5 Riviera Close, Paynesville, VIC 3880
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$725,000
5 Riviera Close, Paynesville, VIC 3880
3
2
1575m²
198m²
•
house - house: one storey / lowset
Property Description
Listed on 29 Jan 2026
Set in a highly sought-after pocket of Paynesville, this beautifully maintained three-bedroom brick home delivers an outstanding combination of space, convenience and future potential. Positioned on an exceptionally large allotment and just moments from the Primary School, shops, waterfront and township amenities, this property is ideal for families, investors or those seeking room to grow. Freshly presented throughout, the home offers a generous and versatile floorplan featuring multiple living and dining zones along with a dedicated study, providing plenty of space for everyday family life, entertaining or working from home. The centrally located kitchen forms the heart of the home, connecting effortlessly with the surrounding living areas. Accommodation is well catered for, with a master bedroom complete with a private ensuite and walk-in robe, while the remaining two bedrooms are spacious and include built-in wardrobes. Both bathrooms are tastefully finished, and comfort is assured year-round with ducted heating throughout the home, plus split system heating and cooling, complemented by a cosy wood heater for the cooler months. One of the standout features is the expansive backyard, accessed via a secondary driveway with wide side gates, making it ideal for securely storing boats, caravans, trailers or additional vehicles. Fully fenced with quality Colorbond fencing and featuring a garden shed, the yard offers exceptional space and flexibility. With its substantial block size and excellent access, there is also clear potential for future subdivision or further development (STCA). Located in a quiet court setting, the home enjoys a sense of privacy and safety while still being within easy walking distance to schools and the heart of Paynesville. Filled with natural light and offering immediate comfort, this is a property that can be enjoyed now while also presenting exciting opportunities for the future. Whether you're searching for a family home, an investment with upside, or a property with room to expand, this outstanding Paynesville opportunity is not to be missed. View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist
Property history
A breakdown of how regularly this property entered and exited the market for sale or lease.
$779,000
$425,000
$120,000
$85,000
Median house price trends
Comparing the price trend of houses in Paynesville against the state of Victoria over the last 4 years. Source: CoreLogic
Comparable properties
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Market activity
A snapshot of how quickly properties are selling in the area and how many are currently available.
82 Days
House median days on market
89 Days
Unit median days on market
132 Properties
Sold in last 12 months
110 Properties
Available in the last month
Paynesville residents
Key characteristics of the residents in the area, view the full breakdown of the suburb here.
60+
Is the most common age range
Outright Owners
Most common occupant type
Couples
Most common household profile
Professionals
Most common occupation
Detached Houses
Most common property type
Nearby education
Schooling and educational options in the area, for all ages.
Paynesville Primary School
K - Yr 6
Government
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Paynesville
View the suburb data
East Gippsland
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Victoria
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Median House: $454,863
Median Unit: $518,212
Median House: $646,697
Median Unit: $396,802
Median House: $690,952
Median Unit: $429,126
Median House: $574,762
Median Unit: $525,913
Frequently asked questions
5 Riviera Close is a House built in 2008 in Paynesville, Victoria. Review photos and floor plans for more detail on the construction and condition of the property.
The property at 5 Riviera Close includes 3 bedrooms, 2 bathrooms and no assigned parking spaces.
5 Riviera Close in Paynesville has a land size of approximately 1575 square metres and an internal floor area of around 198 square metres.
5 Riviera Close in Paynesville, Victoria includes a range of local schools, shops, public transport options and community facilities that support day to day living.
As of 10/1/2025, the property at 5 Riviera Close is not available in our data at this time.



























