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72 Observation Drive

Rye VIC 3941

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

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

Property history for 72 Observation Drive

2025
Rented
Undisclosed
Leased on 02 Jun 2025 by Woodards Peninsula

Happy sellers in Rye

80%
80% 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 62 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 26% increase in five-bedroom houses sales when compared to the previous 12 months.

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