138 Mountain Bay Drive, Mountain Bay VIC 3723

138 Mountain Bay Drive, Mountain Bay VIC 3723
Large rural block | 3 bed, 2 bath, 8 car | Native bushland setting | Lifestyle buyer appeal | Price driven by land value This property’s strongest signal is its land. At roughly seven acres of native bushland, it sits well above the typical lot size even for a semi-rural suburb, which gives it a rare privacy and spatial advantage. The house itself is described as pristine, and with three bedrooms and two bathrooms it offers comfortable accommodation for a family or a couple seeking a tree-change. The eight parking spaces hint at a property that can handle vehicles, boats, or a workshop setup, which broadens its appeal to hobbyists or those wanting a weekender. The buyer best served here is someone prioritising space, seclusion, and a natural setting over urban convenience or walkability. The value of this property may be shaped more by its land than its dwelling, given the limited detail on the house’s age, finishes, or internal condition. A buyer should weigh the cost of maintaining a large bush block, including fire management and access, against the lifestyle benefit. The sale history shows a significant price shift since 2006, but the current market range reflects the scarcity of acreage parcels more than any specific house feature. Without confirmed building age or renovation history, the price should be assessed primarily on land comparables and the cost of any necessary upgrades to the home.
Detailed Independent Property Report prepared  by PropCred Analyst team for 138 Mountain Bay Drive, Mountain Bay VIC 3723
Checks found:
Value Risk
Liquidity Risk
Planning Risk 2
Income Risk
Execution Risk
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Market Insight

Mountain Bay is a tightly held, mature coastal enclave with a very low sales volume, indicating a stable but illiquid market. Demand is driven by established, older owner-occupiers seeking a settled lifestyle, reflected in the demographic profile. Recent house sales suggest a measured market pace, while the significant gap between local incomes and property values presents a clear affordability constraint for new entrants, limiting buyer diversity and future demand drivers.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

8

Land

2.87 ha

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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