OFF MARKET

7 Mcrae Street
Lakes Entrance VIC 3909

Bedrooms: 5
Bathrooms: 3
Car spaces: 6
Floor area: 283m2
Land area: 8115m2
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Property Details for 7 Mcrae St, Lakes Entrance

7 Mcrae St, Lakes Entrance is a 5 bedroom, 3 bathroom House with 6 parking spaces and was built in 1986. The property has a land size of 8115m2 and floor size of 283m2. While the property is not currently for sale or for rent, it was last sold in September 1989.

Building Type
House
Year Built
1986
Floor Size
283m2
Land Size
8115m2
Local Government
East Gippsland
Lot/Plan
1/TP204227

Last Listing description (September 2020)

This property certainly has the wow factor. Sitting high on the hill in Lakes Entrance and nestled into the hillside you are offered spectacular ocean views from nearly every room in the house. The home has a luxurious master suite containing a walk in wardrobe, ensuite and separate retreat or office space which leads out to a private balcony. Four more bedrooms and two further bathrooms provide so much room for your family or visiting guests. The home opens to a large living, dining and kitchen appointed with a 900mm Smeg electric oven and gas cooktop, and a Beko dishwasher, with another casual living room leading out to an undercover balcony. Multiple reverse cycle split systems are installed providing ample cooling and heating, along with a Jindara wood heater and central heating. As you move outside you are surrounded by almost 2 acres of bushland with more ocean views to be taken in from the outdoor entertaining area, including an undercover bar and in-ground salt, solar heated pool in a resort style setting with bar and undercover entertaining area. Surrounded by tranquil gardens and privacy this property is a rare find and will make you feel like you are on holidays every day, you may never want to leave but if you do have a boat or caravan there is plenty of storage for these items, with a 4 car carport and separate 8m x 6.5m garage with concrete floor and power connected. For more information please call Yvette on 0400 512 659 or visit www.eglre.com.au

Property Code: 696

Property History for 7 Mcrae St, Lakes Entrance, VIC 3909

A timeline of how this property has performed in the market
Last Sold
$215,000
15 Sep 1989
  • 10 Dec 2018
    Listed for Sale $870,000
  • 25 Feb 2009
    Listed for Sale 650000
  • 15 Sep 1989
    Sold for $215,000

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About Lakes Entrance 3909

The size of Lakes Entrance is approximately 28.1 square kilometres. It has 19 parks covering nearly 17.7% of total area. The population of Lakes Entrance in 2011 was 4,569 people. By 2016 the population was 4,801 showing a population growth of 5.1% in the area during that time. The predominant age group in Lakes Entrance is 60-69 years. Households in Lakes Entrance are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lakes Entrance work in a labourer occupation. In 2011, 65% of the homes in Lakes Entrance were owner-occupied compared with 65.8% in 2016.

Lakes Entrance has 4,089 properties. Over the last 5 years, Houses in Lakes Entrance have seen a 75.28% increase in median value, while Units have seen a 63.41% increase. As at 30 September 2024:

  • The median value for Houses in Lakes Entrance is $544,883 while the median value for Units is $375,335.
  • Houses have a median rent of $420 while Units have a median rent of $340.
There are currently 122 properties listed for sale, and 9 properties listed for rent in Lakes entrance on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in Lakes entrance.

Suburb Insights for Lakes Entrance 3909

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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.