185 Craig Road, Pearcedale VIC 3912

Large acreage flat agricultural land | Green Wedge zoning | irrigation infrastructure | caretaker’s house | highway access This property presents a rare commercial-scale landholding within Melbourne’s fringe, protected under Green Wedge zoning which secures its agricultural purpose against suburban encroachment. Its prime value lies in the 16 hectares of flat, productive land with established water infrastructure, making it a turnkey operation for serious primary production, equestrian, or agri-business expansion. The modest residence is functionally secondary, suitable for a worker or as a base for future renovation, positioning this for a buyer whose priority is land utility over luxury living. The primary risk is the significant price premium commanded for the land, which is not supported by the single, limited comparable sale provided. This demands rigorous, independent valuation against recent agricultural land sales in the area to justify the $2.5-$2.7 million ask. The opportunity is to acquire a consolidated, irrigated parcel with strong logistical access, ideal for a holder seeking long-term agricultural use or land banking within a protected zone. Treat this as a business land purchase first, with the house as an operational facility. A single comparable sale is noted: a house in Pearcedale sold for $980,000 from March 2025. This highlights the stark value divergence, as the subject property’s price is driven almost entirely by its substantial land component, not the dwelling. Buyers must validate the asking price through dedicated rural land sales data, not residential comparisons.