Mount Eliza: Is this beach 'burb a treasure trove ripe for the astute investor?

Where bushland kisses the shores of Port Phillip Bay, Mount Eliza shimmers as a coastal jewel on the Mornington Peninsula. Just an hour from the whirlwind of Melbourne, this village is a haven of seaside serenity, where the daily dash is on a paddleboard rather than in traffic, and the rat race becomes a distant memory.

Life here is as vibrant as the iconic bathing boxes that line its shores – brimming with colour and character. The local rhythm is set to a leisurely pace, whether soaking up the sun on sandy beaches, boutique browsing in the village, or brunching by the bay.

A pearl on the peninsula

Michelle Skoglund of Aqua Real Estate views the suburb as not just a place to throw down your anchor but a treasure trove ripe for the astute investor.

“With three yacht clubs gracing its foreshore and a vineyard-dotted hinterland just a short drive away, its appeal is undeniable,” says Skoglund. “The ‘golden mile’ above Daveys Bay Beach is where affluent buyers find their dream homes, with its large plots and stunning views of the Melbourne skyline.”

Elevate your living experience with our digital magazines

Browse Domain’s property and lifestyle magazines.

Read now

With the median house price now at $1.63 million – a 35.8 per cent increase over the past five years – Mount Eliza outshines its neighbours. This leap underscores the luxury of living with nature as your neighbour and the beach as your backyard.

“Thanks to its exceptional amenities like excellent schools and critical freeway access, Mount Eliza offers a lifestyle of convenience,” Skoglund says. “Its strategic location makes locales like Toorak, Bayside, and Portsea a mere 45-minute journey away.”

The magic of Mount Eliza

Charm is vividly illustrated through the life of Patricia Grimsley, who, along with her husband, purchased a sprawling property in the Woodlands estate in 1997.

“Our little paradise yields organic produce from our orchard, bees and chickens, and an abundance of blooms from our cutting garden, which I gather into posies for my roadside stall, a token of gratitude for passersby,” Grimsley shares. “There’s also our Gardener’s Loft – formerly a workshop for a dried flower business, now a quaint cottage for short stays, welcoming guests to collect fresh eggs, veggies, herbs, or flowers.”

Loft guests are treated to private use of their beloved beach box, offering front-row seats of Moondah Beach. When unoccupied, Grimsley can be found on its deck, enjoying fish and chips at sunset, with the odd sightings of dolphins.

“And then there’s my daily swim with the Mount Martha Sea Wolves, a group of inspiring women who embrace the invigorating power of the ocean,” adds Grimsley. “Each morning at 8am, our collective howl before diving in always cements my profound affection for this community.”

For sale in Mount Eliza

CONTACT AGENT

21 Watts Parade, Mount Eliza VIC 3930

5

4

5

View property

This French chateau-inspired residence is situated along the coveted “golden mile” and sits on expansive, magnificent grounds. It boasts grand spaces, including a provincial-style marble kitchen, a separate-wing main suite, travertine terraces, and a pool overlooking the bay.