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24 IRIS STREET, Dromana VIC 3936

24 IRIS STREET, Dromana VIC 3936

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$1,050,000

24 IRIS STREET, Dromana, VIC 3936

4

2

2

604m²

0m²

house

Map of 24 IRIS STREET, Dromana VIC 3936, Dromana, Victoria

Property Description

Listed on 10 Apr 2026

Positioned in one of Dromana's most desirable hillside locations, this beautifully renovated property presents an outstanding opportunity for investors seeking a high-performing holiday rental or Airbnb asset on the Mornington Peninsula. Set on a generous 604sqm (approx.) allotment, the home combines modern style, flexible accommodation, and breathtaking bay views-key ingredients for attracting year-round holidaymakers and maximising rental returns. Offering four spacious bedrooms, two contemporary bathrooms, and parking for up to three vehicles, the property comfortably accommodates families, groups, and weekend getaway guests. The light-filled upper level showcases sweeping views across the bay, creating a memorable coastal experience that guests actively seek when booking premium Peninsula accommodation. The home's fresh renovation means there's nothing to spend, allowing investors to immediately capitalise on the strong demand for short-stay accommodation in this highly sought-after beachside destination. Outside, the expansive backyard offers exciting opportunities to further enhance guest appeal. With ample space for a future pool, outdoor entertaining zone, or luxury lifestyle additions (STCA), there is significant potential to increase both occupancy rates and nightly returns. A substantial rear shed adds valuable flexibility for storage, recreation equipment, or future lifestyle enhancements. Located just minutes from Dromana's beaches, cafés, wineries, and Peninsula attractions, this is an investment that delivers both lifestyle appeal and strong income potential. Whether you're looking to expand your property portfolio, secure a premium holiday home with earning capacity, or enter the lucrative short-stay accommodation market, this exceptional property ticks all the boxes. A rare opportunity to secure a turnkey coastal investment with stunning bay views, future upside, and proven guest appeal in one of the Mornington Peninsula's most popular holiday destinations.

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Median house price trends

Comparing the price trend of houses in Dromana against the state of Victoria over the last 4 years. Source: CoreLogic

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Market activity

A snapshot of how quickly properties are selling in the area and how many are currently available.

46 Days

House median days on market

67 Days

Unit median days on market

193 Properties

Sold in last 12 months

69 Properties

Available in the last month

Dromana residents

Key characteristics of the residents in the area, view the full breakdown of the suburb here.

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Nearby education

Schooling and educational options in the area, for all ages.

Dromana Primary School

K - Yr 6

Government

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Dromana

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Mornington Peninsula

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Victoria

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Frequently asked questions

The property at 24 Iris Street includes 4 bedrooms, 2 bathrooms and parking for 2 cars.

The land size for 24 Iris Street in Dromana is approximately 604 square metres. This figure is useful for understanding the outdoor space, development potential and overall scale of the property.

24 Iris Street in Dromana, Victoria includes a range of local schools, shops, public transport options and community facilities that support day to day living.

The current listing status for the property at 24 Iris Street, Dromana is not available in our data at this time.

Contact the agent

OBrien Real Estate - Mornington

OBrien Real Estate - Mornington

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