40 Eagle Bay Terrace, Paynesville, VIC 3880 | House for sale | OnTheHouse
 
FOR SALE
$1,675,000

40 Eagle Bay Terrace
Paynesville VIC 3880

Bedrooms: 3
Bathrooms: 2
Car spaces: 5
Land area: 1399m2
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Beautifully Designed, Brilliantly Positioned. Can you picture it?

Some homes are designed around a view, and this is one of them. Set on a generous 1,400m² (approx.) allotment in Eagle Bay Terrace, this architecturally designed residence makes the most of its elevated position, with north-facing views across the Gippsland Lakes and a thoughtful design that brings together quality, comfort and an exceptional outdoor lifestyle.
Nine years on, the home retains a distinctly contemporary feel, with high-end finishes and carefully considered details throughout. Spotted gum timber flooring, high angled ceilings and a gas log fireplace give the main living area warmth and character, while the clever breezeway helps encourage cool airflow through the home. The designer kitchen is equally impressive, featuring Paynesville Cabinets, stone surfaces, soft-close cabinetry, premium appliances, a generous butler's pantry and a dedicated coffee nook.
Large bi-fold doors create an easy connection between the main living area and the expansive entertaining deck, where the north-facing outlook and swim spa provide an enviable setting for long lunches, evening drinks or simply unwinding at home. The accommodation includes three bedrooms, plus a separate study that offers the flexibility to be used as a fourth bedroom when needed. The master suite enjoys direct deck access and includes a large ensuite with floor-to-ceiling tiling, a freestanding bath and underfloor heating.
The thoughtful design continues beyond the main living spaces. Solar-passive principles, an 11kW solar system and a 6-star energy rating contribute to the home's efficiency, while reverse-cycle climate control and underfloor heating in the bathrooms provide year-round comfort. Ducted vacuum and security cameras add further convenience, without compromising the clean, considered feel of the home.
For those who value space for the practical side of life, the property delivers in spades. A substantial 7m x 7m double garage, extensive under-house storage and a dedicated workshop provide plenty of room for vehicles, hobbies and equipment. Side access leads through to a high-clearance carport, perfectly suited to a caravan or boat, while an 18,000-litre water tank and established gardens add further functionality to the expansive allotment.
With its architectural design, premium finishes, beautiful northern outlook and exceptional connection between the home and its surroundings, 40 Eagle Bay Terrace offers a level of quality and lifestyle that is difficult to replicate. A home to enjoy now, with the space, flexibility and setting to remain special for years to come.
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Property Details for 40 Eagle Bay Tce, Paynesville

40 Eagle Bay Tce, Paynesville is a 3 bedroom, 2 bathroom House with 5 parking spaces. The property has a land size of 1399m2. The place is currently for sale with OBRIEN REAL ESTATE BAIRNSDALE.

Building Type
House
Land Size
1399m2
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About Paynesville 3880

The size of Paynesville is approximately 7.0 square kilometres. There are 8 parks, covering nearly 3.7% of the total area. The population of Paynesville in 2016 was 3480 people. By 2021 the population was 3636 showing a population growth of 4.5% in the area during that time. The predominant age group in Paynesville is 70-79 years. Households in Paynesville are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Paynesville work in a professional occupation.In 2021, 76.30% of the homes in Paynesville were owner-occupied compared with 71.50% in 2016.

Paynesville has 3,383 properties. Over the last 5 years, Houses in Paynesville have seen a 15.22% increase in median value, while Units have seen a 17.36% increase. As at 31 August 2026:

  • The median value for Houses in Paynesville is $595,888 while the median value for Units is $387,576.
  • Houses have a median rent of $500 while Units have a median rent of $390.
There are currently 82 properties listed for sale, and 15 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 185 properties were sold in the past 12 months in Paynesville.

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Sean Sabell
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