OFF MARKET

388 Riverbank East Road
East Bairnsdale VIC 3875

Bedrooms: 4
Bathrooms: 6
Car spaces: 8
Floor area: 610m2
Land area: 18899m2
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Property Details for 388 Riverbank East Rd, East Bairnsdale

388 Riverbank East Rd, East Bairnsdale is a 4 bedroom, 6 bathroom House with 8 parking spaces and was built in 2010. The property has a land size of 18899m2 and floor size of 610m2.

Building Type
House
Year Built
2010
Floor Size
610m2
Land Size
18899m2
Local Government
East Gippsland

Last Listing description (June 2024)

Welcome to an unparalleled oasis of luxury and tranquillity, nestled in the heart of East Gippsland's majestic landscape. Introducing 388 Riverbank East Road, a masterpiece of modern architecture that seamlessly blends sprawling living spaces with the timeless beauty of nature. This exquisite property is not just a home; it's a retreat, offering a unique lifestyle for those who demand excellence and privacy. With direct access to the Mitchell River through to the Gippsland Lakes, park your boat at your door step ready for the adventure to unfold.

As you enter through the secure electric gates, you are welcomed into a sanctuary that spans an impressive 2,000 m2 (approx.) of living space set against the stunning backdrop of the Mitchell River and Jones Bay, to the snow top mountain ranges to the north. The property stands as a testament to thoughtful design and craftsmanship, with every inch meticulously planned to elevate your living experience.

The ground floor unfolds over 435 m2, presenting a versatile space that caters to all facets of living. Here, you will find an impressive craft room, a day room equipped with bathroom and kitchenette, and a wine cellar to house your cherished collection. The dedicated workshop space invites creativity, while the expansive 8-car garage ensures your vehicles are housed in style. Additionally, this level includes a convenient commercial grade lift to effortlessly connect you to the rest of this magnificent home.

Ascending to the first floor, you are greeted by 250 m2 of opulent living space. Three lavish bedrooms, each boasting an ensuite bathroom, two with access to a private deck, offer serene sanctuaries for rest and rejuvenation. The heart of this floor is undoubtedly the grand kitchen and living area, equipped with top-of-the-line appliances set against rich ironbark flooring extending out onto an oversized outdoor entertaining area, complete with provisions for a pool and its own dedicated bathroom - perfect for hosting memorable gatherings with loved ones.

The second floor is exclusively designed as a parents' retreat, encompassing 115 m2 of pure indulgence. Here, twin vanities, an expansive dressing room, and a breakfast station ensure mornings are luxurious. Double sliding doors open to a private outdoor area where one can bask in solitude and serenity. Extras including your own lounge and office space and floor to ceiling windows to take in the surrounding beauty.

Crowning this architectural marvel is the third floor viewing retreat. Offering 360-degree views of the surrounding natural beauty, this space invites moments of reflection and awe at any time of day.

Sustainability meets luxury with the inclusion of solar panels backed by battery storage, while the property benefits from both tank and town water supply options, underscoring its self-sufficient capabilities.

Situated on a generous parcel that promises privacy without sacrificing connectivity, this residence stands as a beacon of modern living in harmony with nature. Whether it's revelling in the expansive indoor spaces or exploring the breathtaking outdoor surroundings, life here is graced with endless opportunities for relaxation and adventure.

We invite you to discover this rare gem on Riverbank East Road - where luxury meets tranquillity in East Gippsland's prestigious setting.

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

Property History for 388 Riverbank East Rd, East Bairnsdale, VIC 3875

A timeline of how this property has performed in the market
  • 04 Mar 2024
    Listed for Sale $3,650,000

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About East Bairnsdale 3875

The size of East Bairnsdale is approximately 13 square kilometres. It has 1 park covering nearly 0.5% of total area. The population of East Bairnsdale in 2011 was 1,299 people. By 2016 the population was 1,288 showing a population decline of 0.8% in the area during that time. The predominant age group in East Bairnsdale is 60-69 years. Households in East Bairnsdale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in East Bairnsdale work in a labourer occupation. In 2011, 55% of the homes in East Bairnsdale were owner-occupied compared with 58.2% in 2016.

East Bairnsdale has 816 properties. Over the last 5 years, Houses in East Bairnsdale have seen a 60.40% increase in median value, while Units have seen a 48.71% increase. As at 30 September 2024:

  • The median value for Houses in East Bairnsdale is $416,892 while the median value for Units is $342,195.
  • Houses have a median rent of $480 while Units have a median rent of $240.
There are currently 17 properties listed for sale, and 1 property listed for rent in East bairnsdale on OnTheHouse. According to CoreLogic's data, 26 properties were sold in the past 12 months in East bairnsdale.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.