11 Observation Drive, Rye VIC 3941

FOR SALE BY EXPRESSIONS OF INTEREST - OFFERS CLOSING AT 2.00PM TUESDAY 29 SEPTEMBER 2026

Set against a ready-made, lush leafy backdrop, this premium 717m² (approx.) vacant parcel presents an unmissable opportunity to craft your ultimate Peninsula escape.

Boasting approx. 16.8m of street frontage and an expansive 42.7m depth, gentle elevation to the rear creates the opportunity for a leafy second-storey outlook while an existing driveway offers effortless access, allowing you to move straight into designing a sleek contemporary masterpiece or a relaxed coastal retreat.

There is also the chance to purchase the house and land at the rear at 21 Locksley Rd and enjoy views of the bay on a total of 1449sqm.

Unlike typical bare blocks that take decades to establish, this property is already framed by mature trees delivering instant privacy and botanical charm from day one.

The lifestyle on offer here is second to none. Leave the car at home and start your day with a morning stroll along the Rye foreshore, grab a fresh coffee from a vibrant seaside café, spend afternoons teeing off at world-class golf courses or take in the rugged beauty of the back beach, then wind down in the evening sampling cool-climate wines from renowned local cellar doors.

Everyday convenience is equally effortless. Rye Primary School, Woolworths supermarket and popular dining spots are all within walking distance, while the city is just 90 minutes away. Ready to build on and exceptionally well-positioned, this is a rare chance to secure a dream coastal lifestyle without compromise.

To be sent a copy of the contract, advised of property updates and new listings, simply submit an enquiry on this page.

The Belle Property Southern Peninsula team is proud to be offering this property for sale. For further information, please contact Mal McInnes at the Blairgowrie Office on 0415 502 316 or [email protected]

Disclaimer: Whilst every care has been taken in preparing the property information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.