Designer beachside entertainer metres from the beach and town

June 21, 2024 BY

Bellarine Property’s listing at 115 The Terrace, Ocean Grove not only offers a luxury beachside entertainer in a premium location, but also a potential rental income of $200,000 plus

Looking for the best of both worlds in Ocean Grove’s most sought-after residential street?

Bellarine Property’s listing at 115 The Terrace not only offers a luxury beachside entertainer in a premium location, but also a potential rental income of $200,000 plus.

Located in the heart of blue-chip Ocean Grove, leave the car at home and stroll to restaurants, cafes, shops and the beach.


Being offered fully furnished, the property presents an outstanding turnkey opportunity to take advantage of short-term luxury holiday rental demand, or to simply move straight in and start enjoying the designer finishes and the very best the Bellarine has to offer.

The property is defined by its inspired design, grand-scale living and resort-style entertaining and this exquisite architectural abode presents an unrivalled lifestyle on the doorstep of the Ocean Grove beach and town centre.


Soaring across two superbly appointed levels with an elevated ocean outlook, the home rests atop a prime lot of approximately 815sqm highlighted by several outdoor entertaining zones.

Underpinned by premium finishes throughout, this remarkable residence is an ideal option for large or multigenerational families having been expertly designed to accommodate dual or even triple living.


Bellarine Property’s Dan Halsey said this was a stunning blue-chip opportunity where you can just walk in and it is ready to go.

“You could receive a generous rental income immediately being fully furnished or you could make this your own private oasis.

“The more you explore this property, the more you see just how much effort has gone into making this such an exceptional residence, both inside and out, this property boasts luxury and refinement.


“With five bedrooms and multiple living options, this outstanding home close to the beach and town offers a myriad of opportunity.

“The owners have said that they love that it’s the ideal combination of space, luxury and location that makes this a unique home.

“They also love the views of the ocean which are complemented by a leisurely walk to the beach and shops; everything is within easy reach.”


A great earner with a potential high end holiday rental return of approximately $200,000 per annum with further year on year increases would come from luxury stays and corporate events, plus your own holiday getaway throughout the year.

The home presents a luxurious family sanctuary, meticulously designed to embrace modern living and effortless functionality.

The residence pairs quality finishes throughout with sprawling dimensions all awash in superb natural light. Two-storey layout is expertly configured for multigenerational living and comfortably sleeps 10 plus people.

Upper level is highlighted by an open plan living hub of grand proportions rarely seen, oriented to capture a sweeping coastal outlook. You can take in the views from the granite kitchen, fitted with 900mm freestanding oven, F&P dishwasher and generous walk-in butlers pantry.

The elevated balcony is the perfect spot for soaking up the views all year round. There is an impressive theatre room where you can enjoy your own gold class experience complete with 82inch Samsung Cinema TV, Yamaha surround sound and luxury designer seating for 10. Ample in-built storage accommodates every gamer’s requirements.

Nearby, discover the sumptuous master suite appointed with huge walk in robe, automated block out blind, ensuite with double walk-around shower and private balcony.

Downstairs there are three further bedrooms, the largest with water views and they all have spacious built in robes and are zoned alongside the enormous family bathroom and separate powder room.

Continuing the well-designed layout, a generous home office with garden and pool views could easily function as a fifth bedroom.The adjoining lounge, stone kitchen and dining area is perfectly equipped for effortless entertaining and you can grab a drop from your under-stair cellar, with wine storage for 480 bottles.

A solar and gas heated inground saltwater pool and spa offers the option of year-round usage. The freestanding pool house comes complete with its own kitchen, evaporative cooling and separate private bathroom.

There is ample off-street parking with automated DLUG and automated drive-through access for additional vehicles.

This highly sought-after location in the Ocean Grove growth zone allows for additional third level addition if required.

Offered fully furnished with professionally styled interiors, this is a rare turnkey opportunity of the highest calibre.

For more information, phone Dan Halsey on 0493 776 724.

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