1940 Mcivor Highway, Axedale, VIC 3551 sold on 13 June 2025 | OnTheHouse
SOLD
Sold on 13 Jun 2025 for $1,310,000

1940 Mcivor Highway
Axedale VIC 3551

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 227m2
Land area: 275383m2
Sold By
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Tweed Sutherland First National
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Property Details for 1940 Mcivor Hwy, Axedale

Building Type
Land
Year Built
1980
Floor Size
227m2
Land Size
275383m2
Local Government
Greater Bendigo
Lot/Plan
10/CS1619

Last Listing description (November 2025)

This unique land holding offers excellent lifestyle and/or commercial development opportunities STCA. The property, formerly known as the Arakoon Resort, has an area total of approx 77.905 acres. It includes a substantial mud brick homestead overlooking the lake and shaded by verandahs to all four sides. It comprises four generous bedrooms, a study, an updated bathroom, and open-style living, dining and kitchen areas showcasing soaring cedar-lined cathedral ceilings with light-adding clerestory windows and a stunning bluestone open fireplace taking centre stage.
The spacious country-style kitchen will appeal to keen cooking enthusiast with its electric induction cooktop and oven, a dishwasher, ample white cabinetry and a slate-topped breakfast bar for casual meals.
Added features include a split system a/c, LPG gas heating, store room and 3 x 5K gall water tanks.

The property has a large lake with an approx. 16-acre surface area & 200meg. capacity, smaller holding dams and a 26-meg Water Allocation. The lake has extensive catchment from the adjacent 10,000 acres of native bushland reserve.

The remaining resort infrastructure includes 60 powered sites, a 5-room mud-brick bunkhouse, a 3-phase power substation and a town water connection.

The home lot includes an approx. 1/2 acre vineyard planted with 26-year-old Shiraz vines. Fully irrigated, the vineyard yields around 50 to 75 dozen bottles each year.
Next to the vineyard is a massive 11m x 5m x 6m insulated shed on a concrete slab with four roller doors and power with water and toilet connected.

Enjoy walking or cycling to enjoy a coffee or meal in nearby Axedale via the O'Keefe Rail Trail as it passes the front of the property. Immerse yourself (and your guests) in the sights and sounds of the native wildlife in the adjacent bush habitat, or enjoy serene evenings observing the birdlife on the lake.
Whether you envision value-adding improvements or wish to maintain a relaxing lifestyle, this property is brimming with potential. Given its proximity to Axedale and substantial land size, it's an opportunity not to be missed.

Property History for 1940 Mcivor Hwy, Axedale, VIC 3551

A timeline of how this property has performed in the market
Last Sold
$1,310,000
13 Jun 2025
  • 13 Jun 2025
    Sold for $1,310,000
  • 16 Apr 2025
    Listed for Sale Not Disclosed
  • 18 Feb 2004
    Sold for $45,000
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About Axedale 3551

The size of Axedale is approximately 119.0 square kilometres. It has 5 parks covering nearly 15.4% of total area. The population of Axedale in 2016 was 802 people. By 2021 the population was 984 showing a population growth of 22.7% in the area during that time. The predominant age group in Axedale is 30-39 years. Households in Axedale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Axedale work in a professional occupation.In 2021, 91.50% of the homes in Axedale were owner-occupied compared with 86.90% in 2016.

Axedale has 571 properties. Over the last 5 years, Houses in Axedale have seen a 66.45% increase in median value, while Units have seen a 1.55% increase. As at 30 November 2025:

  • The median value for Houses in Axedale is $807,117 while the median value for Units is $483,935.
There are currently 5 properties listed for sale, and no properties listed for rent in Axedale on OnTheHouse. According to Cotality's data, 28 properties were sold in the past 12 months in Axedale.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.