Back 365 Wallaces Road
Off Market

365 Wallaces Road

Dromana VIC 3936

202342.82 m²
Land
Stephen BasterStephen Baster, last sold this property on 16 July 2025 after 607 days on market.

Overview

Inspect by Appointment

Inspections are available by private appointment. Spanning approximately 50 acres in the heart of the Mornington Peninsula near Elgee Park , this multifaceted landholding presents one of Victoria's most unique prospects. A picturesque and relatively tranquil canvas for life offers a gentle rise and fall echoing with the sounds of local birdlife, with many frequenting the property's dams along the Bulldog Creek banks. There is ample space for building a dream home, as well as exploring potential ventures in agritourism, large-scale farming, or the cultivation of vineyards to fully capitalise on its expansive low-lying plains and maritime cool climate (STCA). Situated along Wallaces Road and Bulldog Creek Road, the property sits at the base of the hinterland, just a short drive from Dromana, Balnarring, and Mount Martha villages. Seize the 50 acres (approx.) on offer at this address.

Features

202342.82 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Dromana over the last 12 months, the estimated median property value of 365 Wallaces Road is $760k.

Median value
$760k
Estimated value range
$570k - $1.35m
Median days on market
49
Estimated value trend
21%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Dromana. 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 365 Wallaces Road

2025
Sold
Undisclosed
Private Sale/Treaty on 16 Jul 2025 by Stephen Baster, of Marshall White Flinders

Happy sellers in Dromana

67%
67% of sellers in Dromana reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 29 reviews in Dromana over the last 12 months.

Local market activity for land plots in Dromana

In the last 12 months, 9 land plots similar to 365 Wallaces Road, have been sold.

This represents a 40% decrease in land plots sales when compared to the previous 12 months.

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