Back 125 Marine Parade
Off Market

125 Marine Parade

San Remo VIC 3925

1374 m²
Land
Last sold for $1,300,000
Kristina WaltersKristina Walters, last sold this property on 13 November 2025 after 52 days on market.

Overview

Unique Commercial Development Opportunity on San Remo's Foreshore

Positioned in one of San Remo's most prestigious waterfront locations, 125 Marine Parade presents a rare opportunity to secure a substantial approx. 1,374sqm allotment with unrivalled development potential. Zoned Commercial 1, this premium site offers exceptional scope for developers and investors. A building permit issued in 2025 allows for a mixed-use project comprising two ground-floor retail shops, 14 apartments, and dedicated car parking. Commanding uninterrupted views across Western Port Bay, this allotment represents one of the last chances to deliver a major project in San Remo's tightly held foreshore precinct. Key Highlights: - Substantial allotment of approx. 1,374sqm with rear lane access - Prime foreshore position with panoramic bay views - Zoned Commercial 1 – offering flexibility for future development (STCA) - Current 2025 building permit for two retail shops, four apartments, and carpark - Located in the heart of San Remo with surrounding cafés, shops, and heavy foot traffic - Rare opportunity to create a landmark development in a high-growth coastal hub With steady tourism, ongoing regional growth, and increasing demand for mixed-use projects, 125 Marine Parade presents a solid opportunity to develop a well-located site on the Bass Coast.

Features

1374 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in San Remo over the last 12 months, the estimated median property value of 125 Marine Parade is $435k.

Median value
$435k
Estimated value range
$245k - $1.3m
Median days on market
389
Estimated value trend
8%
increase over the last 12 months
Average days on market is based on recent, comparable sales in San Remo. 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 125 Marine Parade

2025
Sold
$1,300,000
13 Nov 2025 by Kristina Walters, of Barry Plant - Phillip Island
2022
Sold
Undisclosed
Private Sale/Treaty on 01 Feb 2022 by Simon Sheldy, of 1st Choice Estate Agency - San Remo

Happy sellers in San Remo

<50%
Less than 50% of sellers in San Remo reported that their sale price either exceeded or met their price expectations.

San Remo stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in San Remo over the last 12 months.

Local market activity for land plots in San Remo

In the last 12 months, 16 land plots similar to 125 Marine Parade, have been sold.

This represents a 33% decrease in land plots sales when compared to the previous 12 months.

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