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Back 3 Devon Avenue
Off Market

3 Devon Avenue

Cowes VIC 3922

3
1
1041 m²
House
Last sold for $820,000
Sam ClarkSam Clark, last sold this property on 13 April 2026 after 34 days on market.

Overview

Rare Development Opportunity on 1,041sqm (approx.)

Positioned in one of Cowes' most tightly held coastal pockets, this exceptional 1,041sqm (approx.) allotment presents an increasingly rare opportunity to secure a substantial parcel of land just moments from the shoreline. With a three-bedroom dwelling currently on site requiring demolition, the true value lies in the land itself-offering outstanding potential for redevelopment, investment, or the creation of a bespoke coastal residence or multi-dwelling project (STCA). The generous proportions of the block provide exceptional flexibility for future plans, with ample space to design and construct a premium new home, multiple townhouses, or a thoughtfully planned coastal development in keeping with the strong demand for quality properties in this sought-after location. Large allotments of this size, particularly so close to the beach, are becoming increasingly scarce, making this an outstanding opportunity for developers, builders, or buyers seeking to capitalise on the long-term growth and appeal of Phillip Island. The lifestyle on offer is equally compelling, with the pristine sands of Cowes beach less than a one-minute walk from your doorstep-perfect for morning walks, swimming, or enjoying the relaxed coastal atmosphere that makes this area so desirable. Thompson Avenue's vibrant shopping precinct is only a three-minute drive away, offering an array of cafés, restaurants, boutique shops, supermarkets and essential amenities, ensuring convenience while maintaining a peaceful beachside setting. Whether you are looking to develop, invest, or secure a premium landholding in a blue-chip coastal location, this is a truly rare offering combining size, position, and unlimited potential in one of Phillip Island's most sought-after areas. This property in Cowes is proudly for sale through Ray White Real Estate Phillip Island.

Features

3 bedrooms
1 bathroom
1041 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Cowes over the last 12 months, the estimated median property value of 3 Devon Avenue is $657.5k.

Median value
$657.5k
Estimated value range
$470k - $1.3m
Median days on market
83
Estimated value trend
1%
increase 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 3 Devon Avenue

2026
Sold
$820,000
13 Apr 2026 by Sam Clark, of Ray White Phillip Island

Happy sellers in Cowes

72%
72% 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 28 reviews in Cowes over the last 12 months.

Local market activity for 3 bedroom houses in Cowes

In the last 12 months, 94 three-bedroom houses similar to 3 Devon Avenue, have been sold.

This represents a 3% decrease 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 Cowes

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Greg Davis

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

  •   4.9   (61 reviews)
  •  10 Reviews in Cowes
  •  16 Sales in Cowes
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Christie Spargo

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

  •   4.9   (32 reviews)
  •  16 Reviews in Cowes
  •  10 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

  •   4.8   (116 reviews)
  •  5 Reviews in Cowes
  •  6 Sales in Cowes
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Jenni Kent

Sellers who recommend Jenni Kent have praised them for being local expert

  •   4.6   (19 reviews)
  •  3 Reviews in Cowes
  •  1 Sale in Cowes
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