23b McRae Avenue

Off Market

23b McRae Avenue

Cowes VIC 3922

417 m²

Land

Last sold for $408,000

Marcus Washington, last sold this property on 05 October 2026 after 145 days on market.

Overview

The Brief: Rare Coastal Land Opportunity in the Heart of Cowes

Its Addressed: 27B McCrae Avenue, Cowes presents an exceptional opportunity to secure a prime parcel of land in one of Phillip Island’s most sought-after locations. Set on approximately 417m², this rare vacant allotment offers the perfect canvas to build your dream coastal home in a peaceful and highly desirable setting. Positioned in a quiet court location, this block is the last remaining vacant allotment in the street, making it an incredibly unique opportunity for buyers looking to secure premium land close to the water. A standout feature of this property is the private walking track leading directly to Cowes’ stunning north-facing bay beach, allowing you to embrace the ultimate coastal lifestyle with morning walks, beach days and breathtaking sunsets only moments from your doorstep. The location also provides easy walking access to central Cowes, where you can enjoy cafés, restaurants, shopping, supermarkets and everything this vibrant seaside township has to offer. With the potential for bay views from a second-storey build (STCA), this block offers exciting possibilities to design and create the perfect home tailored to your lifestyle. Adding even more value, the property comes with approved plans through local builder Colden Homes. For more information regarding the plans and how the home was designed to sit on the block, please get in contact. Whether you are looking to build your forever home, holiday retreat or investment property, this is a rare chance to secure premium land in an iconic beachside location. An amazing opportunity in a prime position — build your dream home and enjoy the best of Phillip Island living. For more Real Estate in Cowes contact your Area Specialist. Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers/tenants are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.

Features

417 m² lot size

Land

Estimated Value

Based on this property and similar land plots sold in Cowes over the last 12 months, the estimated median property value of 23b McRae Avenue is $382.5k.

Median value

$382.5k

Estimated value range

$215k - $600k

Median days on market

207

Estimated value trend

-11%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Cowes. 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 23b McRae Avenue

2026

Sold

$408,000

05 Oct 2026 by Marcus Washington, of Area Specialist Solutions

Happy sellers in Cowes

68%

68% 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 33 reviews in Cowes over the last 12 months.

Local market activity for land plots in Cowes

In the last 12 months, 23 land plots similar to 23b McRae Avenue, have been sold.

This represents a 14% increase in land plots sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Cowes for a free market appraisal.

Greg Davis

at Barry Plant - Phillip Island

4.9

(67 reviews)

Get a free market appraisal

Christie Spargo

at Barry Plant - Phillip Island

4.9

(41 reviews)

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Teresa Young

at Eview Group - Australia

4.8

(123 reviews)

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Leanne Poulton

at Eview Group - Australia

4.9

(65 reviews)

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Nearby agents

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

Greg Davis

Sellers who recommend Greg Davis have praised them for being local expert, clear communication, friendly, stress-free process, honest and patient

4.9 (67 reviews)
13 Reviews in Cowes
17 Sales in Cowes

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Christie Spargo

Sellers who recommend Christie Spargo have praised them for being local expert and clear communication

4.9 (41 reviews)
16 Reviews in Cowes
12 Sales in Cowes

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Teresa Young

Sellers who recommend Teresa Young have praised them for being clear communication, local expert, friendly, responsive, easy to work with, honest and pleasant