1940 McIvor Highway

Axedale VIC 3551

77.91 ac.

House

Darryn O'Keefe, last sold this property on 15 June 2025 after 60 days on market.

Overview

Lakeside lifestyle or commercial opportunity STCA

This unique land holding offers excellent lifestyle and/or commercial development opportunities STCA. The property, formerly known as the Arakoon Resort, has an area total of approx 77.905 acres. It includes a substantial mud brick homestead overlooking the lake and shaded by verandahs to all four sides. It comprises four generous bedrooms, a study, an updated bathroom, and open-style living, dining and kitchen areas showcasing soaring cedar-lined cathedral ceilings with light-adding clerestory windows and a stunning bluestone open fireplace taking centre stage. The spacious country-style kitchen will appeal to keen cooking enthusiast with its electric induction cooktop and oven, a dishwasher, ample white cabinetry and a slate-topped breakfast bar for casual meals. Added features include a split system a/c, LPG gas heating, store room and 3 x 5K gall water tanks. The property has a large lake with an approx. 16-acre surface area & 200meg. capacity, smaller holding dams and a 26-meg Water Allocation. The lake has extensive catchment from the adjacent 10,000 acres of native bushland reserve. The remaining resort infrastructure includes 60 powered sites, a 5-room mud-brick bunkhouse, a 3-phase power substation and a town water connection. The home lot includes an approx. 1/2 acre vineyard planted with 26-year-old Shiraz vines. Fully irrigated, the vineyard yields around 50 to 75 dozen bottles each year. Next to the vineyard is a massive 11m x 5m x 6m insulated shed on a concrete slab with four roller doors and power with water and toilet connected. Enjoy walking or cycling to enjoy a coffee or meal in nearby Axedale via the O'Keefe Rail Trail as it passes the front of the property. Immerse yourself (and your guests) in the sights and sounds of the native wildlife in the adjacent bush habitat, or enjoy serene evenings observing the birdlife on the lake. Whether you envision value-adding improvements or wish to maintain a relaxing lifestyle, this property is brimming with potential. Given its proximity to Axedale and substantial land size, it's an opportunity not to be missed.

Features

4 bedrooms

2 bathrooms

10 carspaces

10 open car spaces

77.91 ac. lot size

House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Axedale over the last 12 months, the estimated median property value of 1940 McIvor Highway is $1m.

Median value

$1m

Estimated value range

$750k - $1.31m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Axedale. 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 1940 McIvor Highway

2025

Sold

Undisclosed

Private Sale/Treaty on 15 Jun 2025 by Darryn O'Keefe, of Tweed Sutherland First National

Happy sellers in Axedale

We have insufficient information to provide an overview of customer satisfaction for Axedale. Viewing the agent profiles, reviews and sales for Axedale can provide insights for this location.