149 The Terrace Terrace
Ocean Grove, VIC 3226

Positioned high on The Terrace, this substantial approximately 814 square meter allotment offers extraordinary outlooks across Port Phillip Heads, Point Lonsdale, the Barwon Heads Bluff, Lake Victoria, and the Begola wetlands. It represents an exceptional opportunity to secure a landmark coastal site in one of Ocean Grove’s most elevated and tightly held positions.

Primarily offered for its land value, the property presents a rare blank canvas for those looking to create something significant. The existing 1952 beach house has been cherished as a long-held holiday home and offers scope for buyers to renovate, reimagine, or explore a new vision for the site, allowing consideration of the full future potential of this remarkable address.

The location, elevation, and generous land size will appeal to buyers seeking a blue-chip base for a luxury new coastal residence. Developers will recognize the exciting scope to explore subdivision or multi-dwelling construction, supported by Residential Growth Zone planning provisions and potential building heights up to 10.5 metres, subject to council approval.

With its wide frontage and commanding position, the site invites a bold architectural response designed to maximize the ever-changing views and capture the full beauty of its coastal and wetland surrounds.

Whether planning a permanent sea-change, a luxury weekender, a landmark family residence, or a future development project, this is a rare chance to secure a significant landholding in the heart of Ocean Grove.

Within easy walking distance of the water’s edge, The Terrace shopping and dining precinct, schools, cafes, and everyday amenities, this is a blue-chip opportunity where lifestyle, land, and future potential come together in truly exceptional form.