2 Admirals QuayPaynesville VIC 3880
Property Details for 2 Admirals Qy, Paynesville
Last Listing description (November 2025)
2 Admirals Quay is positioned in one of Paynesville's most exclusive addresses, surrounded by striking architectural homes and capturing the essence of premium waterfront living.
This exceptional 1,621m² vacant allotment holds a commanding position on the canals, with some of the finest aspects available including long uninterrupted views down the waterway to McMillans Strait.
Fully fenced and landscaped, the property is secured by an electric gate from Admirals Quay, while a second crossover from Canal Road offers additional versatility for vehicle access or storage of boats and caravans.
Uniquely, the title extends 10 metres over the water, presenting the rare opportunity to design and position a residence partly over the canal (STCA). Enhancing this privilege, the allotment also features a fully established jetty ensuring immediate access to the Gippsland Lakes.
Adding to its appeal, the property is offered with an approved planning permit for an architecturally designed home, with concept renderings available to view.
Waterfront sites of this calibre are increasingly limited. This allotment not only promises an enviable lifestyle but also represents a secure and rare investment in Paynesville's premier waterfront precinct.
Contact the team at King & Heath Paynesville to secure further information.
Property History for 2 Admirals Qy, Paynesville, VIC 3880
- 31 Oct 2025Sold for $1,210,000
- 01 Oct 2025Listed for Sale $1,290,000
- 19 Jan 2023Sold for $1,150,000
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About Paynesville 3880
The size of Paynesville is approximately 7.0 square kilometres. There are 8 parks, covering nearly 3.7% of the total area. The population of Paynesville in 2016 was 3480 people. By 2021 the population was 3636 showing a population growth of 4.5% in the area during that time. The predominant age group in Paynesville is 70-79 years. Households in Paynesville are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Paynesville work in a professional occupation.In 2021, 76.30% of the homes in Paynesville were owner-occupied compared with 71.50% in 2016.
Paynesville has 3,313 properties. Over the last 5 years, Houses in Paynesville have seen a 18.61% increase in median value, while Units have seen a 23.12% increase. As at 31 July 2026:
- The median value for Houses in Paynesville is $600,614 while the median value for Units is $391,369.
- Houses have a median rent of $500 while Units have a median rent of $390.
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