16 Bankers Rise, Mountain Bay, VIC 3723 | Property Value & History | OnTheHouse
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16 Bankers Rise
Mountain Bay VIC 3723

Bedrooms: 5
Bathrooms: 3
Car spaces: 3
Floor area: 130m2
Land area: 5039m2
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Property Details for 16 Bankers Rise, Mountain Bay

16 Bankers Rise, Mountain Bay is a 5 bedroom, 3 bathroom House with 3 parking spaces and was built in 2009. The property has a land size of 5039m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in July 2020.

Building Type
House
Year Built
2009
Floor Size
130m2
Land Size
5039m2
Local Government
Mansfield
Lot/Plan
55/PS426964

Last Listing description (July 2026)

Perfectly positioned high above the shimmering waters of Lake Eildon, this exceptional residence offers an unrivalled blend of refined interiors, world class outdoor living, and breathtaking views. Designed to enrich every moment from quiet mornings to largescale entertaining-this home stands as one of Mountain Bay's most remarkable lifestyle offerings.

Inside, the home showcases craftsmanship and design of the highest calibre. The primary suite is a sanctuary of calm, framed by expansive windows that capture panoramic lake and bushland views. Soft sheers, seamless access to the main deck and beautifully curated finishes elevate the space into a true retreat.

The ensuite takes luxury to the next level, featuring a freestanding bath illuminated by a sparkling chandelier, creating a showstopping focal point. Thoughtful natural stone finishes, a generous walk in shower and fullheight tiling complete this serene, spa like haven.

The kitchen is both sophisticated and functional, boasting crisp white cabinetry, premium appliances, stone benchtops and shaker styling complemented by warm herringbone engineered oak flooring. Pendant lighting highlights the large island bench, creating the perfect centrepiece for casual meals and conversation. Adjoining the kitchen, the grand dining room complete with its vaulted ceiling, statement chandelier and wrap around glazing provides an exquisite setting for long lunches and special gatherings.

In the living area, a stunning marble mantelpiece crowns the fireplace, adding depth and classic opulence. Large windows and glass doors welcome natural light and sensational views, creating a seamless flow between indoor comfort and the outdoor landscape.

Beyond the interior lies one of the most impressive outdoor entertaining precincts imaginable. A sparkling pool sits elegantly within glass fencing, ensuring every moment can be enjoyed alongside uninterrupted views of the mountains and the lake. Expansive decking, multiple lounging zones and a dedicated dining terrace offer endless space for relaxation and hosting guests.

A true centrepiece of this remarkable residence is the luxury appointed entertaining pavilion, designed to deliver an indulgent, resort style experience. This impressive space features a full kitchen with premium appliances, bespoke cabinetry and a striking bar perfect for cocktail evenings or effortless poolside dining. A stylish bathroom with an elegant shower adds seamless convenience for guests enjoying the outdoor amenities.

Anchoring the alfresco zone is the handcrafted local openfire smoker, a sculptural and highly functional creation that elevates outdoor cooking into a gourmet event. Whether slow cooking a feast or gathering around its warmth, this beautifully made piece adds ambience and theatre to the space, making it an unforgettable setting for year round entertaining.

Property Highlights:
- Elevated position with panoramic views over Lake Eildon
- Exceptional blend of luxury interiors and world class outdoor living
- Primary suite with panoramic lake and bushland outlooks and seamless deck access
- Opulent ensuite featuring freestanding bath, chandelier, walk in shower & stone finishes
- Stunning kitchen with premium appliances, stone benchtops, shaker cabinetry & herringbone engineered oak flooring
- Grand dining room with vaulted ceiling, statement chandelier and wrap around glazing
- Elegant living area featuring a marble fireplace mantel and expansive windows
- Sparkling pool with glass fencing showcasing breathtaking lake and mountain views
- Expansive decking with multiple lounging and entertaining zones
- Fully equipped outdoor entertaining area with full kitchen and bathroom with shower
- Handcrafted open fire/smoker perfect for gourmet alfresco dining
- Incredible indoor/outdoor connection designed for allseason enjoyment
- Ideal for largescale entertaining, sunset drinks or peaceful lakeside living
- A rare opportunity to secure one of Mountain Bay's most impressive lifestyle properties

Whether hosting sunset drinks, enjoying morning coffee as the hills shift with the light, or spending long summer days by the pool, this home offers a lakeside lifestyle that is both luxurious and deeply peaceful.

From the refined detailing inside to the sweeping views and extraordinary outdoor spaces, every inch of this property has been crafted for comfort, beauty and unforgettable living. Whether as a permanent residence, high end retreat or truly special holiday escape, this home represents a once in a lifetime opportunity to secure one of the region's most impressive properties.

Call to arrange your private inspection, I can assure you, you will not want to leave!!

Property History for 16 Bankers Rise, Mountain Bay, VIC 3723

A timeline of how this property has performed in the market
Last Sold
$685,000
03 Jul 2020
  • 22 Mar 2026
    Listed for Sale $2,850,000 - $2,995,000
  • 03 Jul 2020
    Sold for $685,000
  • 22 Jun 2020
    Listed for Sale $680,000 - $730,000
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About Mountain Bay 3723

The size of Mountain Bay is approximately 9.6 square kilometres. There is 1 park, covering nearly 2.4% of the total area. The population of Mountain Bay in 2016 was 43 people. By 2021 the population was 54 showing a population growth of 25.6% in the area during that time. The predominant age group in Mountain Bay is 60-69 years. Households in Mountain Bay are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mountain Bay work in a clerical occupation.In 2021, 86.20% of the homes in Mountain Bay were owner-occupied compared with 135.70% in 2016.

Mountain Bay has 78 properties. Over the last 5 years, Houses in Mountain Bay have seen a 15.89% increase in median value, while Units have seen a 23.90% increase. As at 31 July 2026:

  • The median value for Houses in Mountain Bay is $862,192 while the median value for Units is $674,958.
There are currently 1 property listed for sale, and no properties listed for rent in Mountain bay on OnTheHouse. According to Cotality's data, 1 property were sold in the past 12 months in Mountain bay.

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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.