in one of Mollymook Beach's most tightly held and prestigious coastal enclaves, this solidly built residence occupies a magnificent 835sqm corner allotment just a short stroll from the golden sands of Mollymook Beach.

Whether you're dreaming of creating a spectacular luxury residence, undertaking an extensive renovation, or exploring the site's exciting development potential, this is a rare opportunity to secure one of the area's premier landholdings.

Built circa 1971 and offered for the first time in many years, the home is a true renovator's delight with exceptional bones, generous proportions and unlimited scope to transform it into a palatial coastal retreat that complements its blue-chip address.

The existing residence comprises three generous bedrooms, two bathrooms, separate lounge and dining rooms, a spacious rumpus room, dedicated office, double lock-up garage and a covered outdoor entertaining area. The home captures beautiful ocean views from the north-east facing deck, where you can enjoy the morning sunshine and cooling sea breezes. Hidden beneath the floor coverings lie beautiful original timber floorboards that offer the opportunity to be lovingly restored, adding warmth, character and timeless coastal charm to this exceptional home.

Alternatively, capitalise on the outstanding corner position and generous land size to create something truly extraordinary. Subject to Council approval, the property may lend itself to a luxury duplex or boutique multi-residence development, making it an exceptional opportunity for developers, investors and visionary buyers alike.

The lifestyle on offer is second to none.
Imagine beginning each morning with a stroll along Mollymook Beach, enjoying breakfast at one of the many beachfront cafés before teeing off at the renowned Mollymook Golf Club or the iconic Beachside Golf Course. Spend your evenings dining at the area's outstanding restaurants, all just moments from your front door.

Everything you could possibly need is within easy reach. Mollymook Beach, cafés, restaurants, golf courses and the surf club are all an easy walk away, while Ulladulla CBD is only five minutes from home, offering shopping centres, supermarkets, schools, medical facilities and everyday conveniences. The charming township of Milton, renowned for its boutique shopping, award-winning cafés, restaurants, galleries and wineries, is only seven minutes away.

Opportunities to secure an 835sqm corner allotment in such an exceptional beachside location are becoming increasingly rare. Whether your vision is a breathtaking luxury residence, a premium coastal renovation or an exciting development project, this is an opportunity to create something truly special in one of Mollymook Beach's most desirable addresses.

Property Features-
- Prestigious blue-chip Mollymook Beach location
- Generous 835sqm corner allotment
- Beautiful ocean views
- Renovator's delight with enormous scope to add significant value
- Outstanding opportunity to create a luxurious family residence or palatial coastal retreat
- Potential for a luxury duplex or boutique multi-unit development (STCA)
- Solidly constructed home built circa 1971
- Three generous bedrooms
- Two bathrooms
- Separate lounge room
- Separate dining room
- Spacious rumpus room or home office
- Double lock-up garage
- Covered outdoor entertaining and BBQ area
- Approximately 400 metres to Mollymook Beach

Easy stroll to Mollymook Golf Club, the iconic Beachside Golf Course, cafés, restaurants and the surf club
Five minutes to Ulladulla CBD, shopping, schools and medical facilities
Seven minutes to the vibrant Milton village with boutique shopping, award-winning cafés, restaurants, galleries and wineries
A truly rare opportunity where an exceptional location, ocean views, generous land size and extraordinary future potential combine to create one of Mollymook Beach's most exciting offerings. Bring your vision and reap the rewards.

Call Kate Wise today on 0404 413 866 or Lyn Chambers 0418 661 980 today to arrange your private inspection.
Type
House
Bedrooms
3
Bathrooms
2
Parkings
2
Area
835 m²
House Size
249 m²

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