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15 Grace Street, Rye, Vic 3941 Sold
15 Grace Street, Rye, Vic 3941 15 Grace Street, Rye, Vic 3941-Image 15 Grace Street, Rye, Vic 3941-Image 15 Grace Street, Rye, Vic 3941-Image 15 Grace Street, Rye, Vic 3941-Image 15 Grace Street, Rye, Vic 3941-Image 15 Grace Street, Rye, Vic 3941-Image 15 Grace Street, Rye, Vic 3941-Image 15 Grace Street, Rye, Vic 3941-Image 15 Grace Street, Rye, Vic 3941-Image 15 Grace Street, Rye, Vic 3941-Image 15 Grace Street, Rye, Vic 3941-Image 15 Grace Street, Rye, Vic 3941-Image 15 Grace Street, Rye, Vic 3941-Image 15 Grace Street, Rye, Vic 3941-Image 15 Grace Street, Rye, Vic 3941-Image 15 Grace Street, Rye, Vic 3941-Image 15 Grace Street, Rye, Vic 3941-Floorplan

15 Grace Street, Rye, Vic 3941

$1,225,000

House
Type
4
Bedrooms
3
Bathrooms
3
Parkings
740 m²
Area

Last updated on Wednesday, August 26, 2026 ( See property details for 15 Grace Street, Rye, Vic 3941)

$1,225,000

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

A charming dual-level family home on a spacious allotment in Rye, offering versatile living options and excellent future potential just metres from the foreshore and village amenities.

🏡 Property Highlights

  • Prime location just metres from Rye Pier, foreshore, village, and primary school
  • Generous 740 m² allotment with future development potential (STCA)
  • Dual-level character-filled residence with vaulted ceilings and exposed Oregon beams
  • Spacious main living area opening to a slate terrace and a limestone feature wall
  • Upstairs bedrooms with a north-facing balcony and a master with ensuite
  • Versatile downstairs space currently used as a hair and beauty salon with additional amenities

✨ Key Features

  • Solar Panels
  • Outdoor Area
  • Built-in Robes
  • Garage / Secure Parking
  • Open-Plan Living
  • Waterfront / Views
  • Split System Air Conditioning
  • Security System
  • Outdoor Area / Balcony
  • Extra Storage (Shed/Linen)

Rye is a sought-after coastal suburb renowned for its stunning beaches, vibrant village atmosphere, and excellent amenities. It offers a relaxed lifestyle with easy access to the foreshore, local primary schools, and a range of recreational activities. The area is perfect for families, holidaymakers, and investors seeking a versatile property in a prime location. With its strong community vibe and scenic surroundings, Rye continues to be a highly desirable destination for both living and leisure.

What are the potential uses for this property?
This property offers versatile options including renovation into a contemporary beach house, subdivision for a rear dwelling (STCA), or redevelopment into a luxury residence or two townhouses.
Is the property suitable for future development?
Yes, the large 740 m² allotment provides significant potential for future subdivision or redevelopment, subject to council approval.
What features make this home ideal for families?
The home’s spacious layout, multiple bedrooms including a master with ensuite, and proximity to local primary schools make it ideal for family living.
Does the property have energy-efficient features?
Yes, the property includes solar panels, which contribute to energy efficiency and cost savings.
What outdoor features are included?
The property features a lush level lawn, a broad north-facing balcony, a slate terrace, and a well-maintained garden with seasonal produce.
Are there any existing planning restrictions or easements on the property that could affect future development? Has the property been affected by flooding or bushfire risks in the past? Are there any ongoing or planned nearby construction projects that could impact the property? What are the total costs involved in maintaining the solar panels and security system? Is the property compliant with all local council regulations and building codes? Are there any hidden costs associated with the property’s current use as a salon or other existing structures? What is the zoning classification, and are there any restrictions on subdivision or redevelopment? Are there any known defects or issues with the property’s structure or systems? Is there any history of pest infestations or environmental hazards on the site? What are the strata or body corporate considerations if applicable?

15 Grace Street, Rye, Vic 3941 - More Details

$1,225,000

Held by the same family since its early 1970s creation and positioned just metres from Rye Pier, foreshore, village and local primary school, this character-filled residence sits on a generous allotment rich with future potential. A renovator’s dream with strong bones, the dual-level home offers scope to transform into a contemporary beach house, live in while exploring subdivision for a rear dwelling, or start again with a luxury new residence or two townhouses (STCA). Behind a brick and timber façade finished in neutral tones, the dual level home reveals a flowing floorplan rich in warmth and personality. Beneath soaring, vaulted ceilings with exposed Oregon beams, the main living domain extends to a slate crazy paved terrace, while a limestone feature wall forms a striking centrepiece between the lounge and updated kitchen and dining area with dual ovens, abundant cabinetry and breakfast bar. Upstairs, three spacious bedrooms open to a broad north-facing balcony, including a master with ensuite, while a charming fourth bedroom with timber-lined walls, hardwood floors and a retro built-in robe sits beside a tidy family bathroom. Downstairs, an expansive multipurpose area with handmade Shoji-style screen dividers is currently configured as a hair and beauty salon, alongside a laundry with adjoining shower and toilet. The rear garden reveals a lush level lawn bordered by cherry plum, thornless raspberries, dahlias, irises and white lilacs, creating bursts of colour and sweet seasonal produce through spring and summer. Additional inclusions; solar panels, awnings, split system air-conditioning, gas heater, cedar feature walls, tandem carport, oversized lock-up garage, ample storage and security system.
Type
House
Bedrooms
4
Bathrooms
3
Parkings
3
Area
740 m²

Price guide

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