Back 72 Observation Drive
Active

72 Observation Drive

Rye VIC 3941

5
3
2
752 m²
House
Currently for sale - view listing

Overview

Elevated Coastal Living with Bay Views

Elevated in one of Rye's most sought-after locations, this stunning modern residence delivers an exceptional coastal lifestyle with sweeping bay views, premium finishes and resort-style entertaining. Designed for effortless family living, the home showcases light-filled open-plan spaces that flow seamlessly to expansive outdoor entertaining areas, where a sparkling pool and panoramic outlook create the perfect setting for relaxation or hosting family and friends. Adding to its versatility, the property features a self-contained downstairs area, providing the ideal space for extended family accommodation, guest stays, independent living or potential dual-occupancy flexibility. Positioned moments from Rye's beaches, cafes, golf courses and local amenities, this is a rare opportunity to secure a contemporary coastal retreat that combines luxury, lifestyle and practicality in an outstanding Peninsula location. A home that captures the very best of coastal living, offering space, flexibility and breathtaking views in one of Rye's premier addresses.

Features

5 bedrooms
3 bathrooms
2 carspaces
752 m² lot size
House

Property history for 72 Observation Drive

2025
Rented
Undisclosed
Leased on 02 Jun 2025 by Woodards Peninsula

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 72 reviews in Rye over the last 12 months.

Local market activity for 5 bedroom houses in Rye

In the last 12 months, 24 five-bedroom houses similar to 72 Observation Drive, have been sold.

This represents a 27% increase in five-bedroom houses sales when compared to the previous 12 months.

© 2026 RateMyAgent