7 Gay St, Lakes Entrance, VIC, 3909

DUAL INCOME OPPORTUNITY

House
Type
6
Bedrooms
3
Bathrooms
4
Parkings

Last updated on Tuesday, March 17, 2026 ( See property details for 7 Gay St, Lakes Entrance, VIC, 3909)

$980,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile dual-dwelling property in Lakes Entrance offering stunning ocean views, modern living spaces, and excellent income potential.

🏑 Property Highlights

  • Dual-dwelling configuration with income-generating potential
  • Beautifully renovated main residence with ocean views
  • Spacious main home featuring four bedrooms and two bathrooms
  • Private master suite with balcony and sweeping views
  • Open plan living, dining, and sunken lounge for relaxed coastal living
  • Low-maintenance yard with outdoor verandas for year-round enjoyment

✨ Key Features

  • Open-Plan Living
  • Balcony
  • Outdoor Area
  • Built-in Robes
  • Waterfront / Views
  • Garage / Secure Parking
  • Outdoor Area / Balcony
  • Internal Laundry
  • Pet-Friendly
  • Extra Storage (Shed/Linen)
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7 Gay St
Lakes Entrance, VIC 3909
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Vertical aerial view β€” 7 Gay St
7 Gay St — Vertical Aerial  •  Lakes Entrance, VIC 3909  •  Nearmap © 2026

Lakes Entrance is a vibrant coastal town renowned for its stunning waterways, pristine beaches, and relaxed lifestyle. It offers excellent fishing, boating, and outdoor activities, making it ideal for families and outdoor enthusiasts. The area features a close-knit community, local amenities, and scenic natural beauty. With easy access to Melbourne and regional attractions, Lakes Entrance is perfect for those seeking a peaceful yet active coastal lifestyle.

What are the main lifestyle benefits of living in this dual-dwelling property?
This property offers flexible living arrangements, income generation opportunities, stunning ocean views, and easy access to outdoor activities and coastal amenities.
How is the property configured for rental or Airbnb use?
The main residence and second dwelling are separately configured, with private entrances, living areas, and amenities, making them ideal for short-term or long-term rentals.
What are the recent renovations and upgrades made to the property?
The main residence has been beautifully renovated with modern finishes, spacious bedrooms, updated bathrooms, and an open plan kitchen and living area designed for relaxed coastal living.
Is the property suitable for multi-generational families?
Yes, the dual-dwelling setup provides privacy and space for multi-generational living, with separate living areas and private outdoor spaces.
What outdoor features enhance the property’s appeal?
Wrap-around verandas, a private backyard, and ocean-view balconies create ideal outdoor spaces for relaxation, entertaining, and enjoying the coastal scenery.
Are there any zoning restrictions or planning overlays that could affect future development or modifications? What are the total ongoing costs, including council rates, strata fees (if applicable), and maintenance? Are there any known issues with the property’s structure, plumbing, or electrical systems? Is the property located in a flood or bushfire-prone area, and what precautions are in place? Are there any easements, covenants, or restrictions that could impact use or renovations? What is the history of the property regarding previous repairs or insurance claims? Are there any upcoming developments or construction projects nearby that could affect the property’s value or lifestyle? Is the property compliant with all local building codes and regulations? What are the terms of the current rental agreements, and are there any lease restrictions? Are there any additional costs associated with maintaining the dual-dwelling setup?

7 Gay St, Lakes Entrance, VIC, 3909 - More Details

DUAL INCOME OPPORTUNITY

This unique dual-dwelling property offers the perfect opportunity to live in one home while generating income from the other. Currently configured with one residence operating successfully as an Airbnb and the second as a permanent rental, it's an ideal setup for investors, multi-generational living, or those seeking additional income. The beautifully renovated main residence features four spacious bedrooms and two modern bathrooms. Designed for relaxed coastal living, the home boasts a light-filled open plan kitchen, dining, and living area with a sunken lounge that creates a warm and inviting space to relax. Wrap-around verandas provide the perfect setting to take in the stunning ocean views and enjoy outdoor living year-round. Upstairs, the private master suite offers a peaceful retreat, complete with its own balcony where you can enjoy sweeping views. A second large living area on this level provides additional space for family living, entertaining, or a quiet escape. With a low-maintenance yard and all the hard work already completed, the home is ready to move in and enjoy. The second dwelling offers privacy and comfort with two bedrooms, one bathroom, and its own dedicated car park. The open plan living area creates a welcoming and functional space, while a private backyard provides room to relax outdoors. Whether you're looking for a home with income potential, a flexible living arrangement, or a smart investment, this property delivers lifestyle and opportunity in one impressive package. Contact us today on 51551201 to arrange an inspection.
Type
House
Bedrooms
6
Bathrooms
3
Parkings
4

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