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Back 5/108 The Terrace
Off Market

5/108 The Terrace

Ocean Grove VIC 3226

2
2
1
Apartment
Brock GraingerBrock Grainger, last sold this property on 06 January 2026 after 208 days on market.

Overview

Coastal Living at Its Finest Just 400m from the Beach

A Note from the Agent "Opportunities in Ocean Grove don't get any better than this. A modern, architecturally designed apartment in one of the towns most coveted addresses The Terrace. Step outside and youré aprox 100m from the iconic OG foreshore, and only a short stroll to the main shopping strip. Given the location, design quality, views and lifestyle on offer, the value here is genuinely remarkable! A rare chance to secure premium OG living in a blue chip pocket at a level seldom seen" BG Offering a premium coastal lifestyle, this modern apartment is perfectly located just moments from the beach. Designed by the award-winning Jackson Clements Burrows Architects, the interiors feature high-end finishes and fixtures throughout. The chic colour palette creates a luxurious yet relaxed atmosphere, complemented by timber floorboards and wool carpet. The open-plan living, dining, and kitchen area serves as the heart of the home, with statement glass sliding doors opening onto two balconies. The eastern balcony captures elevated views towards the ocean and Point Lonsdale lighthouse, while the main balcony is perfect for enjoying evening drinks with friends. The fully integrated kitchen epitomizes contemporary elegance, featuring stone benchtops, ASKO cooking appliances, an ASKO integrated dishwasher, and a Fisher & Paykel integrated fridge/freezer. Two bedrooms exude style with built-in rattan robes (main with ensuite), while the bathroom and European laundry complete the layout. Terrazzo floor-to-ceiling tiling makes a stylish statement in both bathrooms, which showcase large showers and stone benchtops. Additional features include three split-system air conditioners, double-glazing, and a video intercom. The apartment complex offers lift access, and dedicated parking is provided for one vehicle. This dream location also places you a short walk from the local shopping precinct. Enjoy a lazy brunch after your morning surf or spend the afternoon browsing the boutiques. Public transport is footsteps away, while Ocean Grove Primary School is within close reach for young families. Easy access to the boat ramp, Barwon River, and Ocean Grove Golf Club further enhances the appeal. This blissful lifestyle is an ideal choice for professionals, downsizers, and holidaymakers alike.

Features

2 bedrooms
2 bathrooms
1 carspace
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Ocean Grove over the last 12 months, the estimated median property value of 5/108 The Terrace is $680k.

Median value
$680k
Estimated value range
$129k - $975k
Median days on market
109
Estimated value trend
11%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Ocean Grove. 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 5/108 The Terrace

2026
Sold
Undisclosed
Private Sale/Treaty on 06 Jan 2026 by Brock Grainger, of RT Edgar Bellarine
2022
Rented
Undisclosed
Leased on 18 Apr 2022 by RT Edgar Bellarine

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 2 bedroom apartments in Ocean Grove

In the last 12 months, 12 two-bedroom apartments similar to 5/108 The Terrace, have been sold.

This represents a 116% decrease in two-bedroom apartments 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 Ocean Grove

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Harley Lewis

Harley Lewis is an award winning recommended agent for Ocean Grove.  They have 16 local sales and collected 9 local reviews across the last 12 months.

  •   5   (24 reviews)
  •  9 Reviews in Ocean Grove
  •  16 Sales in Ocean Grove
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Lynley Bassett

Lynley Bassett is a recommended agent for Ocean Grove.  They have 19 local sales and collected 8 local reviews across the last 12 months.

  •   4.9   (253 reviews)
  •  8 Reviews in Ocean Grove
  •  19 Sales in Ocean Grove
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Penny Dawson

Penny Dawson is an award winning recommended agent for Ocean Grove.  They have 15 local sales and collected 6 local reviews across the last 12 months.

  •   4.9   (157 reviews)
  •  6 Reviews in Ocean Grove
  •  15 Sales in Ocean Grove
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Hugh McKewan

Hugh McKewan is a recommended agent for Ocean Grove.  They have 16 local sales and collected 5 local reviews across the last 12 months.

  •   4.9   (143 reviews)
  •  5 Reviews in Ocean Grove
  •  16 Sales in Ocean Grove
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