17 Ti-Tree Grove Mornington VIC 3931

Luxury beachside residence | 4 bed, 3 bath, 717m² lot | Walking distance to bay | Large study or 5th bedroom This property presents a competitively strong offering as a low-density, land-rich family home in a premium coastal location. Its dual ensuites and flexible fifth space cater specifically to multi-generational or professional families seeking space and privacy. The lot size is a definitive asset in this walkable beachside setting, positioning it for long-term capital growth driven by land value and lifestyle demand. The primary risk is the inconsistent internal area metric, which necessitates verification of actual living space against council records. The absence of data on building condition, renovations, or specific orientation requires a detailed building inspection. This property is best acquired as a long-term family holding; its value proposition is fundamentally tied to land ownership in a tightly held grove. A Propcred report would precisely quantify its current market valuation and identify locality-specific risks for insurance and due diligence. The property sold for $1,200,000 in late 2018. Its current estimated value of $1,787,000 indicates a strong historical appreciation trajectory, averaging roughly 7% per annum. This performance underscores the underlying demand for sizable lots in this beachside location.