79-81 Lake Avenue, Ocean Grove, Vic 3226

House
Type
5
Bedrooms
3
Bathrooms
2
Parkings
1,208 m²
Area

Published on Thursday, May 14, 2026 ( See property details for 79-81 Lake Avenue, Ocean Grove, Vic 3226)

Awaiting Price Guide

Aaron Geary Auctioneer / Sales Consultant
Lauren Conlon Director / Licensed Estate Agent
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A luxurious lakeside family home offering stunning water views, spacious living, and exceptional outdoor entertaining in a prestigious Ocean Grove setting.

🏡 Property Highlights

  • Uninterrupted waterfront views across Blue Waters Lake
  • Set on a rare north-facing double allotment
  • Expansive, glass-framed interiors with quality finishes
  • Multiple living zones including formal lounge and open-plan areas
  • Elevated alfresco deck with louvred Vergola for all-season entertaining
  • Luxurious master suite with lake outlook, walk-in and built-in robes
  • Privately zoned guest wing with additional bedrooms and bathroom

✨ Key Features

  • Open-Plan Living
  • Outdoor Area
  • Built-in Robes
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • Solar Panels
  • Open-Plan Living
  • Waterfront / Views
  • Outdoor Area / Balcony
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79-81 Lake Avenue
Ocean Grove, VIC 3226
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Vertical aerial view — 79-81 Lake Avenue
79-81 Lake Avenue — Vertical Aerial  •  Ocean Grove, VIC 3226  •  Nearmap © 2026

Ocean Grove is a highly sought-after coastal town renowned for its pristine beaches, scenic lakeside walking tracks, and vibrant community atmosphere. The suburb offers a relaxed lifestyle with excellent cycling paths, local cafes, and proximity to the Barwon River foreshore. Its exclusive, tightly held locations provide privacy and tranquility, making it ideal for families and those seeking a premium seaside lifestyle.

What are the main lifestyle benefits of living in this waterfront property?
This property offers stunning water views, direct lakeside access, outdoor entertaining spaces, and proximity to scenic walking tracks, promoting an active and relaxed lifestyle.
How does the home facilitate outdoor living and entertaining?
The elevated alfresco deck with a louvred Vergola provides an all-season outdoor entertaining area with beautiful water views, perfect for gatherings and relaxing outdoors.
What are the key features of the master suite?
The master suite includes water outlook, built-in and walk-in robes, and an ensuite with honed travertine benchtops, a large walk-in shower, and a bidet.
Is the property energy-efficient?
Yes, the home features a 3kW solar system and over 12,000L of rainwater storage, supporting sustainability and reducing utility costs.
What are the main living areas and their features?
The home offers multiple living zones, including a formal lounge, dining area, and a light-filled open-plan kitchen, meals, and living space warmed by gas log fireplaces.
Are there any upcoming planning or development applications in the area that could affect the view or privacy? What are the strata or council rates and are there any additional levies for the property? Is the property compliant with all local building codes and regulations, especially for the outdoor structures? Are there any known issues with the water access or flood risks given its lakeside location? What is the history of the property's maintenance, particularly the roof, gutters, and outdoor decks?

79-81 Lake Avenue, Ocean Grove, Vic 3226 - More Details

Awaiting Price Guide

Perfectly positioned in a tightly held blue-ribbon setting, this exceptional residence enjoys uninterrupted, ever-changing views across the tranquil Blue Waters Lake. Designed to embrace its breathtaking waterfront backdrop, the home delivers an impressive blend of expansive living, refined comfort, and an enviable lakeside lifestyle.
Set across a rare north-facing double allotment, the five-bedroom home unfolds with an immediate sense of scale and calm. Expansive glass-framed interiors ensure the water remains a constant focal point, while quality finishes throughout reflect a subtle, understated luxury.
Multiple living zones cater to every occasion, from a sophisticated formal lounge and dining area through to the light-filled open-plan kitchen, meals, and living domain. Warmed by gas log fireplaces, these inviting spaces are designed for relaxed everyday living with a strong connection to the outdoors. The well-appointed kitchen will delight the home chef, featuring an ILVE double oven with gas cooktop, stone benchtops, and excellent storage.
Seamlessly extending from the main living area, the elevated alfresco deck—protected by a louvred Vergola—creates an exceptional all-season entertaining space, where sparkling water views provide a stunning backdrop for gatherings both large and small.
Accommodation is generously proportioned, with five peaceful bedroom retreats throughout the flexible floorplan. The luxurious master suite captures the lake outlook and is complete with both built-in and walk-in robes, along with an indulgent ensuite showcasing honed travertine benchtops and tiling, an oversized walk-in shower, separate WC, and bidet.
The same attention to detail continues in the family bathroom, servicing two additional robed bedrooms, while a privately zoned guest wing accommodates two further bedrooms and a third bathroom—ideal for extended family or visitors.
Everyday comfort is well considered, with split-system heating and cooling and ceiling fans throughout key living areas and bedrooms, along with a double lock-up garage, substantial workshop, and excellent storage options. Sustainability is also a highlight, with over 12,000L of rainwater storage, 3kW solar system, raised vegetable beds, and established fruit trees enhancing the home’s environmental appeal.
Beyond the home itself, the lifestyle on offer is truly special. Direct access to scenic lakeside walking tracks encourages an active, outdoor way of life, while the Barwon River foreshore, local cycling paths, and vibrant town centre are all within easy reach.
Tucked away at the exclusive cul-de-sac end of Lake Avenue, this remarkable waterfront residence delivers space, serenity, and an unrivalled lakeside lifestyle in one of the area’s most tightly held settings.
Type
House
Bedrooms
5
Bathrooms
3
Parkings
2
Area
1,208 m²

Price guide

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