With an off-auction price of $1.695 million, this Glen Isla Court home is less than The block houses where price is concerned. Located opposite the beach, this house spans not one but two separate dwellings, totaling four bedrooms, three bathrooms and four parking spaces between them, as well as a shared outdoor space bathed in sunlight. Each also has its own kitchen and living room and enjoys lush green views. This is an investment opportunity if we’ve ever seen one!

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Boasting direct beach access, storybook charm and a sizable 1,321 square meter plot, this Cowes home is hard to beat. Built in the 1870s, the interiors are full of whimsy in both formal and informal living spaces, including a library and a Juliet balcony from which one can glimpse the water. The property also offers a choice of choice for investors, spread across three accommodations: the main house, the Heritage Suite and the studio, which can be cordoned off if necessary.

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Aptly named “The Castle Villa by the Sea”, this large-scale property spans seven bedrooms, six bathrooms and seven parking spaces and offers endless possibilities: it previously served as a restaurant, wedding venue, art gallery and guest house. At $2.2 million, its “for sale” price sits slightly above The block properties, but we all know how high the bids can go on auction day – who could forget Steph and Gian’s 2023 construction? Boasting a seaside location and proximity to the shops of Cowes, this is definitely one to watch.

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Featuring four bedrooms, two bathrooms and a sprawling 2,475 square meter block, this architecturally designed home could offer The block properties get their money’s worth on auction day. Priced between $1.8 million and $1.98 million (as a sale price, not an auction price), those looking for something that will remain reliable around demand will likely be tempted. Located just minutes from Red Rocks Beach, the home offers the best of Phillip Island living.

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Once again offering a hard-to-beat location just a street from the beach, this ready-made accommodation presents a tempting opportunity for investors. Glen Isla House, as it is known, has eight bedrooms – six suites with their own bathroom and kitchenette, plus a self-contained two-bedroom cottage, which could be either a private residence or additional holiday accommodation. The asking price is $2.3 million and viewings are by appointment only.

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Built by a highly regarded local builder, this $2.7 million to $2.8 million five-bedroom home perfectly captures modern Australian design with its gray brick façade, simple single-level design and contemporary finishes. Although slightly further from the coastline, the house is set in a vast and peaceful wooded landscape and has been fitted with 32 solar panels for energy efficiency.

Take a look at realestate.com.au.