Back 121 Slip Road
Off Market

121 Slip Road

Paynesville VIC 3880

4
2
4
1153 m²
House
Last sold for $2,720,000
Todd LeggattTodd Leggatt, last sold this property on 09 September 2025 after 25 days on market.

Overview

GIPPSLAND LAKES WATERFRONT MASTERPIECE

A waterfront holding of rare distinction, 121-123 Slip Road is one of the most significant residential offerings in the heart of Paynesville, a landmark position on the shores of the Gippsland Lakes with an expansive stretch of private water frontage. Commanding an impressive double allotment, this award-winning, master-built residence has been cherished by the same family for decades, offering an unparalleled combination of space, privacy, and direct boating access. The home's striking upswept roofline and cantilevered deck with viewing platform frame uninterrupted panoramas over McMillan Strait and the canals, with vast walls of glass flooding the interiors with light and capturing the ever-changing waterscape. Purpose-built for a life of leisure and wellbeing, the residence features a 25-metre lap pool set into landscaped surrounds, a private cellar for the avid collector, and a personal gym space. Multiple living and entertaining zones flow effortlessly to the outdoors, while warm timber finishes, raked ceilings, and thoughtfully layered panelled textures create a timeless yet relaxed coastal atmosphere. With a private jetty, sheltered deep-water access, and sweeping lawns that extends to the water's edge, this is a home where every detail speaks to the joy of waterfront living. Opportunities of this scale and calibre in central Paynesville are extraordinarily rare. A residence of enduring style, architectural distinction, and unmatched connection to its spectacular setting. Contact the team at King & Heath Paynesville for further information.

Features

4 bedrooms
2 bathrooms
4 carspaces
2 carport spaces
2 open car spaces
1153 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Paynesville over the last 12 months, the estimated median property value of 121 Slip Road is $635k.

Median value
$635k
Estimated value range
$370k - $2.72m
Median days on market
99
Estimated value trend
13%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Paynesville. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 121 Slip Road

2025
Sold
$2,720,000
09 Sep 2025 by Todd Leggatt, of King & Heath First National Paynesville

Happy sellers in Paynesville

69%
69% of sellers in Paynesville reported that their sale price either exceeded or met their price expectations.

Paynesville stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Paynesville over the last 12 months.

Local market activity for 4 bedroom houses in Paynesville

In the last 12 months, 35 four-bedroom houses similar to 121 Slip Road, have been sold.

This represents a 6% increase in four-bedroom houses sales when compared to the previous 12 months.

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