(Access via Ellis Track)
Welcoming you to this prestigious family estate nestled in the peaceful Yarra Valley township of Gladysdale. You will be greeted by the sweeping tree lined driveway guiding you to the main residence, truly taking your breath away.
Exquisitely private and immaculately presented with all the characteristics of a tranquil weatherboard home, you are invited into a formal entrance with high ceilings, setting the calming theme for the home. Encompassing a large study or library at the front of the home with an external door perfect for working from home.
Drawing you further into the home, you will find yourself nestled in the sunlit kitchen with Miele induction cooktop, Miele electric oven, dishwasher, spacious pantry, and generous island bench with double sink overlooking the meals zone connected perfectly for indoor entertaining with guests. A further elegant formal lounge and meals zone with a mood setting fireplace, elegant cornices and generous proportions completes the living zones.
Parents are pampered with their own wing, encompassing a generous master suite with natural light, walk-in robe and updated ensuite with walk-in shower, top quality fittings, vanity with storage, toilet and a beautiful feature window overlooking the landscaped gardens.
The further bedrooms are all well-proportioned with built-in robes and a central bathroom with a separate shower, bath, vanity with storage and mirror wall. Further adding to the home's impressive dimensions you will find the comforts of ceiling fans, solar panels, some double glazed windows and hydronic heating. An impressive wrap-around verandah to embrace the scenic Little Yarra River and a beautiful hand paved Castlemaine Slate outdoor zone well connected off the kitchen for entertaining.
A rarity to the region, the property features two extra buildings with a variety of potentials. The cottage nestled privately from the main residence features a tranquil escape for guests, airBnB or multi-generational living equipped with an open plan kitchen, meals and living zone, spacious bedroom, bathroom, outdoor laundry, double glazing windows and two fireplaces. There is also a charming and multi-use self-contained studio with an open plan layout, timber feature ceiling, equipped with a kitchenette and a separate bathroom with shower, vanity with storage and toilet.
The property has been developed using organic principles for over 30 years. Making your way around the enchanted grounds, you will be impressed to find a wide variety of established and emerging trees. Stately oaks, liquid ambers, elms and rhododendrons frame many rare exotic and native specimens. Water is assured by a 4ML gravity fed dam, a bore and pumping rights from the Little Yarra River; along with the usual rain water tanks. There is a well-established orchard featuring a range of common and rarer fruit trees. The vegetable beds feature magnificent, productive soil, making this a lifestyle property to dream of. Then of course you can make your way down to the enchanting Little Yarra River with its magnificent Manna gums that borders one side of the property; another border being State Forest. Privacy is assured. There is a workshop shed with power and water accompanied with front and rear roller doors, plus two double carports.
Featured in media outlets such as Country Style magazine and multiple documentaries such as The Connection, this home is a rare opportunity for a slice of Yarra Valley paradise for a tranquil escape, income accommodation, equine use, livestock grazing or simply to enjoy, the opportunities are endless for 40 McMasters Road. Moments from Shirley Heights Equine Centre & Gladysdale Primary School with a short drive to Upper Yarra Secondary College, Yarra Junction amenities with shops, cafes, restaurants and public transport.
The size of Gladysdale is approximately 23.9 square kilometres. It has 3 parks covering nearly 5.2% of total area. The population of Gladysdale in 2016 was 444 people. By 2021 the population was 423 showing a population decline of 4.7% in the area during that time. The predominant age group in Gladysdale is 50-59 years. Households in Gladysdale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gladysdale work in a trades occupation.In 2021, 86.60% of the homes in Gladysdale were owner-occupied compared with 89.00% in 2016.
Gladysdale has 216 properties. Over the last 5 years, Houses in Gladysdale have seen a 5.48% increase in median value, while Units have seen a -4.40% decrease. As at 30 November 2025:
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