149 The Terrace, Ocean Grove, Vic 3226

Positioned high on The Terrace with extraordinary outlooks across Port Phillip Heads, Point Lonsdale, the Barwon Heads Bluff, Lake Victoria and the Begola wetlands, this substantial 814sqm allotment approx. offers an exceptional opportunity to secure a landmark coastal site in one of Ocean Grove’s most elevated and tightly held positions.

Offered primarily for its land value, the property presents a rare blank canvas for those looking to create something significant. The existing 1952 beach house has been cherished as a long-held holiday home and offers scope for buyers to renovate, reimagine or explore a new vision for the site, allowing them to consider the full future potential of this remarkable address.

The location, elevation and generous land size will appeal to buyers seeking a blue-chip base for a luxury new coastal residence, while developers will recognise the exciting scope to explore subdivision or multi-dwelling construction, supported by Residential Growth Zone planning provisions and potential building heights up to 10.5 metres, subject to council approval.

With its wide frontage and commanding position, the site invites a bold architectural response designed to maximise the ever-changing views and capture the full beauty of its coastal and wetland surrounds.

Whether you are planning a permanent sea-change, a luxury weekender, a landmark family residence or a future development project, this is a rare chance to secure a significant landholding in the heart of Ocean Grove.

Within easy walking distance of the water’s edge, The Terrace shopping and dining precinct, schools, cafes and everyday amenities, this is a blue-chip opportunity where lifestyle, land and future potential come together in truly exceptional form.

Type

House

Bedrooms

5

Bathrooms

2

Parkings

2

Area

815 m²