2/42 Ocean Reef Drive, Patterson Lakes, Vic 3197

$1,550,000-$1,650,000

House
Type
5
Bedrooms
3
Bathrooms
2
Parkings
381 m²
Area

Published on Wednesday, October 14, 2026 ( See property details for 2/42 Ocean Reef Drive, Patterson Lakes, Vic 3197)

$1,550,000-$1,650,000

Christopher Rae Licensed Estate Agent / Auctioneer
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A beautifully reimagined 5-bedroom family home offering canal views, modern amenities, and versatile indoor-outdoor living spaces in Patterson Lakes.

🏡 Property Highlights

  • Stunning canal views with direct water access
  • Contemporary design with on-trend finishes
  • Spacious 5-bedroom layout with multiple living areas
  • Modern kitchen with prestige Neff appliances and walk-in pantry
  • Versatile outdoor enclosed room ideal for entertaining or retreat
  • Two-level home with balcony and alfresco dining spaces

✨ Key Features

  • Waterfront / Views
  • Outdoor Area
  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area / Balcony
  • Ceiling Fans
  • Ducted Heating
  • Refrigerated Cooling
  • Garage / Secure Parking
  • Pet-Friendly
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2/42 Ocean Reef Drive
Patterson Lakes, VIC 3197
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Vertical aerial view — 2/42 Ocean Reef Drive
2/42 Ocean Reef Drive — Vertical Aerial  •  Patterson Lakes, VIC 3197  •  Nearmap © 2026

Patterson Lakes is a vibrant suburb renowned for its picturesque waterways, family-friendly parks, and excellent local amenities. Residents enjoy easy access to schools, shopping precincts, and recreational facilities, all within a peaceful and scenic environment. The area offers a perfect balance of relaxed waterside living and convenient urban connectivity, making it ideal for families and water enthusiasts alike.

What are the main living spaces available in this home?
The property features multiple living areas including an alfresco-focused lounge/dining area, a canal-view living area with kitchenette and balcony, and an enclosed outdoor room suitable for entertaining or relaxation.
Does the home have outdoor entertaining options?
Yes, the property includes a patio, an enclosed outdoor room with strip lighting and ceiling fan, and direct access to the canal for water-based activities.
Are there modern appliances included in the kitchen?
The kitchen is equipped with prestige Neff appliances, including dual ovens, and a walk-in pantry with sensor lighting.
What heating and cooling features does the home have?
The home is fitted with ducted heating, refrigerated cooling, and ceiling fans to ensure year-round comfort.
Is there sufficient storage space in the property?
Yes, all four bedrooms feature substantial built-in storage, and there is additional storage in the home.
Are there any existing easements or zoning restrictions that could affect future modifications? Has the property been inspected for any structural issues or water damage, especially given its waterfront location? Are there any upcoming development plans or construction projects nearby that could impact privacy or views? What are the ongoing costs associated with maintaining the canal access and water views? Is the property compliant with all local building codes and regulations, particularly for the outdoor enclosed room?

2/42 Ocean Reef Drive, Patterson Lakes, Vic 3197 - More Details

$1,550,000-$1,650,000

Elevate your family’s lifestyle and get busy living the dream with this beautifully reimagined 5-bedroom oasis – a stylish sanctuary of space and light, all complemented by picturesque canal views and handy pathway access right down to the water’s edge.
Cleverly transformed by its vendors, the home is ready to welcome its next custodians. From its contemporary façade to its on-trend finishes, choice of living areas and outdoor entertaining spaces, every aspect of easy family living has been thoughtfully considered, and the result is sure to impress.
Spanning two inviting levels - culminating in a canal-view living area with kitchenette and balcony for seamless entertaining – the home comprises a ground floor alfresco-focused lounge/dining area, along with a chic new kitchen with prestige Neff appliances (dual ovens) and a walk-in pantry with handy sensor lighting.
An enclosed outdoor room with strip lighting and a ceiling fan is an invaluable and extremely versatile inclusion – perfect for parties or as a teen retreat or rumpus. A patio provides even more entertaining space and is the ideal spot to unwind or dine in the open air before you wander down to the canal for hours out on the water.
Two bedrooms are positioned downstairs – one with the luxury of its own ensuite. Three more can be found on the home’s upper level alongside a family bathroom, while a third bathroom back downstairs is an added practicality.
Substantial storage is a standout feature of the home and is offered in all four bedrooms. A full laundry, ducted heating, refrigerated cooling and ceiling fans are also included, along with an auto garage – all tucked behind remote-controlled gates.
Opposite parklands, with the Ocean Reef Drive Reserve also mere footsteps away, the home is within easy reach of Patterson Lakes Kindergarten, the suburb’s primary school and Cornish College. Shops, cafes and healthcare are easily accessible, as are freeways for a stress-free commute.

Disclaimer:The floorplan, room measurements, and land size provided are approximate and for illustrative purposes only. Buxton makes no representations or warranties regarding the accuracy, completeness, or reliability of any floorplan, drawing, or rendering used in the advertising materials. Buxton disclaims any liability for errors, omissions, or inaccuracies in the depiction of the land, property, or any described features. Prospective purchasers should conduct their own due diligence and seek independent professional advice to verify all information.
Type
House
Bedrooms
5
Bathrooms
3
Parkings
2
Area
381 m²
House Size
198 m²

Price guide

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in compliance with Estate Agents Act 1980

Inspections times

  • Inspection Sat 17 Oct 2:00 pm

    Saturday 17 October
    2:00 pm - 2:30 pm
Thank you for submitting your reminder request.

Map & nearby places — 2/42 Ocean Reef Drive, Patterson Lakes, Vic 3197

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