72 Observation Drive

Off Market

72 Observation Drive

Rye VIC 3941

752 m²

House

Last sold for $1,300,000

Darren Sadler, last sold this property on 16 September 2026 after 106 days on market.

Overview

SPRING SALE | BREATHTAKING BAY VIEWS

Elevated in one of Rye's most prestigious, tightly held heights, 72 Observation Drive is a premier Spring opportunity. If you have been searching for a substantial, modern coastal retreat with genuine multi-family capability and panoramic blue-water views, this is your destination. Crafted for lifestyle entertaining and effortless flexibility, this expansive 5-bedroom, 3-bathroom residence blends architectural light with premium coastal luxury. The Upper Level: Light, Views & Entertaining. - Panoramic Bay Vistas : Open-plan living zones framed by floor-to-ceiling glass capturing sweeping bay views. - Seamless Flow : Transition effortlessly from the premium indoor living spaces out to expansive decking. - Resort Living : Relax on the deck or by the sparkling pool, backdropped by an outstanding Peninsula outlook. The Lower Level: Ultimate Versatility & Dual-Occupancy - Self-Contained : A substantial downstairs zone featuring independent living quarters. - Flexible Layout : Ideal for extended families, hosting dual holiday groups, a teenage retreat or prime guest stays. - Future Potential : Ample space and a brilliant layout configured to easily accommodate future modifications or a garage conversion down the track. - The Location : Positioned just moments from Rye's vibrant cafes, pristine front and back beaches, world-class golf courses and hot springs. Opportunities of this scale, footprint and view calibre are exceptionally rare at a this price point. Secure your inspection ahead of the peak Spring rush.

Features

5 bedrooms

3 bathrooms

2 carspaces

752 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 72 Observation Drive is $1.3m.

Median value

$1.3m

Estimated value range

$830k - $3.35m

Median days on market

Estimated value trend

16%

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 72 Observation Drive

2026

Sold

$1,300,000

Private Sale/Treaty on 16 Sep 2026 by Darren Sadler, of Woodards Peninsula

2025

Rented

Undisclosed

Leased on 02 Jun 2025 by Woodards Peninsula

Happy sellers in Rye

82%

82% 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 55 reviews in Rye over the last 12 months.

Local market activity for 5 bedroom houses in Rye

In the last 12 months, 23 five-bedroom houses similar to 72 Observation Drive, have been sold.

This represents a 29% increase in five-bedroom houses sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Rye for a free market appraisal.

Sam Crowder

at Crowders Real Estate - Rye

4.9

(446 reviews)

Get a free market appraisal

Michael Prentice

at Prentice Real Estate Rye

4.9

(278 reviews)

Get a free market appraisal

Michael Christodoulou

at Prentice Real Estate Rye

4.9

(227 reviews)

Get a free market appraisal

Cameron Gulliford

at RT Edgar Rye

4.9

(119 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Rye

Sam Crowder

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

4.9 (446 reviews)
21 Reviews in Rye
21 Sales in Rye

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Michael Prentice

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

4.9 (278 reviews)
20 Reviews in Rye
24 Sales in Rye

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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