648-764 Gisborne-Melton Road, Toolern Vale, VIC 3337 | Rural for sale | OnTheHouse
 
FOR SALE
$2,500,000 - $2,750,000

648-764 Gisborne-Melton Road
Toolern Vale VIC 3337

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 132ac
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A Once in a Generation 132-Acre Lifestyle Sanctuary with Sweeping Panoramic Views

Positioned within the picturesque foothills of the Macedon Ranges on approximately 132 acres of Rural Conservation Zoned land, this extraordinary lifestyle property on Gisborne Melton Road offers a rare combination of scale, privacy and panoramic views stretching all the way to the Melbourne CBD and Port Phillip Bay on a clear day.
Elevated vantage points across the property create a truly unique outlook in every direction, delivering an ever changing backdrop of rolling countryside by day and city lights by night. The setting is peaceful, private and incredibly hard to replicate this close to both Gisborne and Melton.
The land is well set up for equine and lifestyle use, featuring established horse enclosures, open grazing areas, 2 dams, and a fully operational horse agistment business already in place, offering immediate income potential and ongoing use flexibility.
Within the holding, there are three existing dwellings, including a one bedroom bungalow and an additional three bedroom house. These provide on site accommodation and functional utility, with clear scope for renovation, replacement or reimagining to suit future lifestyle or business requirements (STCA). Septic systems and water tanks servicing the dwellings
What truly defines this property, however, is the land itself, its scale, elevation and outlook.
Opportunities of this size and proximity to key regional centres are increasingly rare, particularly with uninterrupted views and usable lifestyle infrastructure already established.
Whether you are seeking a premium lifestyle estate, equine retreat, land banking opportunity or a long-term vision project, this is a property that offers genuine flexibility and exceptional potential in a tightly held location.
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Property Details for 648-764 Gisborne-Melton Rd, Toolern Vale

Building Type
Rural
Land Size
132ac
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About Toolern Vale 3337

The size of Toolern Vale is approximately 96.4 square kilometres. There is 1 park, covering nearly 6.7% of the total area. The population of Toolern Vale in 2016 was 724 people. By 2021 the population was 818 showing a population growth of 13.0% in the area during that time. The predominant age group in Toolern Vale is 60-69 years. Households in Toolern Vale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Toolern Vale work in a trades occupation.In 2021, 86.10% of the homes in Toolern Vale were owner-occupied compared with 87.00% in 2016.

Toolern Vale has 398 properties. Over the last 5 years, Houses in Toolern Vale have seen a 18.22% increase in median value. As at 31 July 2026:

  • The median value for Houses in Toolern Vale is $949,078 while the median value for Units is $664,891.
There are currently 14 properties listed for sale, and no properties listed for rent in Toolern vale on OnTheHouse. According to Cotality's data, 9 properties were sold in the past 12 months in Toolern vale.

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Chris Williams
Ray White - Melton
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