4 Marathon Drive, Mount Eliza, Vic 3930

$2,400,000 - $2,600,000

Residential Land
Type

Last updated on Wednesday, June 03, 2026 ( See property details for 4 Marathon Drive, Mount Eliza, Vic 3930)

$2,400,000 - $2,600,000

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A rare coastal landholding in Mount Eliza offering approved plans for a luxurious residence in an exclusive, secluded setting just moments from the beach and local amenities.

🏡 Property Highlights

  • Prime 3,645sqm coastal landholding just 300 metres from the shoreline
  • Approved plans and permits for a luxury residence included
  • Secluded position between Marathon Drive and Kackeraboite Creek
  • Potential for bay views and natural surrounds
  • Located in Mount Eliza’s most exclusive beachside pocket
  • Close to Daveys Bay, Toorak College, and Mount Eliza Village amenities

✨ Key Features

  • Waterfront / Views
  • Open-Plan Living
  • Outdoor Area
  • Built-in Robes
  • Secure Parking
  • Ensuite
  • Home Office / Study
  • Balcony
  • Low-Maintenance Yard
  • Pet-Friendly

Mount Eliza is a highly sought-after coastal suburb renowned for its natural beauty, prestigious homes, and relaxed seaside lifestyle. The area offers proximity to pristine beaches, top schools like Toorak College, and vibrant village amenities. Surrounded by lush landscapes and bay views, it provides an idyllic setting for luxurious living. The community is characterized by exclusivity, privacy, and a strong connection to nature, making it ideal for those seeking a premium coastal lifestyle.

What are the permitted uses for this land under current zoning regulations?
The land is zoned for residential use with approved plans and permits for a luxury residence, allowing for a bespoke coastal home development.
Are there any restrictions or covenants associated with this property?
The property has approved plans and permits, but potential buyers should review any covenants or restrictions with the local council or their legal advisor.
What is the process for building on this land?
With approved plans and permits in place, construction can commence following standard development procedures, including obtaining any necessary building approvals and engaging qualified builders.
Is the property prone to flooding or bushfire risks?
Given its coastal location, potential buyers should consult the local council and relevant authorities for detailed flood and bushfire risk assessments specific to this site.
Are there any upcoming developments or planning activities in the area?
Prospective buyers should check with the Mount Eliza local council for any planned developments or zoning changes that may impact the area.
Are there any hidden costs associated with the approved plans or permits that I should be aware of? Has the land been tested for soil stability and suitability for construction? Are there any easements, covenants, or restrictions that could affect future development? Is the property located within a flood or bushfire-prone zone? Are there any ongoing or planned nearby construction projects that could impact privacy or views? What are the council rates and any additional levies applicable to this land? Has the land been surveyed recently to confirm boundaries and dimensions? Are there any existing environmental or heritage overlays affecting the site? Is the property compliant with all local planning and building regulations? What is the history of the land regarding previous uses or contamination?

Price guide

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