2132-2140 Bellarine Highway, Point Lonsdale VIC 3225

5-bed coastal holding | 15+ hectare rural lot | flood zone constraint | boutique accommodation income | panoramic bay views What makes this property competitive is its unusual combination of scale and location. At over 15 hectares with a modern 2013-built dwelling, it sits well outside the typical Point Lonsdale residential pattern of smaller coastal lots. The elevated position with panoramic views from Portsea to Ocean Grove gives it a rare visual amenity that most houses in the suburb lack. The existing boutique accommodation business adds an income layer that appeals to lifestyle buyers seeking a sea change with financial support, or investors wanting a private retreat with short-stay potential. The five-bedroom, two-bathroom configuration with eight car spaces suits multi-family use or guest accommodation comfortably. The flood zone designation is a material constraint that may affect insurance costs, future development potential, or lender appetite for the property. Being on the Bellarine Highway frontage might introduce traffic noise that some buyers would want to assess in person. The last sale at $1.3375 million over a decade ago provides a historical baseline, but the current value depends heavily on how the accommodation business income is capitalised and whether the buyer intends to continue that use or convert to pure residential. The 2013 build year means the house is relatively modern, though finishes and systems should be inspected rather than assumed from listing copy. Buyers should weigh the lifestyle premium of the views and land area against the practical constraints of flood risk and highway exposure when forming a view on price.