8A Bayview Court, Metung VIC 3904

Award-nominated custom coastal design | 1.46 acre private retreat | Self-contained income potential | North-facing heated plunge pool This property presents a rare, high-specification coastal holding distinct from typical Metung stock. Its competitively strong position derives from an award-nominated custom build on a large, private parcel, offering a multi-generational or dual-income layout with a separate studio and self-contained lower level. The configuration serves affluent buyers seeking a premium lifestyle asset with inherent flexibility for guest accommodation or rental supplementation, positioning it well above standard housing in both finish and functional utility. The primary decision hinges on reconciling its premium ask against a softer rental yield and limited direct sales comparables. The commercial logic for holding is as a private lifestyle purchase with ancillary income offset, not a yield-driven investment. Specific risk mechanisms include the bushfire overlay and the capital cost of maintaining extensive grounds and premium features. Proceed only if the value is anchored in long-term personal use, with income treated as a secondary benefit. Recent sales context is limited, but signals a premium positioning. A nearby vacant 6000m² lot with permits is marketed at $465k, while other area listings range from $900k to $1.295m. This property’s last recorded private treaty sale was May 2022. The scarcity of direct comparables for a house of this scale and finish in Metung underscores its niche market, requiring value assessment based on its unique attributes rather than neighborhood averages.