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Lifestyle Communities Phillip Island, Land Lease Community, Cowes

498 Settlement Road Cowes, VIC, 3922

7

Available

  • $699,000

  • 3
  • 1
  • 2

Lifestyle communities Phillip Island - Effortless living with a touch of opulence

This remarkable three-bedroom home makes a lasting impression with a large wrap-around deck to welcome you home. Step inside to find a functional second bedroom with stunning street views to one side and the master bedroom with an impressive walk-in robe to the other. At the end of the hallway, you'll arrive in the dynamic living, dining and kitchen area, which opens onto the alfresco with a sliding door, allowing the spaces to flow freely into one another. You'll feel like the head chef in your well-appointed kitchen, showcasing a stone island bench, stainless steel appliances, a generous walk-in pantry and a servery window to the alfresco. And for when you're hosting guests overnight, a third bedroom with a built-in robe sits within the central part of the home. Sweet dreams!

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  • $599,000

  • 2
  • 1
  • 1

Lifestyle Communities Phillip Island - Spaces to relish and moments to cherish

Walking into this home, you're greeted by the modern master bedroom with a large walk-in robe and double vanity bathroom. The open-plan living, dining and kitchen area is at the heart of the home with a stone bench island and walk-in pantry. You'll have plenty of space with a multi-purpose room and rear alfresco for the perfect balance between indoor and outdoor living.

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  • $820,000

  • 3
  • 3
  • 2

Lifestyle Communities Phillip Island - A home that goes above and beyond

Showcasing three impressive bedrooms, study, state-of-the-art kitchen complete with a servery window, combined butler's pantry and laundry, and an ultimate alfresco with a built-in barbeque, the Abbott has it all. If you're looking for a home that pulls out all the stops and more look no further than the Abbott. Featuring a street-facing master bedroom with an expansive walk-in-robe, deluxe double vanity ensuite and a built-in dressing table, you'll awake to your personal slice of paradise every morning. Beyond the peaceful study, an expansive open plan living, dining and kitchen area unfolds, offering a versatile space to suit your lifestyle. Prepare to be awe-struck by the combined walk-in pantry and laundry zone, tucked intelligently behind the kitchen, as well as a servery window that makes outdoor entertaining completely effortless. Outside, the ultimate alfresco experience awaits, with a beautiful outdoor barbecue with fridge. The two generous guest bedrooms feature built-in robes and share a stylish ensuite for complete comfort and convenience. Your guests will love your home just as much as you do!

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  • $830,000

  • 3
  • 2
  • 2

Lifestyle Communities Phillip Island - Where space and style meet

The immaculate Watson is what dreams are made of - and where dreams are made. At the centre of the home, you'll find its heart - the kitchen. And what a kitchen it is. Complete with a stone island bench, impressive appliances and a walk-in pantry worthy of Gordon Ramsay himself. In true entertaining style, the kitchen seamlessly connects with the bright dining and living space. Open the sliding glass doors to the expansive central alfresco, beautifully appointed with an outdoor barbecue with fridge. The tasteful master bedroom stars an immense walk-in robe with built-in dressing table and an opulent ensuite with a double vanity and two shower heads. For maximum privacy, two additional large bedrooms are positioned at the back of the home, accompanied by a stylish bathroom. The guest bedroom that connects with the alfresco can also double as a multi-purpose space, with a built-in robe and dressing table or study nook for total versatility.

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  • $610,000 - $630,000

  • 2
  • 1
  • 1

Lifestyle Communities Phillip Island - The Marley – Relaxed Living Starts Here!

Step into holiday mode with the Marley — a thoughtfully designed two-bedroom home at Lifestyle Communities Phillip Island. At the heart of the home, the open-plan kitchen, dining, and living area creates a welcoming space to relax or entertain. The modern kitchen features a central island bench and generous pantry, flowing seamlessly to the outdoor alfresco area – perfect for quiet morning coffees! Other features include: • Automatic blinds to alfresco • Stone island bench and a walk-through pantry in the kitchen • Double vanity in the bathroom • Powder-room • Artificial grass for easy upkeep

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  • $625,000 - $645,000

  • 2
  • 1
  • 2

Lifestyle Communities Phillip Island - Light filled living with year round alfresco appeal

Meet The Lyell, a thoughtfully designed home that blends modern comfort with effortless functionality, ideal for those who value space, light and seamless living. This open plan 2 bedroom, 2 bathroom home with a single garage is cleverly designed to maximise every square metre. At the centre of the home is a generous kitchen with ample bench space and storage, perfect for everyday living and entertaining. A walk through pantry connects directly to the laundry, creating a practical flow that keeps things running smoothly behind the scenes. The living area is warm and inviting, featuring a charming window seat, the perfect spot to relax with a book or enjoy the natural light. Double sliding doors open to an enclosed alfresco that doubles as a sunroom, offering a versatile space to enjoy year‑round. At the front of the home, a stylish awning enhances street appeal while providing functional shade and improved energy efficiency.

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House

498 Settlement Road, Cowes, Cowes VIC 3922

  • $677,500

  • 2
  • 1
  • 2.5

Love every inch of the Lyell

This stylish and spacious two-bedroom home has it all.

A guest bedroom complete with a built-in robe and beautiful street views greets you as you enter.

The open plan living, dining and kitchen zone is complemented by big windows and glass sliding doors to the central alfresco, flooding the space with natural light. Special features such as a window seat and a spacious walk-through pantry that flows into the laundry, make this space fantastically functional.

The large master bedroom sits peacefully at the rear of the home, complemented by a generous walk-in robe and opulent ensuite with a double vanity.

However you choose to spend your time in the Lyell, you'll love every moment.

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Property Overview

Snapshot

Number of Dwellings 256
Type of Dwellings Low-Rise Development
Year Established 2023
Minimum Dwelling Price $590,000.00

Location

Property Features

Recreational Facilities

  • Cinema
  • Outdoor pool
  • Community centre
  • Gymnasium
  • BBQ area/s
  • Library
  • Spa (indoor, heated)
  • Workshop
  • Indoor heated pool
  • Residents lounge
  • Community kitchen
  • Billiards room
  • Computer room

Amenities

  • Walk to shops
  • Village bus
  • Storage for boat / caravans
  • High-speed broadband
  • Walk to transport

Pet Policy

  • Pets Allowed

Garages / Carports

  • 1 Car Garage
  • 2 Car Garage

Independence

  • Direct Garage Access
  • Secure Estate

Management

  • On-site manager
  • Residents committee

Accommodation Type

  • Over 55s Development
  • Retirement Village

Contractual Arrangements

  • Buy
  • Land Lease

About this Property

Lifestyle Communities Phillip Island

The Community

Get ready to relive the summer holidays every day at Lifestyle Communities Phillip Island. Just 350 metres down the road, you’ll find Cowes Beach, inviting you to slow down and enjoy more me-time. It’s the perfect spot to enjoy a hot coffee on a cold morning, walking along the beach. It doesn’t get much better than that.

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Lifestyle Communities

The Operator

Lifestyle Communities: Locations, Costs, Lifestyle & Reviews 

Last updated: June 2026 
Reviewed by Villages.com.au team 

Lifestyle Communities operates over-50s land lease communities across Victoria, offering affordable home ownership, site fees and lifestyle amenities in managed communities. We will cover Lifestyle Communities locations, land lease living, costs, amenities and key considerations, helping you compare Lifestyle Communities on villages.com.au and decide whether land lease living suits your retirement plans. 

About Lifestyle Communities 

Lifestyle Communities creates affordable communities designed for over-50s homeowners seeking a more active and connected way of living. 

The villages.com.au operator page describes Lifestyle Communities as focused on honesty, transparency, trust, respect, mateship, security and vibrant community living. 

Lifestyle Communities should be described as an over-50s land lease community operator, not as a residential aged care provider. 

Lifestyle Communities Locations 

Lifestyle Communities listings on villages.com.au are concentrated in Victoria, including Melbourne growth areas, regional centres and coastal lifestyle locations. 

Region 

Example Locations 

Living Options 

Melbourne metro and growth areas 

Cranbourne East, Tarneit, Wollert, Chelsea Heights, Officer, Clyde North 

Over-50s land lease villas and homes 

Regional / coastal Victoria 

Warragul, Hastings, Shepparton, Cowes, Phillip Island, Bellarine, Geelong, Ocean Grove 

Land lease communities and lifestyle homes 

Availability, home prices and amenities vary by community, so it’s best to should check individual villages.com.au listings before enquiring. 

Living Options at Lifestyle Communities 

Lifestyle Communities primarily offers land lease communities for people aged over 50. 

In a land lease community, residents generally own the home and lease the land or site it sits on, rather than buying the underlying land. 

Living Option 

Best For 

Notes 

Land lease homes 

Over-50s buyers wanting home ownership in a managed community 

Core Lifestyle Communities model 

Villas and houses 

Downsizers wanting lower-maintenance living with shared facilities 

Common in villages.com.au listings 

Over-55s developments 

People wanting active lifestyle living and community connection 

Listed across many Lifestyle Communities properties 

Lifestyle Communities is not a residential aged care provider; its focus is independent land lease lifestyle living. 

What Does It Cost to Live in a Lifestyle Community? 

Costs depend on the home, location, site agreement, site fees and current availability. 

Villages.com.au listings show a range of Lifestyle Communities prices, including homes in Cranbourne East, Warragul, Hastings, Tarneit, Shepparton, Wollert and Phillip Island. 

Cost Type 

What It Means 

What to Check 

Home purchase price 

The upfront cost to buy the home 

Current listing price, bedrooms and inclusions 

Site fees 

Regular payments for leasing the land/site 

Amount, inclusions and future increases 

Utilities and personal costs 

Power, water, internet, insurance and household costs 

Which costs are separate from site fees 

Exit and resale terms 

Rules when selling or leaving 

Resale process, capital gains and contract conditions 

Buyers should confirm site fees, resale rules and any exit or administration costs before signing, and seek independent legal and financial advice. 

Lifestyle & Amenities 

Lifestyle Communities are designed around activity, security, mateship and community connection. 

Villages.com.au listings mention features such as on-site managers, resident committees, front gate or lobby monitors, village buses, boat or caravan storage, high-speed broadband, walkable access to shops or transport, bars, vegetable gardens and pay TV in selected communities. 

  • Over-50s land lease lifestyle communities 

  • Victorian metro, regional and coastal locations 

  • Village buses and storage in many communities 

  • Resident committees and security features 

  • High-speed broadband in listed communities 

  • Social, active and lower-maintenance living 

View all villages and aged care facilities of Lifestyle Communities

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