33A Kilburn Grove Mount Martha VIC 3934

Old Mount Martha | South Beach 450m | vaulted split-level | native garden courtyards | 3 living zones | 820sqm coastal block The property’s competitive strength lies in its rare combination of architectural quality and immediate coastal access within Old Mount Martha. The vaulted ceilings, split-level zoning, and three distinct living spaces create a layout that suits both family life and entertaining, while the three decks and tiled courtyard with citrus trees extend living outdoors. For a buyer seeking a low-maintenance luxury home in a tightly held beachside precinct, this house offers a configuration that is difficult to replicate. The 820sqm lot with only 30% building coverage and established native landscaping provides privacy and a sense of space often missing in newer coastal builds. This property best serves a professional couple or family who values design, walkability to South Beach and the village, and wants a home that functions well for both daily life and weekend retreats. The primary risk is the price expectation relative to the 2022 purchase and the current estimated value midpoint. The listing range sits above the estimated value, meaning a buyer should negotiate firmly toward the lower end or below to avoid overpaying for recent renovations that may not fully translate to resale premium in a flat market. The bushfire overlay adds a due diligence cost for insurance and any future modifications, though no flood or heritage constraints apply. The commercial logic is straightforward: this is a hold-and-enjoy property in a location with enduring demand, not a short-term flip. Use it as a primary residence or a high-end holiday home, and expect steady capital growth tied to the scarcity of Old Mount Martha land.