Back 151/48 Settlement Road
Off Market

151/48 Settlement Road

Cowes VIC 3922

3
2
1
0 m²
Retirement
Last sold for $515,000
Camille MorrisCamille Morris, last sold this property on 19 March 2026 after 288 days on market.

Overview

Freestanding Home in Over-50s Palm Lake Resort

Discover a rare opportunity to secure a freestanding home within the highly sought-after Palm Lake Resort Phillip Island, exclusively for over-50s living. This well-designed residence offers three bedrooms (or two plus a second living area/home office), a main bathroom and private ensuite, all crafted for comfortable and independent living. Enjoy the benefits of a north-facing balcony that spans the length of the home—perfect for morning coffee or relaxing afternoons. With a view to a putting green, gardens and communal BBQ area, it's one of the best! The open-plan kitchen, living, and dining area is ideal for entertaining, while ample storage throughout ensures everything has its place. Step outside to your private rear yard with an undercover alfresco deck, ideal for year-round outdoor living. The oversized single garage also provides additional space for storage or a great area for your hobbies. Palm Lake Resort Phillip Island is more than just a place to live—it's a lifestyle. Residents enjoy access to facilities including: Indoor heated pool (kept at 32°C year-round) Indoor bowls area Barbecue area for social evenings A Grand Hall with: Movie theatre Grand piano Dance floor Huge games room (table tennis, pool, and billiards) Onsite gym with personal trainer options A range of wellness and social activities including: Yoga, line dancing, chair-based exercise, and mild aerobics Library and computer room with broadband internet Elegant dining room with one complimentary meal per week for every resident Need to entertain? The dining room is also available for private functions with family and friends. Plus, the resort is pet-friendly, so your furry companion is welcome too. This is more than a home—it's a vibrant community where every day offers something new. Don't miss this rare opportunity. Contact Camille Morris today to organize an inspection.

Features

3 bedrooms
2 bathrooms
1 carspace
1 garage space
0 m² floor area
Retirement

Estimated Value

We need at least 3 similar 3 bedroom retirement properties sold in Cowes over the last 12 months.

Property history for 151/48 Settlement Road

2026
Sold
$515,000
19 Mar 2026 by Camille Morris, of Stockdale & Leggo - Phillip Island | San Remo

Happy sellers in Cowes

71%
71% of sellers in Cowes reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 27 reviews in Cowes over the last 12 months.

Local market activity for 3 bedroom retirement properties in Cowes

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