48 Waterside Drive, Pakenham, VIC 3810 | Land for sale | OnTheHouse
 
FOR SALE
$500,000 - $530,000

48 Waterside Drive
Pakenham VIC 3810

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 542m2
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MAKE EVERY DAY A WATERSIDE ESCAPE

Rarely does an opportunity like this present itself. Positioned high and proud overlooking the lake, this exceptional 542m2 (approx) corner allotment is arguably the last remaining parcel in the sought after Cardinia Lakes Estate offering such spectacular, uninterrupted views.
Wake each morning to serene lake vistas and sweeping outlooks across the lakelands and beyond to Pakenham. This premium position provides the perfect canvas to design and build your dream home, maximising natural light, outlook, and lifestyle.
Why You'll Love It:
• Titled and ready to build - start planning immediately
• Generous approx 542m2 corner block with flexible design options
• Elevated position with stunning lake and Pakenham views
• Short stroll to Cardinia Lakes Shopping Centre
• Walking distance to Pakenham Primary School
• Surrounded by beautiful parks, walking tracks and open spaces
Enjoy the convenience of having shops, schools, and parklands just moments from your door, while still embracing the peaceful lakeside lifestyle this premium estate is known for.
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Property Details for 48 Waterside Dr, Pakenham

Building Type
Land
Land Size
542m2
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About Pakenham 3810

The size of Pakenham is approximately 85.9 square kilometres. There are 124 parks, covering nearly 5.8% of the total area. The population of Pakenham in 2016 was 46421 people. By 2021 the population was 54118 showing a population growth of 16.6% in the area during that time. The predominant age group in Pakenham is 30-39 years. Households in Pakenham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pakenham work in a trades occupation.In 2021, 65.00% of the homes in Pakenham were owner-occupied compared with 65.00% in 2016.

Pakenham has 27,944 properties. Over the last 5 years, Houses in Pakenham have seen a 21.51% increase in median value, while Units have seen a 24.18% increase. As at 30 June 2026:

  • The median value for Houses in Pakenham is $759,307 while the median value for Units is $543,054.
  • Houses have a median rent of $560 while Units have a median rent of $500.
There are currently 222 properties listed for sale, and 76 properties listed for rent in Pakenham on OnTheHouse. According to Cotality's data, 1399 properties were sold in the past 12 months in Pakenham.

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Gavin Staindl
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Leah Taylor
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Ray White Pakenham
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