2A Backwater Court, Paynesville, VIC 3880 sold on 08 January 2025 | OnTheHouse
SOLD
Sold on 08 Jan 2025 for $1,650,000

2A Backwater Court
Paynesville VIC 3880

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
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Property Details for 2a Backwater Ct, Paynesville

Building Type
Rural
Year Built
2000
Local Government
East Gippsland
Lot/Plan
1/PS322372

Last Listing description (October 2024)

Experience the Best of Both Worlds

Discover a unique Paynesville gem that beautifully blends a coastal lifestyle with captivating water views to the east, south, and west. Wake up to magnificent sunrises, unwind with stunning sunsets, and bask in the tranquillity of lush, tree-filled surroundings. This extraordinary property, designed with an artistic touch by Deborah Bennett, offers both idyllic living and a fantastic opportunity to generate income or house the family with its exquisitely appointed bed-and-breakfast units.

As you approach, majestic pine trees and a burst of vibrant native plants welcome you along the driveway. Stepping through the front door, you're greeted by the warmth of Victorian ash timber and breathtaking vistas of glorious trees and sparkling water. The expansive gallery space, initially envisioned as an art gallery, doubles as an extra lounge or grand dining area, effortlessly integrating indoors with outdoors-a space filled with possibilities, from hosting intimate family gatherings to grand celebrations.

Adjacent to the gallery, you'll find a spacious office, while a step-down leads to the formal dining room, flowing into the open-plan kitchen and lounge area. Here, enjoy the comfort of a wood fire, split system, and a well-appointed kitchen with steel bench tops and St George double ovens. A roll-down timber screen adds a touch of practicality, concealing appliances when not in use.

The upper level houses two well-appointed bedrooms, a bathroom, and a generous study. The north-facing second bedroom offers a large step-in wardrobe and ample space, while the main bedroom boasts magnificent water views, a sizable walk-in robe, and access to an ensuite-creating a peaceful retreat. The balcony on the north side provides a sun-drenched winter haven, while the south-facing balcony offers cool shade during summer.

The bed-and-breakfast units, affectionately named the Kookaburra and Rosella rooms, have become favourites among visitors. Both units feature cosy lounge/bedroom spaces with gas log fires, luxurious ensuites with spa baths, and access to the expansive decked verandah, embracing the natural landscape. Guests can even bring their own boat and enjoy the convenience of the private deep-water jetty. These units are also perfect for teenage children, visiting family, or an elderly parent.

Outdoor entertaining is a delight, with a large decked area to soak in your surroundings. The garden has hosted many joyful family gatherings, from surprise birthday parties to weddings and milestone celebrations, making it a place where cherished memories are created.

The property also includes a substantial rainwater tank connected to a sprinkler system for added fire protection. The pump is solar charged, providing extra peace of mind.

Situated on a 5927sqm allotment, this home offers potential for subdivision or further development of the business opportunity, with the addition of more dwellings (STCA).

Picturesque and inviting, this property promises a lifestyle that seamlessly blends coastal and rural living. It's more than just a home-it's a place where family memories are made. Schedule your inspection today to witness the magic of this exceptional Gippsland Lakes estate first hand.

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

Property History for 2a Backwater Ct, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$1,650,000
08 Jan 2025
  • 11 Aug 2023
    Listed for Sale $1,750,000
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About Paynesville 3880

The size of Paynesville is approximately 7.0 square kilometres. It has 8 parks covering nearly 3.7% of 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 3,337 properties. Over the last 5 years, Houses in Paynesville have seen a 35.81% increase in median value, while Units have seen a 47.32% increase. As at 31 October 2025:

  • The median value for Houses in Paynesville is $603,970 while the median value for Units is $374,388.
  • Houses have a median rent of $500 while Units have a median rent of $380.
There are currently 101 properties listed for sale, and 11 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 169 properties were sold in the past 12 months in Paynesville.

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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.