48 Olympic Avenue, Cheltenham VIC 3192

Luxury Family Oasis with Resort-Style Pool

House
Type
5
Bedrooms
2
Bathrooms
2
Parkings

Last updated on Tuesday, September 15, 2026 ( See property details for 48 Olympic Avenue, Cheltenham VIC 3192)

$2,000,000

Angela Limanis Sales Consultant & Auctioneer
Ella Mignone Sales Associate to Angela Limanis
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A luxurious, family-friendly home in a prime beach-side location featuring modern upgrades, a sparkling pool, and spacious living areas.

🏑 Property Highlights

  • Spacious five-bedroom family home in a sought-after beach-side precinct
  • Spectacular north-facing backyard with sparkling swimming pool and alfresco zone
  • State-of-the-art designer renovation with modern kitchen and luxurious bathrooms
  • Centrally heated and cooled with solid Australian hardwood floors
  • Prime location just minutes from parks, kindergarten, Southland shopping, and Melbourne CBD
  • Three-car parking including a double carport with ample space for family and guests

✨ Key Features

  • Swimming Pool
  • Outdoor Area
  • Built-in Robes
  • Open-Plan Living
  • Air Conditioning
  • Ceiling Fans
  • Ensuite
  • Garage / Secure Parking
  • Outdoor Area / Balcony
  • Fully fenced
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48 Olympic Avenue
Cheltenham, VIC 3192
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Vertical aerial view β€” 48 Olympic Avenue
48 Olympic Avenue — Vertical Aerial  •  Cheltenham, VIC 3192  •  Nearmap © 2026

Cheltenham offers a vibrant beach-side community with lush parks, excellent local schools, and convenient access to shopping and transport. The area boasts prestigious golf courses and a relaxed lifestyle, making it ideal for families seeking comfort and leisure. Its proximity to Melbourne CBD ensures easy commuting, while the local amenities foster a strong sense of community and outdoor living. This neighbourhood combines suburban tranquility with urban convenience, perfect for modern family life.

What are the key features of this family home?
This home features five bedrooms, two bathrooms, a modern designer kitchen, a sparkling swimming pool, a north-facing backyard, and ample parking including a double carport.
Is the property suitable for entertaining guests?
Yes, the property boasts a large outdoor alfresco area, a spacious indoor living-dining zone, and a stunning pool, perfect for entertaining family and friends.
What are the heating and cooling options available?
The home is centrally heated and cooled, ensuring comfort throughout the year.
Are there any nearby amenities and schools?
Yes, the property is just a short walk to Pennydale Park, Olympic Avenue Kindergarten, Southland shopping precinct, and is well-connected to Melbourne CBD via express train.
What type of flooring is featured in the home?
The home features luxurious Australian hardwood floors throughout the living areas.
Are there any upcoming or ongoing planning or development projects in the area that could affect the property? Has the property been inspected for any structural issues or defects, especially around the pool and outdoor areas? Are there any zoning restrictions or easements that could impact future renovations or extensions? What are the council rates and any additional costs associated with maintaining the pool and landscaped gardens? Is the property located in a flood or bushfire-prone zone, and what precautions have been taken?

48 Olympic Avenue, Cheltenham VIC 3192 - More Details

Luxury Family Oasis with Resort-Style Pool

Surround yourself and your family with the ultimate comfort of this spacious and modern home in a prized beach-side precinct. Just a two-minute walk to Pennydale Park and sought-after Olympic Avenue Kindergarten, this five-bedroom, two-bathroom, dual-zone home is a true family oasis.

Make yourself comfortable by the open fireplace in the formal lounge and enjoy peaceful views across the lush, landscaped garden, bring all the family together in light-filled living-dining, then step outside to a spectacular north-facing backyard designed for effortless entertaining, complete with a generous alfresco zone and sparkling swimming pool.

Designed for family harmony with a luxurious rear master suite with dual-vanity designer ensuite and a clever fifth bedroom doubling as a large home office, there is stylish space for parents to relax and entertain while kids play, swim and enjoy the beautifully landscaped surrounds.

Showcasing a state-of-the-art designer renovation, this centrally heated and cooled home features a cutting-edge kitchen with Bosch dishwasher and glass splashback, fronted by a vast waterfall-edge dining bench for the biggest family dinners. Luxuriously finished with fully-tiled bathrooms and roof-hung monsoon showers, this stylish home features deluxe touches including solid Australian hardwood floors, thick stone benchtops, airy ceiling fans and elegant plantation-style shutters.

Offering accommodation to suit the biggest family with three-car parking including a double carport, this impressive private garden sanctuary is complemented by a sparkling pool and superb outdoor entertaining. Set amidst some of Melbourne's most prestigious golf courses, with at least four courses within five minutes' drive, this is one of the Pennydale precinct's premier addresses. Just a few doors to the park and kindergarten, a walk to Southland, the revitalised station and retail precinct, and just 29 minutes by express train to the CBD, this exceptional family oasis delivers resort-style living in an unbeatable location.

PLEASE NOTE:
*Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.
* Photo ID required at all open for inspections
Type
House
Bedrooms
5
Bathrooms
2
Parkings
2
Area
0.0

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