An idyllic landholding situated on the scenic coastline, enjoying 1.8km* of absolute water frontage to Bancroft Bay on the Gippsland Lakes - one of Australia's most picturesque inland waterways.
Positioned near the charming lakeside village of Metung, 'Karra Downs' occupies a highly versatile and picturesque 180 acres* of gently undulating land ideally suited to a range of agricultural, recreational and lifestyle endeavours, in one of the region's most tranquil settings. The property boasts panoramic water vistas across the Gippsland Lakes and out to Bass Strait.
'Karra Downs' is being offered for sale for the first time in over 40 years, and features extensive accommodation, quality working infrastructure, established improved pastures, an abundance of natural water supply, and a private jetty on Boxes Creek, in addition to highly versatile and productive land.
160A Nungurner Jetty Road: 54.23 hectares (134 acres) approx.
68 Heaths Road: 20 hectares approx.
Property improvements include a stunning architecturally designed four-bedroom, two bathroom (main bedroom with ensuite and walk in wardrobe) residence featuring multiple formal and informal living and dining areas, galley kitchen, dedicated bar and expansive entertaining deck overlooking the tranquil water vistas of Bancroft Bay.
The privately positioned brick managers cottage overlooks Boxes Creek. Recently renovated, the home features four bedrooms, two-bathrooms, a generously sized kitchen with walk-in pantry, multiple spacious living areas and 4 car garage.
Separately positioned near the waterfront escarpment is the original Victorian homestead, requiring restoration, offering outstanding scope for renewal. Once fully renovated, it presents the opportunity to repurpose as guest accommodation or a boutique hospitality venue such as a wedding or event space, capitalising on its elevated setting and remarkable outlook. Nearby, a Sea Eagle's nest perched high in a surrounding tree is a striking reminder of the property's natural significance and unique coastal environment.
Karra Downs is ideally suited to agricultural, equine, recreational and/or ecotourism pursuits. The farm has quality working improvements including machinery/hay shed, cattle yards and fully enclosed sundry shed/workshop comprising concrete floor. An abundant water supply via five natural catchment dams and connection to town water. Highly versatile and productive gently undulating topography, complemented by timbered areas which provide abundant shade and shelter for livestock. Good quality fencing comprising a combination of hinge joint and barb wire. Extensive pasture improvement including an established selection of ryegrass, kikuyu, white dutch clover and paspalum. Reliable 721mm* (28 inches)* average annual rainfall. Located 8km* from Metung Village, 18km* West of Lakes Entrance, 34km* South East of Bairnsdale and 310km* East of Melbourne.
'Karra Downs' offers an exceptional balance of scale, privacy and location, with close proximity to a wide range of recreational and eco-tourism attractions including some of Australia's most beautiful waterways, surf beaches, walking and biking trails, equine pursuits, as well as Victoria's High Country and alpine townships. A tightly held waterfront landholding of rare scope and versatility in one of the Gippsland Lakes' most prized coastal settings.
SOLD BY KING & HEATH FIRST NATIONAL.
The size of Nungurner is approximately 21.0 square kilometres. There is 1 park, covering nearly 0.1% of the total area. The population of Nungurner in 2016 was 283 people. By 2021 the population was 327 showing a population growth of 15.6% in the area during that time. The predominant age group in Nungurner is 70-79 years. Households in Nungurner are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Nungurner work in a managers occupation.In 2021, 86.60% of the homes in Nungurner were owner-occupied compared with 85.00% in 2016.
Nungurner has 222 properties. Over the last 5 years, Houses in Nungurner have seen a 13.68% increase in median value, while Units have seen a 147.16% increase. As at 30 June 2026:
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