5 Centennial Parkway, Kilaben Bay NSW 2283

5-bedroom acreage estate | Lake Macquarie western shores | 2.29ha with pool and guest wing | Architect-designed with mountain views The property’s competitive strength lies in its rare combination of a 2.29ha lot with a substantial 492m² residence within 15 minutes of Toronto’s amenities, a configuration almost impossible to find under $3M in this lakeside corridor. The separate guest wing, dedicated study, and 5kW solar system make it particularly suited for multigenerational families or remote workers who require both space and separation. The resort-style pool and multiple timber decks create genuine indoor-outdoor living that commands premium interest from buyers seeking a permanent rural lifestyle without sacrificing proximity to schools and the lake. Bushfire and flood overlays represent the primary risk, potentially increasing insurance costs by 20-30% and limiting some lender appetite, though the property’s elevated position at 53m mitigates flood exposure. The estimated value lagging the price guide suggests the seller may be testing the market at auction, giving a disciplined buyer room to negotiate if bidding is slow. This property should be held as a long-term family residence where the land component will appreciate faster than the house, and the solar and guest wing provide immediate lifestyle and income offset benefits.