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Coastal Lifestyle & Investment Potential | 40 Diamond Drive Ocean Reef
Set in the sought-after coastal suburb of Ocean Reef, this five-bedroom, three-bathroom residence offers a rare opportunity for families or investors looking for flexibility, space, and ocean views. With a versatile floorplan that includes a separate studio complete with its own entrance and secure lockable access to the main home, this property caters perfectly to multigenerational living, extended family, guests, or rental income potential.
From its elevated position, the home captures beautiful ocean vistas and the refreshing sea breeze. The interior provides ample living space, while the studio option adds adaptability for modern lifestyles. Outside, the large shed with side access offers parking for a boat, caravan, or trailer, ensuring there is plenty of room for all the toys.
Location is everything, and this address delivers. Just moments away is the highly anticipated Ocean Reef Marina development, a $200 million transformation set to create a vibrant waterfront precinct of dining, retail, and lifestyle attractions. Adding to the appeal is the soon-to-be-completed Sunset Plaza, bringing with it a Coles supermarket, Revo gym, and a rooftop bar by the creators of the Hillarys Beach Club. Together, these projects are set to position Ocean Reef as one of Perth's premier coastal destinations and enhance long-term growth potential.
The property is also conveniently close to local schools, parks, shopping precincts, restaurants, cafés, and Perth's world-class beaches, making it the ideal combination of lifestyle and convenience. Whether you're seeking a spacious family home, a dual-living solution, or a smart coastal investment, 40 Diamond Drive Ocean Reef is an address not to be missed.
Disclaimer: This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy, and interested parties should place no reliance on it and should make their own independent inquiries.
Property features
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Garages
2
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Toilets
3
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Floor area
221m2
Property snapshot by reiwa.com
This property at 40 Diamond Drive, Ocean Reef is a five bedroom, three bathroom house sold by Kathy & Steve Team at Harcourts Alliance on 03 Sep 2025.
Looking to buy a similar property in the area? View other five bedroom properties for sale in Ocean Reef or see other recently sold properties in Ocean Reef.
Cost breakdown
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Water rates: $1,851 / year
Nearby schools
Ocean Reef overview
As its namesake would suggest, Ocean Reef is a coastal suburb. Bound to the west by the Indian Ocean, the outer-northern suburbs five square kilometre land area is dominated by homes and parkland. Ocean Reef's history of establishment is relatively recent with its primary development occurring in the 1980s. Growth continued until the 1990s and has remained relatively stable ever since.
Life in Ocean Reef
Walkways, parks and the beach enable Ocean Reef's enviable and relaxed lifestyle with plenty of public open spaces further contributing to this. The Beaumaris City Shopping Centre and Ocean Reef Shopping Centre meet the retail and amenity requirements of locals, and there is also a local boat harbour. There are three local primary schools and two local high schools within Ocean Reef.
Ocean Reef quick stats
High end
$1.8m
Median
$1.5m
Low end
$1.3m
13.0 %
Annual growth
$1.5m
Annual median sales price
$990pw
Annual median rental price
