19-23 Waterloo Street, Rhyll, Vic 3923

$1,750,000 to $1,850,000

House
Type
5
Bedrooms
3
Bathrooms
4
Parkings
1,987 m²
Area

Published on Thursday, September 17, 2026 ( See property details for 19-23 Waterloo Street, Rhyll, Vic 3923)

$1,750,000 to $1,850,000

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

A spacious, three-level coastal residence on a large private block in the peaceful seaside village of Rhyll, offering stunning views, versatile living spaces, and development potential.

🏡 Property Highlights

  • Expansive 1,987sqm coastal land with potential for future subdivision (STCA)
  • Distinctive three-level residence offering privacy and space
  • Beautifully renovated contemporary kitchen with high-end appliances
  • Wrap-around deck with stunning coastal vistas and outdoor entertaining areas
  • Multiple flexible living spaces including a private home office or retreat
  • Prime location in the tranquil seaside village of Rhyll, Phillip Island

✨ Key Features

  • Built in robes
  • Ensuite
  • Open-Plan Living
  • Outdoor Area
  • Waterfront / Views
  • Balcony
  • Security Screens / Gates
  • Pet-Friendly
  • Garage / Secure Parking
  • Outdoor Area / Balcony
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19-23 Waterloo Street
Rhyll, VIC 3923
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Vertical aerial view — 19-23 Waterloo Street
19-23 Waterloo Street — Vertical Aerial  •  Rhyll, VIC 3923  •  Nearmap © 2026

Rhyll is a tranquil seaside village renowned for its relaxed coastal lifestyle, scenic foreshore, and vibrant community. Key highlights include its proximity to beaches, boat ramp, local cafes, and recreational facilities. The area offers a peaceful environment with easy access to Phillip Island’s renowned wildlife, attractions, and spectacular coastal landscapes, making it ideal for both permanent living and holiday retreats.

What are the main lifestyle benefits of living in Rhyll?
Living in Rhyll offers a relaxed coastal lifestyle with scenic views, outdoor activities, proximity to beaches, boating, and a close-knit community atmosphere.
Does the property have outdoor entertaining spaces?
Yes, the property features a wrap-around deck and large outdoor lawns ideal for entertaining and relaxing.
Is the property suitable for holiday or permanent living?
The versatile layout, privacy, and extensive outdoor areas make it suitable for both permanent residence and holiday retreats.
What are the key features of the kitchen?
The kitchen is renovated with stone waterfall benchtops, a built-in self-cleaning double oven, 900mm induction cooktop, dishwasher, and ample storage.
Are there any development or subdivision opportunities?
Yes, the substantial landholding may offer future subdivision or development potential, subject to council approval and planning requirements (STCA).
Are there any restrictions or easements on the property that could affect future development or use? Has the property been inspected for structural issues or defects? Are there any planning or zoning restrictions that could impact subdivision or renovations? What are the council rates and any additional levies or fees? Is the property located in a flood or bushfire-prone area? Are there any ongoing or upcoming construction projects nearby that could affect privacy or views? What is the history of the property regarding maintenance and repairs? Are there any covenants or heritage overlays affecting the property? Is the property compliant with all building codes and regulations? What are the terms and conditions regarding the potential subdivision or development of the land?

19-23 Waterloo Street, Rhyll, Vic 3923 - More Details

$1,750,000 to $1,850,000

Rarely does a property of this scale, character and distinction become available in the tranquil seaside village of Rhyll, Phillip Island.

Set upon an extraordinary 1,987sqm (approximately half an acre) of private coastal land, 19-23 Waterloo Street, Rhyll is far more than a residence. It is a rare and beautifully considered Phillip Island holding - an expansive coastal sanctuary where architecture, established gardens, privacy and village-style living come together in an exceptional setting.

Quietly positioned within the peaceful seaside landscape, this distinctive three-level residence offers a sense of space and privacy. Surrounded by established tropical gardens, the home unfolds across three generous levels, creating an effortless connection between refined interiors, expansive outdoor spaces and the tranquil coastal environment beyond.

From the moment you enter the property, there is an unmistakable feeling of openness. And the substantial grounds provide room to breathe, entertain, gather with family and friends, or simply retreat into the serenity of island life.

The entry level offers flexibility, featuring a beautifully appointed main bathroom with luxurious soaking bath, separate shower and vanity, a powder room and a fifth bedroom with its own external access. Equally suited to guest accommodation, a private home office, creative studio or secluded retreat.

The ground floor level introduces an expansive living area, two large bedrooms with built-in robes and a well-appointed combined laundry and bathroom. Opening directly to the enormous covered entertaining area and private, generous, grassed lawns, this level is perfectly suited to extended family, visiting guests or relaxed holiday living. A light-filled, built-in cushioned window seat adds another inviting place to pause and enjoy the peaceful surrounds.

The first floor level forms the heart of the residence, bringing together its principal living and entertaining spaces. At its centre is a beautifully renovated contemporary kitchen, appointed with stone waterfall benchtops, generous breakfast bar, appliance cupboard, built-in self-cleaning double oven, 900mm induction cooktop, dishwasher and quality fixtures.

The kitchen flows naturally into an open-plan living and dining area, where another window framed, built-in window seat creates a relaxed vantage point from which to take in the changing coastal views and atmosphere. A wood-heater fireplace adds the extra ambience while the split system reverse-cycle air-conditioning creates a comfortable temperature for all seasons.

Glass sliding doors open onto the wrap-around deck, extending the living spaces outdoors and creating an exceptional setting for long lunches, sunset drinks and effortless entertaining. From here, peaceful coastal vistas unfold, enjoy watching the boats gently moving across the bay - a beautiful reminder that this is a home designed around the pleasures and rhythms of island living.
The master suite is a private sanctuary, complete with walk-in robe, ensuite and more glass sliding doors opening directly onto the balcony. And a fourth bedroom and additional powder room complete this level.

Outside, the large garage and carport offer secure parking for multiple vehicles, boat and other essentials for life on the Island.
With living and accommodation thoughtfully distributed across three floors, the residence offers an unusual degree of privacy, flexibility and separation - equally suited to sophisticated permanent living, a treasured family retreat, an exceptional holiday home or a premium coastal investment.

The scale of the holding is extraordinary for Rhyll. While its immediate appeal lies in the privacy, gardens and freedom it provides, the substantial allotment may also offer future subdivision or additional development possibilities, subject to Council approval and all relevant planning requirements (STCA)

Take in the quiet pleasures of Rhyll, an easy stroll connects with the foreshore, boat ramp, local café, fish and chip shop, Rhyll Tavern, licensed general store, post office, children's playground, tennis club and Rhyll Yacht Club. Beyond the village, Phillip Island's renowned beaches, wildlife, restaurants and spectacular coastal landscapes and tourist attractions, are all within easy reach.

Please contact Teresa on 0429 398730 for more information or to arrange a private inspection.




Type
House
Bedrooms
5
Bathrooms
3
Parkings
4
Area
1,987 m²
House Size
245 m²

Price guide

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