74 Preston Street RYE - Residential for sale
For Sale

74 Preston Street, RYE, VIC 3941

  • 5Beds
  • 2Baths
  • 2Cars

Land Size721m2 (approx.)

$1,350,000 - $1,450,000
74 Preston StreetRYEVIC3941AU
Rachael Gallagher

Rachael Gallagher

Sales Consultant
Profile View Profile

Aloha Meets Character, Comfort & Coastal Charm

Tucked away in a quiet, leafy enclave between the breathtaking Tyrone Foreshore and the beloved 16th Beach, this immaculately presented east-facing coastal home is a rare find. Bathed in morning sun and set on a generous, flat 721sqm (approx.), it offers the space, flexibility and unhurried rhythm of true Peninsula living.

Positioned along the wide and well-regarded Preston Street, the home strikes an enviable balance, peaceful and private, yet only moments from local shops, cafés and the beach.

From the moment you arrive, the character of the property is immediately evident. A unique front fence crafted from reclaimed railway sleepers sets the tone for what lies beyond. Framed by a canopy of established tea-trees and moonahs, the home enjoys a wonderful sense of seclusion, while the thoughtfully landscaped grounds are dotted with mature fruit trees, lending a serene, almost storybook quality throughout.

Step inside to discover a home full of warmth and character. Rich spotted gum timber floors run underfoot, anchoring a generous and flexible layout that unfolds across five well-proportioned bedrooms, or four bedrooms plus a study. Each room is fitted with ceiling fans, bespoke barn doors and glass sliding doors that bring the outside in effortlessly.

At the heart of the home, the central living zone is bright and inviting, with bi-fold doors spilling out onto an expansive entertainer's deck. A servery window between the outdoor entertaining area and dining area adds a charming indoor-outdoor connection, ideal for lazy morning coffees or easy weekend gatherings.

The kitchen is well-equipped for both everyday living and entertaining, featuring a large granite island bench with built-in bar fridge, ample storage, gas cooking and an electric oven. Split-system heating and cooling in both the kitchen and main bedroom ensures comfort through every season.

The main bedroom is a genuine retreat, complete with a spacious walk-in wardrobe and a private ensuite showcasing a double shower and generous vanity. The main bathroom is equally impressive, with a classic cast iron bath, large vanity and separate shower. Clever storage solutions continue throughout, including a mezzanine level within the ceiling cavity, a practical bonus that keeps the home functional without compromise.

A lockable side entrance adds further flexibility, ideal for those working from home, running a small business, or looking to partially rent out a section of the home while maintaining privacy.

Outside, multiple alfresco areas are positioned to suit every mood, whether you're entertaining on the deck, finding a quiet corner of the garden, or picnicking beneath the fruit trees. The spacious backyard offers ample room for a future swimming pool (STCA), adding further lifestyle potential.

The wide driveway comfortably accommodates multiple vehicles, a boat, or a caravan, a practical bonus in a coastal setting. Further adding to its appeal, the property comes with plans for a substantial three-car garage and workshop (STCA), with water and power already connected and ready to go. The property has the flexibility to be connected to a bore water system with non-potable water lines already installed. The lifestyle continues with a hot and cold outdoor shower, perfect after a day at the beach.

Whether you're seeking a generous family home, a coastal holiday retreat, or a strong holiday rental, this is a property that truly delivers, versatile, beautifully maintained, and perfectly positioned in one of Rye's most tightly held pockets.

Homes like this don't come around often. Loved, lived in and ready for its next chapter.

On the radar

RYE - 3941

Our exclusive suburb guides will give you an up to date look at the current property trends across Melbourne & Regional Victorian suburbs. 

What’s my property worth?

With Melbourne house prices on the rise, knowing the true worth of your property is valuable information. Our customised reports include sales and rental history, suburb growth, and a break down of the area’s demographics. Best of all, our property reports are free.