Back 21 Valentine Street
Off Market

21 Valentine Street

Rye VIC 3941

2
1
3
627 m²
House
Last sold for $611,000
Shane FoxShane Fox, last sold this property on 23 January 2026 after 15 days on market.

Overview

Prime Project Opportunity

Unlock the Potential in Rye's Coveted Coastal Heart. Nestled in the highly sought-after seaside town of Rye on the stunning Mornington Peninsula, 21 Valentine Street presents an exceptional blank-canvas project for visionary builders, renovators, or developers. This property is currently home to an extremely run-down dwelling in need of complete renovation or demolition - offering primarily land value on a generous allotment perfectly positioned for your dream coastal creation. Imagine designing and building a luxurious modern family home, holiday retreat, or investment property in one of Victoria's most desirable beachside locations. Unbeatable Lifestyle Location: Proximity to Pristine Beaches: Just moments from Rye's famous Front Beach on Port Phillip Bay - ideal for safe family swimming, picnics, and leisurely walks along the foreshore - and a short drive to the dramatic surf of Rye Ocean Beach and nearby Gunnamatta for adrenaline-pumping waves. Local Attractions at Your Doorstep: Relax and rejuvenate at the world-renowned Peninsula Hot Springs (only minutes away), snorkel the underwater wonders of Rye Pier's Octopus's Garden, or explore the scenic Bay Trail and Mornington Peninsula National Park's clifftop walks. Golfers' Paradise: Tee off at the acclaimed The Dunes Golf Links right in Rye - a top-ranked public course set amid rolling sand dunes - with Moonah Links and other premium courses nearby in the famous 'Cups' region. Vibrant Cafes and Restaurants: Stroll to Rye's bustling Point Nepean Road, lined with charming cafes, ice creameries, fresh seafood spots, and acclaimed eateries like Steam Restaurant. Enjoy al fresco dining, local wines, and the relaxed peninsula vibe year-round. Rye is the ultimate blend of coastal charm and convenience - a popular holiday hotspot with strong growth potential, just 90 minutes from Melbourne. Properties in this quiet, family-friendly street rarely come available, especially with such prime positioning midway between bay and ocean beaches. This is your chance to secure a rare project site and transform it into something extraordinary. Don't miss out - enquire today!

Features

2 bedrooms
1 bathroom
3 carspaces
1 carport space
2 open car spaces
627 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Rye over the last 12 months, the estimated median property value of 21 Valentine Street is $767.5k.

Median value
$767.5k
Estimated value range
$611k - $1.15m
Median days on market
24
Estimated value trend
2%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Rye. 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 21 Valentine Street

2026
Sold
$611,000
Auction Sale on 23 Jan 2026 by Shane Fox, of Ray White Rosebud

Happy sellers in Rye

78%
78% of sellers in Rye reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 68 reviews in Rye over the last 12 months.

Local market activity for 2 bedroom houses in Rye

In the last 12 months, 14 two-bedroom houses similar to 21 Valentine Street, have been sold.

This represents a 35% increase in two-bedroom houses sales when compared to the previous 12 months.

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