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46 Lake Avenue, Ocean Grove, Vic 3226 For Sale

46 Lake Avenue, Ocean Grove, Vic 3226

$690,000 - $759,000

Residential Land
Type
600 m²
Area

Published on Monday, September 14, 2026 ( See property details for 46 Lake Avenue, Ocean Grove, Vic 3226)

$690,000 - $759,000

Aaron Jones - Real Estate Agent - RT Edgar Bellarine - Ocean Grove
Aaron Jones Director, Licensed Estate Agent
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Cait Merriman - Real Estate Agent - RT Edgar Bellarine - Ocean Grove
Cait Merriman Sales Consultant | Marketing
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  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare 600sqm corner block in Ocean Grove offering versatile building potential in a highly sought-after coastal location.

🏡 Property Highlights

  • Prime corner allotment with dual street access for flexible design options
  • Generous 36.57m frontage providing ample space for custom home build
  • Located in a well-established, tightly held coastal community
  • Close proximity to lake, parkland, walking paths, and open spaces
  • Short drive to Ocean Grove Primary School, town centre, and surf beach
  • Ideal for building a contemporary coastal home, retreat, or investment

✨ Key Features

  • Waterfront / Views
  • Open-Plan Living
  • Built in robes
  • Ensuite
  • Outdoor Area
  • Garage / Secure Parking
  • Pet-Friendly
  • Security Screens / Gates
  • Fly Screens
  • Water tank

Ocean Grove is a highly desirable coastal suburb renowned for its relaxed lifestyle, beautiful beaches, and scenic parks. It offers excellent amenities, a strong community feel, and easy access to outdoor activities. The area features a mix of established and architecturally designed homes, making it perfect for families, retirees, and investors seeking a peaceful yet vibrant environment.

What types of homes can I build on this corner block?
You can design and build a range of homes, including single or double-storey residences, subject to council approval (STCA).
Is the land suitable for a coastal lifestyle?
Yes, the land's location near lakes, parks, and the surf beach makes it ideal for a relaxed coastal lifestyle.
Are there any restrictions on building height or design?
Building restrictions are subject to local council regulations and planning permits, which should be confirmed during the development process.
What amenities are nearby?
The property is close to Ocean Grove Primary School, the town centre, Barwon River, and the surf beach, providing convenient access to amenities and outdoor activities.
Is the land suitable for investment purposes?
Yes, the location and size make it a strong candidate for long-term investment or a permanent coastal residence.
Are there any existing easements, covenants, or planning restrictions on the land that could affect development? Has the land been tested for soil stability and drainage suitability for building? Are there any nearby construction or development plans that could impact the property’s value or lifestyle? What are the council rates and any additional costs associated with building on this land? Is the land prone to flooding or bushfire risks, and what mitigation measures are recommended? Are there any zoning restrictions or future planning overlays that could limit development options? Has the land been surveyed recently to confirm boundaries and frontage measurements? Are there any existing services (water, electricity, sewer) connected or available at the site? What is the process and timeline for obtaining building permits and approvals? Are there any community or strata fees applicable if building a multi-residential or shared property?

46 Lake Avenue, Ocean Grove, Vic 3226 - More Details

$690,000 - $759,000

Set on the corner of Lake Avenue and Breaker Court, this 600sqm (approx.) allotment presents a rare opportunity to create a contemporary coastal home in a well-established and tightly held part of Ocean Grove.

The position offers an enviable lifestyle, with the lake, parkland and walking paths all close by, while Ocean Grove Primary School, the town center, Barwon River and surf beach are only a short drive away.

With a substantial 36.57m frontage to Breaker Court and dual street access, the site provides excellent flexibility for a range of home designs, whether single or double-story (STCA).

Surrounded by a mix of established and architecturally designed homes, the block offers a strong foundation for buyers looking to build a permanent residence, costal retreat or long-term investment in a highly regarded location.

The corner position, generous frontage and proximity to open space, create a sense of space and flexibility that is increasingly difficult to find in central Ocean Grove.

For buyers ready to design and build something of their own, this is a well-positioned blank canvas in a lifestyle-rich setting close to everything Ocean Grove has to offer.
Type
Residential Land
Area
600 m²

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