61 Iolanda Street Rye VIC 3941

| 3-bed elevated beach house | north-facing pool and deck | established garden and privacy | Rye coastal lifestyle | This property offers a rare combination of elevated positioning and north-facing outdoor living, with a pool and sun-drenched deck that are consistently in demand among buyers seeking a coastal retreat. The established bamboo hedging and lush garden create genuine privacy, a feature that commands a premium in Rye’s market. The 628m² block with 26% building coverage leaves room for future expansion or landscaping, and the bushfire overlay is manageable for most buyers. This house best suits owner-occupiers looking for a turnkey holiday home or permanent residence, rather than investors seeking high rental yield. The primary risk is the gap between the list price and the estimated value range, which suggests the seller may have aspirational pricing relative to recent sales history. The single bathroom is a limitation for families or groups, and may require renovation to match market expectations. However, the property’s configuration—north-facing pool, elevated deck, and established garden—is difficult to replicate in Rye, and the 2021 sale at $1,100,000 provides a clear floor for negotiation. Buyers should approach with a disciplined offer based on comparable sales and the cost of any bathroom upgrades, and hold as a long-term coastal lifestyle asset rather than a short-term flip.