Ocean Grove luxury new build notches biggest sale in two years

A luxury new build overlooking the sea in Ocean Grove has notched up the town’s biggest sale in two years.

The five-bedroom, four-bathroom house at 57 The Terrace sold to local buyers for just shy of the $4.2m top asking price.

High-end builder Michael Leake constructed the solid concrete home featuring timber and copper cladding, European oak floors and natural marble.

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57 The Terrace, Ocean Grove, has an engineered slab and solid concrete walls for thermal mass and acoustic privacy.

Enjoy a poolside ocean view.

Set on an elevated north-facing block with views over the Barwon Heads Bluff, it features a resort-style swimming pool and a four-car garage.

Bellarine Property, Barwon Heads, listing agent Toby Lee said the result was both a testament to the build quality and an indication Ocean Grove’s market was starting to shift.

“It’s been a bit of slower moving market for the past two years but I think that since from about July we have really started to see it take off,” he said.

Mr Lee said the buyers were upgrading and got in ahead of two other local parties who weren’t in a position to purchase immediately.

The exterior features curved copper cladding.

The kitchen has a suite of Miele appliances including steam and conventional ovens and an induction cooktop with gas-ready option.

An open fireplace creates a cosy gathering space in the main living room.

He said the feel of the house, which “took your breathe away every single time”, resonated with everyone who inspected it.

“I don’t think I have seen a better build quality from Mike – he really put everything into it,” he said.

“I have been doing this for over 10 years and it’s easily one of the best homes I’ve been through in terms of construction.

“As soon as you walk through the front door it was such a comfortable home, with warm spaces, high ceilings and just this beautiful feeling, everyone who came through said the same thing.”

A lift provides easy access to the garage, with electric car charging station, and a studio apartment.

The weatherboard walls are a nod to the town’s classic beach houses.

ML Constructions worked with Splinter Society architect Chris Stanley and interiors expert Rebecca Boykett on the design to maximise garden views from every room.

The main living area is a showstopper, with floor-to-ceiling windows framing expansive ocean vistas and stacker sliding doors onto a sheltered deck overlooking the pool and private garden.

Mr Lee said the property was in a sought-after central location just a few doors down from Ocean Grove’s town centre and a short walk to both the main beach and Barwon River.

The last sale to top $4.2m in Ocean Grove was in October 2023, when another new luxury build at 14 Newcomb St sold for $5.425m.

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