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Back 2 Admirals Quay
Off Market

2 Admirals Quay

Paynesville VIC 3880

1621 m²
Land
Last sold for $1,210,000
Todd LeggattTodd Leggatt, last sold this property on 06 November 2025 after 36 days on market.

Overview

PRESTIGIOUS WATERFRONT LANDHOLDING

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.

Features

1621 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Paynesville over the last 12 months, the estimated median property value of 2 Admirals Quay is $209k.

Median value
$209k
Estimated value range
$100k - $1.21m
Median days on market
158
Estimated value trend
-19%
decrease 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 2 Admirals Quay

2025
Sold
$1,210,000
06 Nov 2025 by Todd Leggatt, of King & Heath First National Paynesville
2023
Sold
Undisclosed
18 Jan 2023 by Mark Howlett, of King & Heath First National Paynesville

Happy sellers in Paynesville

70%
70% 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 10 reviews in Paynesville over the last 12 months.

Local market activity for land plots in Paynesville

In the last 12 months, 20 land plots similar to 2 Admirals Quay, have been sold.

This represents a 20% increase in land plots sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Paynesville

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Wendy Beadle

Wendy Beadle is an award winning recommended agent for Paynesville.  They have 16 local sales and collected 15 local reviews across the last 12 months.

  •   4.8   (26 reviews)
  •  15 Reviews in Paynesville
  •  16 Sales in Paynesville
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Scott Perry

Sellers who recommend Scott Perry have praised them for being clear communication, local expert, responsive, supportive, reliable, honest and dedicated

  •   4.9   (266 reviews)
  •  2 Reviews in Paynesville
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Lorraine Edlington

Lorraine Edlington is a recommended agent for Paynesville.  They have 52 local sales across the last 12 months.

  •  52 Sales in Paynesville
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Todd Leggatt

Todd Leggatt is a recommended agent for Paynesville.  They have 40 local sales across the last 12 months.

  •  40 Sales in Paynesville
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