Back 137 The Terrace
Off Market

137 The Terrace

Ocean Grove VIC 3226

3
2
815 m²
House
Last sold for $1,550,000
Aaron JonesAaron Jones, last sold this property on 27 October 2025 after 213 days on market.

Overview

Endless Potential in the Heart of Old Ocean Grove

Positioned in one of Old Ocean Grove's most coveted locations, this north-facing 815sqm (approx.)allotment presents a rare and exciting opportunity just moments from the main street and onlymeters from the shoreline. Its elevated position offers sweeping ocean views over Bass Strait, creatingthe perfect setting for a dream family home where you can wake up to breathtaking coastal vistasevery day. Alternatively, developers will appreciate the potential for a premium townhouse project(STCA) in a high-demand location that seamlessly blends lifestyle and convenience. With the beach,boutique shopping, cafés, and essential amenities all within easy walking distance, this is anunmissable chance to secure a prime slice of Ocean Grove's vibrant coastal community.

Features

3 bedrooms
2 bathrooms
815 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Ocean Grove over the last 12 months, the estimated median property value of 137 The Terrace is $845k.

Median value
$845k
Estimated value range
$695k - $1.55m
Median days on market
47
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Ocean Grove. 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 137 The Terrace

2025
Sold
$1,550,000
Private Sale/Treaty on 27 Oct 2025 by Aaron Jones, of RT Edgar Bellarine
2024
Sold
$1,825,000
18 Feb 2024 by Ben Roberts, of Bellarine Property
2022
Sold
$2,000,000
08 Dec 2022 by Andrew Kibbis, of Bellarine Property

Happy sellers in Ocean Grove

81%
81% of sellers in Ocean Grove reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 25 reviews in Ocean Grove over the last 12 months.

Local market activity for 3 bedroom houses in Ocean Grove

In the last 12 months, 102 three-bedroom houses similar to 137 The Terrace, have been sold.

This represents a 8% increase in three-bedroom houses sales when compared to the previous 12 months.

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