Back 1&2/89 Ormond Esplanade
Off Market

1&2/89 Ormond Esplanade

Elwood VIC 3184

5
3
2
462 m²
House
Last sold for $2,500,000
Moh HabibMoh Habib, last sold this property on 24 September 2025 after 330 days on market.

Overview

c.1920's Gem - Across 2 Titles On 462sqm - Being Sold As One

A truly rare and exciting opportunity awaits on Elwood's exclusive Golden Mile beachfront-opposite Elwood Foreshore and just steps from the vibrant Ormond Road Village. This c.1920's gem, split across two titles on a substantial landholding of 462sqm (approx.), is being sold as one, offering endless potential for the visionary buyer. The top-floor residence boasts stunning bay views, expansive living areas, and four bedrooms across two levels, while the lower-floor unit enjoys the privacy of a front garden and patio, complete with two bedrooms and two bathrooms. With laneway access to a double garage, this property presents a golden opportunity for revival or a complete transformation into an incredible new home site. Whether you seek to restore its original grandeur, create a state-of-the-art family home, or explore development potential (STCA), the possibilities are as substantial and impressive as the location itself. Walk across the road to beautiful Elwood Beach, kilometers of Bay Trails, and foreshore reserves, or stroll around the corner to renowned Elwood Village boutiques, eateries, and bars. Perfectly positioned near Elwood Park and the Foreshore, this address also offers proximity to Elsternwick Park, Brighton's esteemed private schools, and easy transport links. Disclaimer: All information provided, including floorplans, room dimensions, and land size, is indicative only and intended for general guidance. Belle Property does not guarantee the accuracy or completeness of any plans, illustrations, or representations shown in marketing materials. We recommend that all prospective buyers conduct their own research, seek independent advice, and confirm all details independently prior to making any property-related decisions. Belle Property accepts no responsibility for any discrepancies or misstatem

Features

5 bedrooms
3 bathrooms
2 carspaces
462 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Elwood over the last 12 months, the estimated median property value of 1&2/89 Ormond Esplanade is $2.65m.

Median value
$2.65m
Estimated value range
$2m - $6.5m
Median days on market
112
Estimated value trend
-52%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Elwood. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1&2/89 Ormond Esplanade

2025
Sold
$2,500,000
Private Sale/Treaty on 24 Sep 2025 by Moh Habib, of Belle Property St Kilda

Happy sellers in Elwood

75%
75% of sellers in Elwood reported that their sale price either exceeded or met their price expectations.

Elwood stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 84 reviews in Elwood over the last 12 months.

Local market activity for 5 bedroom houses in Elwood

In the last 12 months, 8 five-bedroom houses similar to 1&2/89 Ormond Esplanade, have been sold.

This represents a 50% decrease in five-bedroom houses sales when compared to the previous 12 months.

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