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72 Observation Drive, Rye, Vic 3941

$1,300,000

House

Type

Bedrooms

Bathrooms

Parkings

752 m²

Area

Last updated on Tuesday, October 06, 2026 ( See property details for 72 Observation Drive, Rye, Vic 3941)

$1,300,000

View the agent price guide.

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Kirsten White Property Consultant

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AI Property Insight

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

A modern coastal residence in Rye offering stunning bay views, versatile living spaces, and luxurious outdoor entertaining on a sought-after elevated block.

🏡 Property Highlights

Sweeping bay views from an elevated position
Resort-style outdoor entertaining with a sparkling pool
Light-filled open-plan living spaces
Self-contained downstairs area for extended family or dual occupancy
Premium finishes throughout the home
Prime location close to beaches, cafes, and golf courses

✨ Key Features

Open-Plan Living
Outdoor Area
Swimming Pool
Built-in Robes
Home Office / Study
Balcony
Waterfront / Views
Extra Storage (Shed/Linen)
Security Screens / Gates
Ceiling Fans

Suburb and Property Insights of Rye, VIC 3941

Rye is a highly sought-after coastal suburb renowned for its stunning beaches, vibrant cafes, and world-class golf courses. It offers a relaxed lifestyle with easy access to outdoor activities, scenic waterfronts, and a close-knit community atmosphere. The area combines natural beauty with modern amenities, making it ideal for families and lifestyle seekers. Its prime location on the Mornington Peninsula ensures a perfect balance of leisure, convenience, and breathtaking scenery.

Frequently Asked Questions

What are the main features of this property?

This property features sweeping bay views, a sparkling pool, open-plan living spaces, a self-contained downstairs area, premium finishes, and multiple outdoor entertaining areas.

Is the property suitable for families?

Yes, the home is designed for effortless family living with spacious interiors, multiple bedrooms, and versatile living options including a self-contained area for extended family or guests.

What is the condition of the property?

The property is a modern residence with high-quality finishes, well-maintained interiors, and contemporary design elements.

Does the property have outdoor entertaining spaces?

Yes, it features expansive outdoor areas perfect for entertaining, including a sparkling pool and panoramic views.

What amenities are nearby?

The property is close to Rye's beaches, cafes, golf courses, and local amenities, providing a convenient coastal lifestyle.

What to ask about this property to agent?

Are there any upcoming council or planning applications that could affect the property or its views? Has the property been tested for flood or bushfire risks given its coastal location? Are there any easements, covenants, or zoning restrictions that could impact future development or renovations? What are the ongoing maintenance costs associated with the pool and outdoor areas? Is there any history of structural issues or repairs needed for the home? Are there any strata or community title considerations if applicable? What are the details regarding the self-contained downstairs area, including any additional costs or approvals required? Are there any noise or neighbour-related concerns in this elevated location? Is the property compliant with all local building codes and regulations? Are there any planned developments or construction projects nearby that could impact the view or lifestyle?

72 Observation Drive, Rye, Vic 3941 - More Details

$1,300,000

Elevated in one of Rye's most prestigious, tightly held heights, 72 Observation Drive is a premier Spring opportunity. If you have been searching for a substantial, modern coastal retreat with genuine multi-family capability and panoramic blue-water views, this is your destination. Crafted for lifestyle entertaining and effortless flexibility, this expansive 5-bedroom, 3-bathroom residence blends architectural light with premium coastal luxury.
The Upper Level: Light, Views & Entertaining.
- Panoramic Bay Vistas : Open-plan living zones framed by floor-to-ceiling glass capturing sweeping bay views.
- Seamless Flow : Transition effortlessly from the premium indoor living spaces out to expansive decking.
- Resort Living : Relax on the deck or by the sparkling pool, backdropped by an outstanding Peninsula outlook.
The Lower Level: Ultimate Versatility & Dual-Occupancy
- Self-Contained : A substantial downstairs zone featuring independent living quarters.
- Flexible Layout : Ideal for extended families, hosting dual holiday groups, a teenage retreat or prime guest stays.
- Future Potential : Ample space and a brilliant layout configured to easily accommodate future modifications or a garage conversion down the track.
- The Location : Positioned just moments from Rye's vibrant cafes, pristine front and back beaches, world-class golf courses and hot springs.
Opportunities of this scale, footprint and view calibre are exceptionally rare at a this price point. Secure your inspection ahead of the peak Spring rush.

Type: House
Bedrooms: 5
Bathrooms: 3
Parkings: 2
Area: 752 m²

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

Three Dimensional Virtual Tour - 72 Observation Drive, Rye, Vic 3941

Interactive Property Floorplan - 72 Observation Drive, Rye, Vic 3941

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Map & nearby places — 72 Observation Drive, Rye, Vic 3941

Explore 72 Observation Drive, Rye, Vic 3941 in 3D

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72 Observation Drive, Rye, Vic 3941

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