229 Coastal Boulevard Ocean Grove VIC 3226

4-bed family house | Coastal Boulevard Ocean Grove | 476m² level block | No overlays or restrictions This property occupies a rare position in Ocean Grove’s premium coastal strip, where the combination of a 476m² level lot, no bushfire, flood, or heritage overlays, and FTTP connectivity removes the most common friction points for a family buyer. The four-bedroom, two-bathroom configuration with double garage is the standard that commands the highest resale liquidity in this suburb. For a buyer seeking a turnkey family home in a 95% owner-occupied street with strong school catchment access, the property offers an unusually clean entry point into a tightly held address. It best suits a family with school-aged children or a downsizer who values low-risk, low-overlay land in a coastal setting. The primary risk is price ambiguity. The spread between the lower listing range and the higher property estimate is material, and the 2024 sale price is not disclosed in a way that anchors value. Without recent comparable sales on Coastal Boulevard beyond 240 Coastal Boulevard at $1,170,000, the buyer must rely on a building and pest inspection to identify any deferred maintenance that would justify the higher end of the range. The opportunity lies in the absence of overlays and the 476m² lot, which gives the buyer optionality to extend or reconfigure without council complexity. Hold this property as a long-term family home; its land-to-improvement ratio and street profile support steady capital growth in a constrained coastal market.