68 South Terrace

Penola SA 5277

2.07 ha.

Land

Last sold for $320,000

Karyn Prelc, last sold this property on 10 September 2026 after 899 days on market.

Overview

A Rare Opportunity in Prime Location

Nestled at the western edge of Penola, in the heart of the Wattle Range Council District, this expansive landholding presents a unique canvas for your vision. Known for its rich history, vibrant community, and proximity to the renowned Coonawarra wine region, Penola is more than a town-it's a lifestyle. Tree-lined streets, charming heritage architecture, and sweeping rural vistas define the area, making it a sought-after destination for both residential and investment opportunities. This remarkable property offers a rare chance to secure a large block within town limits, perfectly positioned to capture the tranquillity of South Terrace while remaining just a short stroll from the town centre. Whether your dream is a private family home with room to roam, or a thoughtfully designed subdivision (subject to council approval), this versatile parcel provides the space and flexibility to make it happen. Property Highlights: • Two Titles: Allotment 122 (approx. 1,100 m2) and Allotment 602 (approx. 1.97ha) • Water Security: Rainwater with pump and a bore located near the Projector Shed • Land Use Options: Fenced paddocks suitable for hobby farming or lifestyle use, with zoning offering development versatility (subject to approvals) • Exclusive Location: Sole access from town ensures minimal traffic and maximum privacy • Scenic Outlook: South Terrace offers a preferred view over the commonage, a prized aspect for higher-end properties Planning & Zoning Considerations: The land falls under Neighbourhood Zone (N) and benefits from strategic overlays designed to safeguard both property and lifestyle, including: • Bushfire protection in urban interface areas • Flood risk mitigation • Native vegetation conservation • Water protection measures • Support for retirement and aged accommodation developments The property's development potential is enhanced by generous variations for building height (up to 8m) and flexible minimum site areas, providing creative freedom for any project. A True Lifestyle Investment. 68 South Terrace offers more than land-it offers a lifestyle, a canvas, and a rare opportunity in one of South Australia's most beloved regions. Whether your vision is building a home with space to breathe, establishing a boutique development, or creating your dream rural retreat within town limits, this property invites imagination and ambition. For inspections or further details, contact Karyn on 0402 268 137 RLA 291953

Features

2.07 ha. lot size

Land

Estimated Value

Based on this property and similar land plots sold in Penola over the last 12 months, the estimated median property value of 68 South Terrace is $263.5k.

Median value

$263.5k

Estimated value range

$135k - $320k

Median days on market

237

Estimated value trend

82%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Penola. 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 68 South Terrace

2026

Sold

$320,000

10 Sep 2026 by Karyn Prelc, of Ray White Mount Gambier

2026

Sold

$320,000

10 Sep 2026 by Karyn Prelc, of Ray White Mount Gambier

Happy sellers in Penola

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