Back 5 Sanctuary Drive
Off Market

5 Sanctuary Drive

Cowes VIC 3922

700 m²
Land
Last sold for $580,000
Greg PriceGreg Price, last sold this property on 11 December 2025 after 778 days on market.

Overview

READY FOR YOUR DREAM HOME

First time offered, this big allotment opposite the lake at Shearwater was kept by the farmer when they sold the land for development. Big blocks like this are now almost impossible to find. 20 metres wide and over 34 metres deep, (approx. 700m2) facing north, this level allotment will excite any builder that you take your plans to. The Phillip Island Golf course is an easy 3-iron drive away and Silverleaves beach is a short, level stroll for you and the family. You really won't get a better location. Don't miss this! Disclaimer: Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.

Features

700 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Cowes over the last 12 months, the estimated median property value of 5 Sanctuary Drive is $392.5k.

Median value
$392.5k
Estimated value range
$309k - $580k
Median days on market
206
Estimated value trend
-11%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Cowes. 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 Sanctuary Drive

2025
Sold
$580,000
Private Sale/Treaty on 11 Dec 2025 by Greg Price, of Alex Scott & Staff - Phillip Island

Happy sellers in Cowes

71%
71% of sellers in Cowes reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 27 reviews in Cowes over the last 12 months.

Local market activity for land plots in Cowes

In the last 12 months, 13 land plots similar to 5 Sanctuary Drive, have been sold.

This represents a 14% increase in land plots sales when compared to the previous 12 months.

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