Situated in the exclusive Penrose Place Estate, Newlands Arm, this 1058sqm allotment, featuring stunning elevated views over Lake Victoria, is the ideal location for your new dream home! Easy access to Dawson's Cove and the waterfront reserve provides public boat ramp & jetty, swimming beach, picnic area and waterfront walking trails. With Paynesville shopping, cafes & restaurants only 15 minutes away, this really is a great opportunity to create your Gippsland Lakes lifestyle. With power, sewerage, town water and NBN, everything is set and ready for your new home or holiday getaway.