42 Ozone Street

Dual accommodation with bay views in the heart of Rye

FOR SALE BY EXPRESSIONS OF INTEREST – OFFERS CLOSING AT 2.00PM MONDAY 8 SEPTEMBER 2025

A secret paradise with cosmopolitan-style delights, views of the bay and a position steps from the sand, this irresistible weatherboard beach house and self-contained guest apartment is a rare lifestyle offering 500m from the town’s heart and tranquil foreshore.

A rare “walk in – walk out” buying opportunity, the home comes fully furnished and ready to enjoy immediately as a coastal retreat, a joint holiday home or a ready-to-go short stay accommodation business with income potential, while the guest apartment also offers high appeal to those with elderly parents or extended family.

Completely hidden behind a long bitumen driveway sweeping up to the elevated home and extensive parking area, a tranquil garden fronts the home that enchants with authentic period charm nicely enhanced with stylish updates.

Behind a broad verandah, a lounge/dining area provides elegance and ambience with a high decorative ceiling, floorboards and gas fireplace, while an as-new kitchen has timeless modern appeal with stone benchtops, matte black Smeg 900mm stove, fleur-de-lys tiled splashback and a stainless-steel dishwasher.

Serviced by a stylish bathroom, three bedrooms include the main bedroom with a wall of robes and a beautiful garden outlook, the second bedroom has a Queen bed and dressing table, while a large third bedroom is well sized with bunks, study desk, cot and space for kids to lounge beside a doorway to a fenced rear courtyard garden.

With its own separate entry gate, the self-contained guest unit offers fabulous seaside stays featuring open plan living and dining with a beautiful outlook over undulating rear gardens and sweeping lawns with outdoor shower, a covered alfresco deck, full kitchen with Kleenmaid cooker and dishwasher, a bedroom and a combined bathroom/laundry.

With the beach, supermarket, restaurants, yacht club, school and pier all just a short walk away—and Peninsula Hot Springs, world-class golf courses, wineries and ocean beaches only minutes by car—this exceptional dual-living property offers a rare and versatile lifestyle or investment opportunity in one of the Mornington Peninsula’s most desirable coastal towns.

To be notified when inspections of this property are available, to be sent a copy of the Contract and advised of property updates, simply submit an enquiry on this page.

The Belle Property Southern Peninsula team is proud to be offering this property for sale. For further information, please contact Mal McInnes at the Blairgowrie Office on 0415 502 316 or mal.mcinnes@belleproperty.com

Disclaimer: Whilst every care has been taken in preparing the property information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.