7 Mcrae Street, Lakes Entrance VIC 3909

Dual living potential | Heated pool | Ocean views | 1.98 acres This property offers a rare combination of generous landholding and dual living configuration, which is competitively strong in a coastal market where subdivision potential or multi-generational setups are limited. The heated pool and uninterrupted ocean views add lifestyle appeal that typically commands a premium, while the quiet, private positioning on McRae Street reduces noise exposure. It serves best a buyer seeking a family compound or an income-auxiliary setup, where the dual living can offset holding costs or accommodate extended family without sacrificing privacy. The primary risk is the lack of recent comparable sales data for five-bedroom houses in Lakes Entrance, making valuation uncertain and potentially exposing the buyer to a longer holding period if the market narrows. The property’s age and last sale in 1989 suggest deferred maintenance may be present, which could require capital outlay post-purchase. However, the large allotment and owner-occupied street profile with long-term residents indicate stable neighbourhood demand. Hold this property as a long-term lifestyle base with the option to rent one dwelling to improve cash flow.