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Back 44 Observation Drive
Off Market

44 Observation Drive

Rye VIC 3941

5
3
2
766 m²
House
Last sold for $1,287,500
Ben NutbeanBen Nutbean, last sold this property on 21 April 2026 after 40 days on market.

Overview

Elevated Family Entertainer Views Space & Privacy Just Minutes From the Heart of Rye

Positioned in a peaceful elevated setting in Rye, this impressive tri-level family home delivers outstanding space, privacy, and versatility, complemented by leafy treetop views and multiple undercover entertaining zones. Designed for growing families and effortless entertaining, the home offers five generous bedrooms (three with built in robes & two with walk in robes), three bathrooms, and three expansive living areas spread across its large floor plan. Polished Victorian Ash hardwood timber floors flow throughout the interiors, enhancing the warmth and quality of the home, whilst the king-sized primary suite provides a private retreat with walk-in robe and ensuite. The main bathroom features a relaxing spa complete with head rests and pressure jets. Entertaining is a standout feature, with a huge lower-level entertaining room complete with a pool table, wet bar and spacious TV area perfect for watching sport or family movie nights. A unique servery window which opens out onto the large undercover alfresco offers an added layer of convenience when entertaining and serves as an indoor/outdoor bar. A second undercover deck upstairs captures peaceful treetop views, creating the perfect spaces for year-round alfresco gatherings. Outside, a flat rear yard provides space for kids and pets, while the property also features a huge double garage, dedicated caravan parking, and additional space for boat or trailer storage. A further highlight of this magnificent property is the traditional hot stone sauna, offering the luxury of at-home wellness with benefits including relaxation, improved circulation, and muscle recovery. Additional features include ducted heating, evaporative cooling and ducted vacuum for year-round comfort and convenience. A substantial home in a fantastic location, this property offers the perfect combination of space, lifestyle, and entertaining appeal, just moments from the pristine beaches, breathtaking coastline and convenient amenities of Rye. Property Features Include: - Huge five-bedroom, three-bathroom tri-level family home. - Elevated tree top views. - Upper and lower level decked undercover alfresco. - Level rear yard. - Polished Victorian Ash hardwood flooring throughout. - Three spacious living areas. - Huge ground floor entertaining space featuring pool table, wet bar and an at home traditional hot stone sauna. - Ducted heating. - Evaporative cooling. - Ducted vacuum. - Double remote lock up garage plus additional caravan and trailer accommodation. - Located close to Rye Village and foreshore. *All distances and measurements are approximate only.

Features

5 bedrooms
3 bathrooms
2 carspaces
766 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Rye over the last 12 months, the estimated median property value of 44 Observation Drive is $1.37m.

Median value
$1.37m
Estimated value range
$835k - $3.35m
Median days on market
81
Estimated value trend
43%
increase 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 44 Observation Drive

2026
Sold
$1,287,500
Private Sale/Treaty on 21 Apr 2026 by Ben Nutbean, of YPA Real Estate Agents Rye
2011
Sold
Undisclosed
Private Sale/Treaty on 11 Jul 2011

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 69 reviews in Rye over the last 12 months.

Local market activity for 5 bedroom houses in Rye

In the last 12 months, 22 five-bedroom houses similar to 44 Observation Drive, have been sold.

This represents a 21% increase in five-bedroom houses sales when compared to the previous 12 months.

Nearby agents

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Michael Prentice

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Sam Crowder

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Toni Katsivelas

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Michael Christodoulou

Sellers who recommend Michael Christodoulou have praised them for being local expert, clear communication, honest, responsive, reliable, supportive and friendly

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