682 Esplanade, Mornington, Vic 3931

$3,000,000 - $3,300,000

House
Type
3
Bedrooms
2
Bathrooms
2
Parkings
1,120 m²
Area

Last updated on Tuesday, August 11, 2026 ( See property details for 682 Esplanade, Mornington, Vic 3931)

$3,000,000 - $3,300,000

Geoff Oxford Director/Property Consultant/Sales
Rob Lewis OIEC / Licensed Estate Agent / Sales Property Consultant
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare bayfront property in Mornington offering breathtaking views, substantial land, and exceptional renovation or subdivision potential.

🏡 Property Highlights

  • Uninterrupted Port Phillip Bay views from multiple living areas and main bedroom suite
  • Expansive 1,122sqm bayfront landholding in a prestigious Mornington location
  • Outstanding subdivision potential (STCA) for future development
  • Luxury outdoor entertaining with inground pool, glass-edged spa, and pool house
  • Generous family accommodation including a dedicated home office and multiple living zones
  • Prime coastal position opposite walking trail and close to Coral Cove Beach

✨ Key Features

  • Outdoor Area
  • Built-in Robes
  • Open-Plan Living
  • Waterfront / Views
  • Outdoor Spa
  • Garage / Secure Parking
  • Fireplace
  • Security Screens / Gates
  • Ducted Heating
  • Reverse-cycle Air Conditioning
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682 Esplanade
Mornington, VIC 3931
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Vertical aerial view — 682 Esplanade
682 Esplanade — Vertical Aerial  •  Mornington, VIC 3931  •  Nearmap © 2026

Mornington is renowned for its stunning coastline, vibrant Main Street with cafes and boutique shopping, and a relaxed coastal lifestyle. The area offers excellent recreational facilities, proximity to beaches like Coral Cove, and a prestigious community atmosphere. Its scenic beauty and strong investment appeal make it one of the peninsula’s most sought-after locations.

What are the potential uses for the subdivision of this property?
The property offers outstanding subdivision potential (STCA), which could allow for the development of multiple residential lots, subject to council approval and planning regulations.
Can the existing residence be renovated or extended?
Yes, the existing home is suitable for renovation or extension, providing an opportunity to create a custom waterfront residence that maximises the spectacular views.
What are the key features of the outdoor entertaining area?
The outdoor entertaining area includes a covered alfresco deck overlooking the pool, a pool house with a drinks bar, pull-down café blinds, and a firepit area, ideal for gatherings and relaxation.
Is there potential for future development or investment growth?
Absolutely, with a large landholding, prime location, and subdivision potential, this property offers significant long-term investment prospects.
What amenities are nearby?
The property is just moments from Coral Cove Beach, opposite the coastal walking trail, and within walking distance to Mornington’s vibrant Main Street, cafes, restaurants, and boutique shopping.
Are there any existing planning restrictions or easements affecting the subdivision potential (STCA)? What are the council rates and any additional costs associated with land subdivision or renovation? Are there any known issues with the existing structure or land, such as drainage or soil stability? Is the property located within a flood or bushfire risk zone? Are there any upcoming development or construction projects in the vicinity that could impact the views or lifestyle?

682 Esplanade, Mornington, Vic 3931 - More Details

$3,000,000 - $3,300,000

Positioned on one of Mornington’s most tightly held stretches of coastline, this exceptional bayfront property captures uninterrupted views across Port Phillip Bay from Mount Martha to Mornington, where ever-changing skies and spectacular sunsets create a breathtaking backdrop every day.

Opposite the coastal walking trail and just moments from Coral Cove Beach, this is an extraordinarily rare opportunity to secure a substantial 1,122sqm (approx.) landholding in one of the peninsula’s most prestigious locations.

Whether you choose to renovate and transform the existing residence into a world-class waterfront home, or explore the outstanding subdivision potential (STCA), the possibilities are as exciting as the location itself. With land of this size, orientation and position becoming increasingly scarce, this is an investment in lifestyle and long-term value.

Just a leisurely stroll from Mornington’s vibrant Main Street, cafés, award-winning restaurants and boutique shopping, the location is second to none.

Designed to maximise its spectacular waterfront setting, the original residence offers generous proportions and multiple living spaces. Upstairs, the main living area opens onto a balcony where uninterrupted bay views take centre stage. Enjoy a drink from the adjoining bar, entertain family and friends, or simply watch the colours of the sunset transform the horizon. Downstairs, a second living room with an inviting fireplace provides another peaceful retreat overlooking the water.

Privately set behind a high fence and automatic sliding gate, the home offers generous family accommodation and exceptional entertaining spaces throughout. The spacious kitchen is centred around a striking angled island bench and flows seamlessly to the dining area, where bi-fold doors open onto a covered alfresco deck overlooking the sparkling inground pool, complete with a glass-edged spa and electric awning.

Outdoor entertaining continues with a superb pool house featuring a Merbau deck, drinks bar, pull-down café blinds for year-round enjoyment, and an adjoining firepit area that creates the perfect setting for memorable gatherings.

Accommodation includes a dedicated home office (or fourth bedroom), two additional bedrooms serviced by a stylish family bathroom, while the privately positioned upstairs main suite enjoys breathtaking bay views, direct balcony access, a walk-in robe and a spacious ensuite with twin vanity and double shower.

Additional features include:

* Expansive 1,122sqm (approx.) bayfront allotment
* Outstanding renovation or subdivision potential (STCA)
* Uninterrupted Port Phillip Bay views
* Multiple indoor and outdoor living zones
* Main bedroom retreat with private balcony, walk-in robe and ensuite
* Ducted heating and reverse-cycle air conditioning
* Surround sound system
* Mains gas BBQ connection
* Double garage with extensive off-street parking
* Rear storage shed
* Outdoor beach shower

Offering one of the finest bayfront opportunities to come to market in recent years, this is a property where exceptional land, breathtaking views and unlimited potential combine to create something truly special.

For a private inspection, please contact Geoff on 0414 282 817.
Type
House
Bedrooms
3
Bathrooms
2
Parkings
2
Area
1,120 m²
House Size
418 m²
Study
1

Price guide

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in compliance with Estate Agents Act 1980

Inspections times

  • Inspection Sat 15 Aug 12:00 pm

    Saturday 15 August
    12:00 pm - 12:30 pm
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