Experience the best of both worlds with this unique Paynesville gem - a harmonious blend of a coastal lifestyle with captivating water views to the East, South and West, gaze at the magnificent sun rises and sun sets across the water all the while embracing the tranquillity of lush, tree-filled surroundings. Take advantage, of your private deep-water jetty situated at the water's edge and protected from the wind in a sheltered bay. This extraordinary property not only offers idyllic living but also presents a fantastic opportunity to generate income or house the family with its exquisitely appointed and welcoming bed and breakfast units. Originally envisioned by the current owners as an art gallery, two luxurious bed-and-breakfast units, and a stunning residence, this property has been brought to life with the artistic touch of designer Deborah Bennett. The result is a captivating "simple, elevated rural Australian building" that perfectly complements the natural beauty of its environment. Upon entering, you'll be greeted by the warmth of Victorian ash timber and a bright, open space in the art gallery. This generous area also offers options of a second living area or a grand dining area which effortlessly integrates the indoors with the outdoors. Adjacent to the gallery, you'll find a spacious office, and a step-down leads to the current formal dining room that flows into the open-plan and well-lit kitchen and lounge area, complimented by a wood fire as well as split system. The kitchen features steel bench tops and St George double ovens, as well as a roll-down timber screen to conceal your appliances. From the dining room the timber stairs lead you to two well-appointed bedrooms, a bathroom, and a generous study. The north facing second bedroom features a large step-in wardrobe and ample space. The main bedroom boasts magnificent water views, a sizable walk-in robe, and access to the ensuite, creating a peaceful retreat. Enjoy entertaining outdoors with a large, decked area to take in your surroundings. The bed and breakfast units, affectionately named the Kookaburra and Rosella rooms, have become favourites among visitors. Both units feature cosy lounge/bedroom spaces with gas log fires and split system cooling, luxurious ensuites complete with inviting spa baths and access to the expansive decked verandah to embrace the natural landscape and native plants. Guests have even had the opportunity to bring their own boat and enjoy the convenience of the private jetty. Not sure about running a bed-and-breakfast? These units would be perfect for teenage children, family and friends visiting or even an elderly parent living with the family. For added fire protection, a substantial rainwater tank is connected to a sprinkler system. The pump is solar charged and provides extra peace of mind. The home is conveniently situated on the 5927sqm allotment to allow potential subdivision or further develop the business opportunity at the property with further dwellings (STCA). Picturesque and inviting, this property promises a lifestyle that seamlessly blends coastal and rural living, making it a must-see. Schedule your inspection today to witness the magic of this exceptional Gippsland Lakes estate first hand. View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist