OFF MARKET

16 Willow Lake Drive
Macs Cove VIC 3723

Bedrooms: 7
Bathrooms: 6
Car spaces: 7
Floor area: 800m2
Land area: 15679m2
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Property Details for 16 Willow Lake Dr, Macs Cove

16 Willow Lake Dr, Macs Cove is a 7 bedroom, 6 bathroom House with 7 parking spaces. The property has a land size of 15679m2 and floor size of 800m2. While the property is not currently for sale or for rent, it was last sold in February 2021.

Building Type
House
Floor Size
800m2
Land Size
15679m2
Local Government
Mansfield
Lot/Plan
151/LP66337

Last Listing description (June 2021)

Prime freehold and business opportunity in the heart of the High Country. Known as 'Willowlake' - an established accommodation/spa retreat in Macs Cove, only 15 minutes to Mansfield township. Situated on 4 acres (approx) of manicured gardens with frontage to Lake Eildon's shores.

An ideal opportunity for a couple or a group of friends/family seeking a lifestyle change to be owner operators, or even a chef looking for the next stage in their career with the added bonus of a top rated accommodation business alongside.


Currently operating with a 5.0 rating level on TripAdvisor, Willowlake has been featured in HomeBeautiful magazine, Herald Sun, The Age, and on Channel 9's 'Postcards' in the past.

COTTAGES:
* 4 separate & private spa cottages - stylish & elegant with a warm country feel
* Amidst a lovely bush setting, each cottage is designed specifically for couples
* Each cottage has been refurbished and features wood fires & split-systems
* Private balconies each with its own different outlook towards Lake Eildon

IMPROVEMENTS:
* Large restaurant/licensed bar with open fire, capable of seating 80-100
* Huge commercial kitchen with breakfast lounge, amenities & outdoor area
* Current liquor license, extensive kitchen storage and preparation areas
* Previously open to the public for regular dining, weddings, functions & events
* In the warmer months, kick back alongside or take a dip in the inground pool
* Pretty as a picture - large ornamental dam and established mature trees
* Bore water, plus plentiful rainwater storage with multiple tanks in place

MANAGER RESIDENCE
* Spacious 4 bedroom, 2 bathroom home with 2 separate living zones
* Adjoining reception area, with direct access to restaurant & massage room
* Split level family lounge/dining and kitchen area with private garden outlook
* Fantastic upstairs bedroom with open spa bathroom and private balcony

The most astute buyer will acknowledge and be excited by the vast array of opportunities available at 'Willowlake' for future growth in this bustling lifestyle hub of North East Victoria.

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Property History for 16 Willow Lake Dr, Macs Cove, VIC 3723

A timeline of how this property has performed in the market
Last Sold
$800,000
26 Feb 2021
  • 26 Feb 2021
    Sold for $800,000
  • 29 Apr 2016
    Listed for Sale $1,100,000 NEG
  • 31 Jul 2006
    Sold for $550,000
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About Macs Cove 3723

The size of Macs Cove is approximately 5.2 square kilometres. It has 2 parks covering nearly 2.5% of total area. The population of Macs Cove in 2011 was 512 people. By 2016 the population was 82 showing a population decline of 84.0% in the area during that time. The predominant age group in Macs Cove is 60-69 years. Households in Macs Cove are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Macs Cove work in a labourer occupation. In 2011, 73.8% of the homes in Macs Cove were owner-occupied compared with 84.2% in 2016.

Macs Cove has 182 properties. Over the last 5 years, Houses in Macs Cove have seen a 111.18% increase in median value. As at 31 August 2024:

  • The median value for Houses in Macs Cove is $611,044 while the median value for Units is $218,883.
There are currently 1 property listed for sale, and no properties listed for rent in Macs cove on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in Macs cove.

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