28 Eagle Bay Terrace, Paynesville, VIC 3880 | Property Value & History | OnTheHouse
OFF MARKET

28 Eagle Bay Terrace
Paynesville VIC 3880

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
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Property Details for 28 Eagle Bay Tce, Paynesville

28 Eagle Bay Tce, Paynesville is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2010. While the property is not currently for sale or for rent, it was last sold in August 2022.

Building Type
House
Year Built
2010
Local Government
East Gippsland
Lot/Plan
50/PS524610

Last Listing description (January 2026)

Elevated Family Living in Eagle Bay

Located within the highly sought-after Eagle Bay Village, this beautifully appointed four-bedroom home captures breathtaking panoramic views across the Gippsland Lakes while exuding a special coastal charm.

The home's spacious design features an open-plan kitchen, meals, and living area that welcomes an abundance of natural light and takes full advantage of the scenic outlook across Eagle Bay to the distant mountain ranges. The kitchen is both stylish and functional, boasting stone benchtops, extensive cabinetry, electric appliances, and a gas cooktop-perfect for everyday living or entertaining. A converted outdoor room connects the main bedroom and the living space, creating the ideal spot to unwind and enjoy the northern aspect.

The master retreat impresses with a thoughtfully designed ensuite featuring a large walk-in shower, double vanity, separate toilet, walk-in robe, and additional storage. A secondary lounge services the remaining three bedrooms, each fitted with built-in robes and supported by a family bathroom and separate powder room. A dedicated study adds flexibility for those working from home.

Additional features include double-glazed windows, ducted heating, evaporative cooling, a solar system, and an extra-large garage, completing this impressive home-ready for its new owners to move in and enjoy.

Outdoors, a generous deck offers uninterrupted northern views across the landscape, while a firepit area adds to the appeal for evening gatherings. Low-maintenance landscaping and secure fencing enhance peace of mind, complemented by internal access to the spacious two-car garage.

Situated in a welcoming coastal community known for its relaxed atmosphere, this property places you within easy reach of Paynesville, the Gippsland Lakes, and the Bairnsdale CBD-an exceptional opportunity to embrace lakeside living at its finest.

View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist

Property History for 28 Eagle Bay Tce, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$1,010,000
26 Aug 2022
  • 14 Nov 2025
    Listed for Sale Not Disclosed
  • 26 Aug 2022
    Sold - Price Undisclosed
  • 12 Jul 2022
    Listed for Sale $1,069,000
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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 3,325 properties. Over the last 5 years, Houses in Paynesville have seen a 23.00% increase in median value, while Units have seen a 29.09% increase. As at 30 June 2026:

  • The median value for Houses in Paynesville is $606,878 while the median value for Units is $416,168.
  • Houses have a median rent of $500 while Units have a median rent of $400.
There are currently 81 properties listed for sale, and 10 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 190 properties were sold in the past 12 months in Paynesville.

Suburb Insights for Paynesville 3880

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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.