149 The Terrace, Ocean Grove, Vic 3226-Image

For Sale

149 The Terrace, Ocean Grove, Vic 3226

$1,700,000 - $1,850,000

House

Type

Bedrooms

Bathrooms

Parkings

815 m²

Area

Published on Friday, June 19, 2026 ( See property details for 149 The Terrace, Ocean Grove, Vic 3226)

$1,700,000 - $1,850,000

View the agent price guide.

Aaron Jones - Real Estate Agent - RT Edgar Bellarine - Ocean Grove

Aaron Jones Director, Licensed Estate Agent

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Cait Merriman - Real Estate Agent - RT Edgar Bellarine - Ocean Grove

Cait Merriman Sales Consultant | Marketing

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AI Property Insight

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

A rare coastal landholding in Ocean Grove offering breathtaking views, development potential, and a charming existing beach house, perfect for lifestyle or future projects.

🏡 Property Highlights

Elevated position with extraordinary views across Port Phillip Heads and wetlands
Generous 814sqm landholding in a tightly held coastal enclave
Potential for subdivision or multi-dwelling development (STCA)
Existing cherished 1952 beach house offering renovation scope
Prime location within walking distance to water, shops, and amenities
Supported by Residential Growth Zone planning provisions

✨ Key Features

Open-Plan Living
Waterfront / Views
Built-in Robes
Outdoor Area
Secure Parking
Home Office / Study
Ceiling Fans
Extra Storage (Shed/Linen)
Pet-Friendly
Internal Laundry

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149 The Terrace

Ocean Grove, VIC 3226

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Suburb and Property Insights of Ocean Grove, VIC 3226

Ocean Grove is a highly sought-after coastal suburb renowned for its stunning beaches, vibrant community, and relaxed lifestyle. Key points include: 1) Beautiful waterfront access, 2) Close-knit community atmosphere, 3) Proximity to quality schools and amenities, 4) Growing development and infrastructure, 5) Scenic natural surroundings perfect for outdoor activities.

Frequently Asked Questions

What are the possibilities for future development on this site?

The property is supported by Residential Growth Zone planning provisions, with potential for subdivision or multi-dwelling construction, subject to council approval and building height allowances up to 10.5 metres.

Can the existing beach house be renovated or extended?

Yes, the existing 1952 beach house offers scope for renovation, reimagining, or extension, allowing buyers to personalise or upgrade the current dwelling.

What are the key planning restrictions or requirements for this land?

The land is zoned under Residential Growth Zone provisions, with potential building heights up to 10.5 metres, subject to council approval. Buyers should verify all planning and zoning details with local authorities.

Is the property suitable for a permanent sea-change or holiday home?

Absolutely, the property’s prime location, views, and proximity to water and amenities make it ideal for a permanent sea-change or a luxurious weekender.

What amenities and services are nearby?

Within walking distance are the water’s edge, The Terrace shopping and dining precinct, schools, cafes, and everyday amenities, providing a convenient coastal lifestyle.

What to ask about this property to agent?

Are there any hidden costs or upcoming council charges associated with subdivision or development plans? Has the property been affected by any flooding, bushfire risks, or environmental hazards? Are there any restrictions or easements on the land that could impact future development? What are the zoning restrictions and height limits for building on this site? Is there any ongoing or planned nearby construction that could affect the property’s outlook or value? Are there any strata or community title considerations if subdivided or developed? What are the current planning approval processes and estimated timelines for development or subdivision? Are there any existing planning permits or approvals that can be transferred or need renewal? What are the costs involved in renovating or building on this site, including council fees and compliance? Is the property connected to all essential services, including water, sewer, electricity, and high-speed internet?

149 The Terrace, Ocean Grove, Vic 3226 - More Details

$1,700,000 - $1,850,000

Type: House
Bedrooms: 5
Bathrooms: 2
Parkings: 2
Area: 815 m²

Price guide

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149 The Terrace, Ocean Grove, Vic 3226 - Point Of Interest

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149 The Terrace, Ocean Grove, Vic 3226

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