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Off Market

2/31 Olympic Parade

Dromana VIC 3936

3
2
2
House
Last sold for $905,000
Adam AlexanderAdam Alexander, last sold this property on 02 September 2026 after 42 days on market.

Overview

Bay views, close to shops, modern, potential rental income estimated at $850 per week

Showcasing sophisticated design, premium finishes and effortless indoor-outdoor living, this impressive dual-level residence offers a low-maintenance lifestyle in one of Dromana's most convenient locations. Just moments from Boundary Road cafés and shops, Dromana Hub, stunning beaches and easy freeway access, it presents an outstanding opportunity to enjoy the very best of the Mornington Peninsula. The thoughtfully designed floorplan places three generous bedrooms and a second living area on the ground floor, including a luxurious main suite with bi-fold doors opening to a private timber deck and a beautifully appointed ensuite. The additional lounge flows seamlessly to a landscaped courtyard complete with a feature brick fireplace, creating the perfect space for year-round entertaining. Upstairs, expansive open-plan living and dining is bathed in natural light and extends through stacker doors to a covered balcony capturing picturesque views across the bay to Arthurs Seat. At the heart of the home, the designer stone kitchen is appointed with premium SMEG appliances, abundant storage and a large island bench, while a generous home office or optional fourth bedroom and powder room add further flexibility. Finished to an exceptional standard throughout with Tasmanian oak flooring, polished concrete, hydronic heating, reverse-cycle air conditioning, rainwater tanks and a remote double garage with internal access, this beautifully presented home combines style, comfort and practicality in an enviable coastal setting. Close to many amenities and lifestyle highlights, walk to Hillview Community Reserve, new playground, bike pump track, walking trails, world class downhill mountain biking trails and Boundary Road Shops. History of great rental return of $850 per week. Disclaimer - All information provided is believed to be accurate at the time of publication; however, no warranty or representation is given as to its accuracy. Prospective purchasers should rely on their own enquiries and independent professional advice to verify all information relevant to their purchase.

Features

3 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Dromana over the last 12 months, the estimated median property value of 2/31 Olympic Parade is $850k.

Median value
$850k
Estimated value range
$595k - $2.2m
Median days on market
34
Estimated value trend
-9%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Dromana. 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 2/31 Olympic Parade

2026
Sold
$905,000
02 Sep 2026 by Adam Alexander, of The Agency Mornington Peninsula
2025
Rented
Undisclosed
Leased on 17 Mar 2025 by Exclusive Property Management
2024
Sold
$1,135,000
15 Jun 2024 by Adam Alexander, of Belle Property Dromana/Rosebud

Happy sellers in Dromana

53%
53% of sellers in Dromana reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 24 reviews in Dromana over the last 12 months.

Local market activity for 3 bedroom houses in Dromana

In the last 12 months, 70 three-bedroom houses similar to 2/31 Olympic Parade, have been sold.

This represents a 32% increase in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Dromana

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Steve Edmund

Sellers who recommend Steve Edmund have praised them for being clear communication, responsive, honest, reliable, local expert, friendly and supportive

  •   4.9   (86 reviews)
  •  10 Reviews in Dromana
  •  5 Sales in Dromana
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Tracey Hedin

Tracey Hedin is a recommended agent for Dromana.  They have 10 local sales and collected 11 local reviews across the last 12 months.

  •   4.9   (69 reviews)
  •  11 Reviews in Dromana
  •  10 Sales in Dromana
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Adam Alexander

Adam Alexander is an award winning recommended agent for Dromana.  They have 9 local sales and collected 7 local reviews across the last 12 months.

  •   4.9   (528 reviews)
  •  7 Reviews in Dromana
  •  9 Sales in Dromana
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Jarrod Eastwood

Sellers who recommend Jarrod Eastwood have praised them for being clear communication, local expert, responsive, friendly, honest, pleasant and supportive

  •   4.8   (314 reviews)
  •  5 Reviews in Dromana
  •  10 Sales in Dromana
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