197 Mount Cole Road, Mount Cole, VIC 3377 | Property Value & History | OnTheHouse
OFF MARKET

197 Mount Cole Road
Mount Cole VIC 3377

Bedrooms: 7
Bathrooms: 5
Car spaces: 3
Land area: 323749m2
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Property Details for 197 Mount Cole Rd, Mount Cole

197 Mount Cole Rd, Mount Cole is a 7 bedroom, 5 bathroom House with 3 parking spaces. The property has a land size of 323749m2. While the property is not currently for sale or for rent, it was last sold in November 2014.

Building Type
House
Land Size
323749m2
Local Government
Ararat
Lot/Plan
1/TP238170

Last Listing description (May 2026)

Elders Real Estate Ararat is proud to present Mountainside Wines to the market. A unique lifestyle estate offering an exceptional combination of established income, tourism potential, and peaceful country living in one of Western Victoria's most picturesque regions.Positioned on approximately 80 acres at the base of Mount Cole, Mountainside Wines is a property that immediately captures the beauty and tranquillity of the region. Surrounded by rolling countryside, native wildlife, and sweeping rural views, the estate offers an enviable lifestyle while also providing genuine business and tourism opportunities in the heart of Victoria's thriving food and wine country.Perfectly located within close proximity to both the renowned Grampians Wine Region and the celebrated Pyrenees Wine Region, the property sits amongst some of the state's most respected wineries, cellar doors, restaurants, and tourism attractions. The region draws visitors year-round for its spectacular mountain ranges, hiking trails, and wine experiences. Positioned within this established tourism corridor and only approximately two hours from Melbourne, Mountainside Wines offers the rare ability to enjoy complete rural serenity without sacrificing accessibility. Nearby regional centres including Ararat and Ballarat provide all essential services, shopping, schools, and healthcare while still allowing the property to retain the privacy and peaceful atmosphere buyers seek in a true lifestyle escape.The estate centres around an established boutique wine operation with approximately 4 hectares of mature vines planted in the late 1990s, including Shiraz, Nebbiolo, and Viognier varieties. The vineyards and wider property are fully irrigated and supported by excellent water infrastructure including large surface dams, bore water, and a water licence from Sheppard's Creek. A fully operational winery, cellar door, wine storage facilities, extensive shedding, registered kitchen, function centre, and substantial freshwater tank storage provide the foundations for an immediately operational business with enormous potential for future growth and diversification. Approximately 50 established olive trees further complement the offering, creating additional boutique produce opportunities. Whether continuing the existing wine business, expanding production, or developing the tourism and events side of the property, the infrastructure and scale are already in place to support a range of future ventures.One of the property's most appealing features is the flexibility provided by its multiple dwellings and accommodation options. The main four-bedroom residence overlooks Sheppard's Creek and offers comfortable family living with generous proportions and beautiful rural outlooks. Separate from the homestead is the two-bedroom "Shiraz House," positioned on its own title and currently leased to a reliable tenant, while also lending itself perfectly to farm stay or guest accommodation. The charming one-bedroom "Blue House" has become a successful Airbnb retreat, offering guests a peaceful and private country escape immersed in nature. In addition, a two-bedroom sleepout provides further accommodation for guests, seasonal workers, or extended family. Together, the dwellings create multiple income streams and offer exciting flexibility for boutique accommodation, wellness retreats, multi-generational living, tourism ventures, or caretaker accommodation.Beyond the infrastructure and business opportunity, Mountainside Wines is ultimately a property about lifestyle. The landscape feels private, calming, and deeply connected to nature, with kangaroos, wallabies, echidnas, deer, hare, and abundant birdlife regularly seen throughout the property. Wide-open skies, fresh country air, and the natural beauty of the Mount Cole backdrop create a setting perfectly suited to wellness experiences, food and wine events, creative retreats, private functions, and nature-based tourism. It is a place where people can slow down, entertain, reconnect, and enjoy the best aspects of regional living.Properties that combine established income streams, productive land, tourism appeal, and genuine lifestyle credentials are becoming increasingly difficult to find. Mountainside Wines presents a rare opportunity to secure a ready-made rural enterprise while embracing an exceptional country lifestyle in one of Victoria's most tightly held regional destinations.The property can be offered on a walk in walk out basis, contact the selling agent for more information.

Property History for 197 Mount Cole Rd, Mount Cole, VIC 3377

A timeline of how this property has performed in the market
Last Sold
$785,000
19 Nov 2014
  • 06 May 2026
    Listed for Sale $1,400,000
  • 19 Nov 2014
    Sold for $785,000
  • 28 May 2013
    Listed for Sale $785,000
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About Mount Cole 3377

The size of Mount Cole is approximately 52.3 square kilometres. There are 2 parks, covering nearly 88.4% of the total area. The population of Mount Cole in 2016 was 21 people. By 2021 the population was 21 showing a stable population in the area during that time. The predominant age group in Mount Cole is 60-69 years. Households in Mount Cole are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Mount Cole work in a managers occupation.In 2021, 112.50% of the homes in Mount Cole were owner-occupied compared with 116.70% in 2016.

Mount Cole has 17 properties.

    There are currently no properties listed for sale, and no properties listed for rent in Mount cole on OnTheHouse. According to Cotality's data, no properties were sold in the past 12 months in Mount cole.

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    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.