336 Esplanade, Mount Martha, Vic 3934

House
Type
3
Bedrooms
2
Bathrooms
2
Parkings
1,659 m²
Area

Last updated on Saturday, August 08, 2026 ( See property details for 336 Esplanade, Mount Martha, Vic 3934)

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Alex Corradi Director & Licensed Estate
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A rare elevated waterfront property in Mount Martha offering breathtaking views, approved plans for a luxury residence, and versatile development options on dual lots.

🏡 Property Highlights

  • Uninterrupted 180-degree panoramic waterfront views of Mornington Peninsula and Melbourne CBD skyline
  • Rare elevated cliff-top position on a coveted corner allotment with no easements
  • Approved architecturally designed plans for a luxurious 4-bedroom residence with premium features
  • Potential to create two separate residences on dual lots (STCA), offering flexible lifestyle options
  • Prime location close to Mount Martha village, beaches, wineries, and golf courses
  • Expansive 1,659m2 land area with approximately 147 feet of water frontage

✨ Key Features

  • Waterfront / Views
  • Outdoor Area
  • Open-Plan Living
  • Garage / Secure Parking
  • Security Screens / Gates
  • Fly Screens
  • Ceiling Fans
  • Heating (Ducted/Split)
  • External Entertainment Areas
  • Waterfront / Views

Mount Martha is a sought-after coastal suburb renowned for its stunning beaches, world-class wineries, and golf courses. It offers a tranquil lifestyle just over an hour from Melbourne’s CBD, with easy access to Mount Martha village amenities. The area boasts pristine beaches, vibrant local community, and scenic natural beauty, making it ideal for both relaxed living and investment. Its elevated position provides spectacular water views and sunsets, enhancing the coastal living experience.

What are the key features of the approved architectural plans?
The approved plans include a 4-bedroom residence with a master guest wing, 3.5 bathrooms, infinity pool and spa, expansive entertaining terrace, theatre room, bespoke cellar, full office area, rear courtyard, elevator, and a spacious 4-car garage, all oriented to maximise water views.
Can the existing plans be modified or customized?
Yes, the council endorsed plans are flexible and can be customized further, subject to approval, to suit your specific lifestyle needs.
What is the current condition of the existing home on the property?
The existing home is a well-positioned 3-bedroom, 2-bathroom coastal residence with double lockup garage, open stone fireplace, and outdoor entertainment areas, providing immediate comfort while you plan your future development.
Are there any restrictions or easements on the property?
The property has a clear title with no easements, and the existing planning permit allows for removal of all existing trees and vegetation.
What are the potential development options for the dual lots?
The dual lots offer the flexibility to develop two separate residences (STCA), or hold the land as a long-term investment, with the potential for future subdivision or redevelopment.
Are there any additional costs or fees associated with the approved plans or future development? What are the local council requirements or restrictions for building on the dual lots? Are there any known environmental or geotechnical issues that could affect construction? Is there any ongoing or upcoming planning activity in the area that could impact the property? What are the zoning regulations and potential easements or covenants affecting the property? Are there any restrictions on removing existing trees or vegetation as per the planning permit? What is the history of flooding or bushfire risk in this elevated coastal area? Are there any strata or community title considerations if developing multiple residences? What are the costs involved in maintaining the existing home and future development plans? Is there any nearby construction or development activity that could impact the property's tranquility or views?

336 Esplanade, Mount Martha, Vic 3934 - More Details

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Capturing one of the best uninterrupted views across the Mornington Peninsula to the Melbourne CBD skyline, with stunning sunsets throughout the year, this prized and extremely rare elevated cliff top property presents a rare opportunity to secure a premium waterfront lifestyle, capturing the essence of living in any of the captivating rivieras in Europe, with approved plans ready to bring a landmark residence to life.

Set across approximately 1,659m2 over two lots with breathtaking water frontage spanning circa 147 feet, the property currently comprises a well positioned 3-bedroom, 2-bathroom coastal residence, complete with double lockup garage with internal access and an inviting open stone fireplace, offering immediate comfort.

The property is further enhanced by council endorsed plans for a sublime architecturally designed residence, complete with full working drawings, landscape plans and engineering specifications, providing a clear pathway to immediately commence construction. The approved design showcases a 4-bedroom residence including separate master guest wing, 3.5 bathrooms, infinity pool and spa, expansive terrace with entertaining area overlooking the waterfront views, theatre room, bespoke cellar, full office area, rear courtyard, elevator and a spacious 4 car garage, with all living and bedroom zones oriented to capture the expansive panoramic water views.

For those seeking an alternative approach, the dual lots present the flexibility to create two individual residences, one on each allotment (STCA), or alternatively hold as a long term lifestyle investment.

Whichever vision you pursue, this rare offering delivers an abundance of lifestyle benefits, with Mount Martha serving as the gateway to world class wineries, golf courses and beaches, while being positioned close to Mount Martha village and just over an hour from Melbourne's CBD.

Enjoy the tranquility of Mount Martha beach which has recently been voted the best beach in Victoria and in the top 10 beaches in Australia.

Property specifications:
-Coveted elevated corner waterfront allotment
-Clear title with no easements
-Uninterrupted 180 degree panoramic waterfront views that cannot be built out
-Enjoy uninterrupted stunning sunsets and Melbourne CBD skyline every day and evening throughout the year
-Unobstructed outlook free from overhead powerlines
-Geographically positioned on a sealed service road and elevated off the main road
-Two separate lots with a combined area of circa 1,659m2
-Ready to go council endorsed plans expiring on 31 March 2029
-Existing planning permit allows for the removal of all existing trees and vegetation
-Favourable geotech and soil report
-Abundance of off street and on street parking
-Existing home offers 2 spacious covered outdoor entertainment areas as well as integrated reverse cycle central heating and cooling system together with 2 separate independent heating and cooling split systems.
Type
House
Bedrooms
3
Bathrooms
2
Parkings
2
Area
1,659 m²
House Size
135 m²

Price guide

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