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35 Blue Waters Drive

Ocean Grove VIC 3226

3
1
2
605 m²
House
Currently for sale - view listing

Overview

Elevated Coastal Charm with Lake Views & Future Potential

Defined: Positioned high to capture uninterrupted outlooks across Blue Waters Lake and surrounding parkland, this beautifully renovated coastal cottage delivers immediate lifestyle appeal with exciting future flexibility. Framed by a peaceful, established setting on over 600sqm (approx.), the home embraces a relaxed indoor-outdoor flow while celebrating its picturesque vantage point from both the kitchen and balcony. Designed to maximise natural light and outlook, raked ceilings and expansive windows draw in the ever-changing landscape, while the open plan living domain connects seamlessly to a private entertaining deck—perfect for soaking in sunsets and watching birdlife drift across the water. With quality updates already complete and council-approved plans in place for a two-townhouse subdivision, the property offers a compelling opportunity for homeowners, investors or those looking to secure a blue-chip site with long-term upside. Considered: Kitchen: Refurbished and thoughtfully positioned to capture uninterrupted views across Blue Waters Lake, featuring quality appliances, stainless steel splashback, ample cabinetry and seamless connection to the living and dining domain. Open Plan Living/Dining: Light-filled central zone with timber flooring underfoot, raked ceilings, large windows framing the outlook, split-system heating and cooling, and direct access to the elevated entertaining deck. Outdoor Entertaining: Private balcony and deck area designed to embrace the stunning lake and parkland views, creating the perfect setting for relaxed afternoons and sunset entertaining. Bedrooms: Three well-proportioned bedrooms, two fitted with built-in robes, complemented by a flexible layout that comfortably accommodates family living, guests or a dedicated home office space Bathroom: Centrally positioned and renovated, complete with shower over bath, vanity, WC and wall heater for added comfort. Additional Living / Flex Space: Adaptable layout offering versatility for growing families, guests or work-from-home functionality. Outside: Established cottage-style and native gardens across the 600sqm (approx.) allotment, with multiple breakout zones for outdoor seating, complemented by a twin carport and garden shed for additional storage. Luxury Inclusions: Timber flooring, raked ceilings, split-system heating and cooling, additional WC, internal roller blinds throughout, updated kitchen and bathroom, new roof, and quality renovations already completed. Future Potential: Council-approved plans and permits for a two-lot townhouse development and subdivision offer added value and flexibility for the right buyer, without compromising the home’s immediate lifestyle appeal. Close By Facilities: Blue Waters Lake walking trails and parklands, Ocean Grove Primary School, local sporting facilities, Ocean Grove Marketplace, The Terrace shopping precinct, and pristine surf beaches just minutes away. Ideal For: First home buyers, holiday makers, investors or developers seeking a scenic coastal holding with immediate comfort and future upside.

Features

3 bedrooms
1 bathroom
2 carspaces
2 garage spaces
605 m² lot size
House

Property history for 35 Blue Waters Drive

2025
Rented
Undisclosed
Leased on 20 Mar 2025 by Bellarine Property
2020
Sold
$775,000
14 Dec 2020 by Zoe Le Page, of Bellarine Property

Happy sellers in Ocean Grove

80%
80% of sellers in Ocean Grove reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 26 reviews in Ocean Grove over the last 12 months.

Local market activity for 3 bedroom houses in Ocean Grove

In the last 12 months, 104 three-bedroom houses similar to 35 Blue Waters Drive, have been sold.

This represents a 9% increase in three-bedroom houses sales when compared to the previous 12 months.

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