719 Casterton Road, Penola, SA 5277 | Land for sale | OnTheHouse
 
FOR SALE
$475,000

Lot 101/719 Casterton Road
Penola SA 5277

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Bathrooms: -
Car spaces: -
Land area: 10ha
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A Rare Lifestyle Opportunity on 10 Hectares

An incredible balance of space, privacy, and countryside elegance awaits with this exceptional 10-hectare allotment.
Currently in the final stages of subdivision, this property offers a rare blank canvas for those ready to turn a grand vision into reality.
Framed by majestic mature gum trees and defined by the quiet beauty of the local landscape, the parcel provides an unrivaled setting to build a forever home (STCA).
Whether your plans centre around a sprawling custom estate, a thriving hobby farm, or simply enjoying the uninterrupted tranquility of rural living, the foundation is already set.
The land features high-quality sandy loam soils, ideally suited to a broad range of agricultural or horticultural ideas.
While currently planted to Cabernet Sauvignon, the vendor will remove the vines at their own expense prior to settlement, giving you total freedom to shape the land as you see fit.
Electricity will be connected to the allotment, and bitumised road frontage ensures smooth, effortless access to your future front gate. A Water License is also available by negotiation should your plans require it.
Despite its exceptional privacy, you are situated just minutes from the vibrant heart of Penola and the world-renowned Coonawarra region - placing charming cafes, historic streets, excellent schools, and legendary vineyards right on your doorstep.
Properties offering this scale, prime soil, and proximity to town are increasingly difficult to secure.
Claim your own slice of South Australia's premier country landscape and start designing the lifestyle you've always imagined.
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Property Details for Lot 101/719 Casterton Rd, Penola

Building Type
Land
Land Size
10ha
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About Penola 5277

The size of Penola is approximately 252.5 square kilometres. There are 14 parks, covering nearly 11.5% of the total area. The population of Penola in 2016 was 1592 people. By 2021 the population was 1622 showing a population growth of 1.9% in the area during that time. The predominant age group in Penola is 50-59 years. Households in Penola are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Penola work in a managers occupation.In 2021, 72.60% of the homes in Penola were owner-occupied compared with 67.40% in 2016.

Penola has 1,250 properties. Over the last 5 years, Houses in Penola have seen a 116.24% increase in median value, while Units have seen a 86.98% increase. As at 31 August 2026:

  • The median value for Houses in Penola is $461,198 while the median value for Units is $356,381.
  • Houses have a median rent of $260.
There are currently 14 properties listed for sale, and no properties listed for rent in Penola on OnTheHouse. According to Cotality's data, 49 properties were sold in the past 12 months in Penola.

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Tahlia Gabrielli
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Georgia Bryden
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Ray White Mt Gambier
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