Back 32 Observation Drive
Off Market

32 Observation Drive

Rye VIC 3941

767 m²
Land
Last sold for $430,000
Michael PrenticeMichael Prentice, last sold this property on 05 August 2025 after 92 days on market.

Overview

WELL LOCATED & WELL PRICED!

As the title says, ideally located just a leisurely 1km stroll to shops and beach, this vacant residential allotment of 767m2 (approx.) offering pleasant tree-top canopy and valley views is competitively priced as a great entry level buying opportunity to build your coastal residence or retreat. Level at front with gradual fall to the rear, it ideally lends itself to a split-level design with extensive decking and outdoor area to capture the tree-top view and enjoy the sunsets of an evening. Note: House next door at No. 30 has been sold. No. 32 is the adjoining Vacant Block we are offering for sale.

Features

767 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Rye over the last 12 months, the estimated median property value of 32 Observation Drive is $500k.

Median value
$500k
Estimated value range
$350k - $920k
Median days on market
98
Estimated value trend
-7%
decrease 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 32 Observation Drive

2025
Sold
$430,000
05 Aug 2025 by Michael Prentice, of Prentice Real Estate Rye

Happy sellers in Rye

79%
79% 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 71 reviews in Rye over the last 12 months.

Local market activity for land plots in Rye

In the last 12 months, 28 land plots similar to 32 Observation Drive, have been sold.

This represents a 55% decrease in land plots 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 Rye

or
Skip the list and find your ideal agent to sell your propertyFind My Agent
© 2026 RateMyAgent