Thumbnail 1
Thumbnail 2
Thumbnail 3
Thumbnail 4
Thumbnail 5
Thumbnail 6
Thumbnail 7
Thumbnail 8
Thumbnail 9
Thumbnail 10

Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

7 Gay Street
Lakes Entrance, VIC 3909

6
Bed
3
Bath
4
Cars
Property Type: House
Listed Date: 24th Mar 2026
Overview

7 Gay Street, Lakes Entrance VIC 3909

This exceptional dual-dwelling property presents a unique opportunity to reside in one home while generating income from the other. Currently, one residence operates successfully as an Airbnb, while the second is leased as a permanent rental, making it an ideal investment for multi-generational families or those seeking additional revenue streams.

The main residence has been beautifully renovated and offers four spacious bedrooms and two modern bathrooms. It is designed for relaxed coastal living, featuring a light-filled open plan kitchen, dining, and living area. The sunken lounge adds a warm and inviting atmosphere, perfect for unwinding. Expansive wrap-around verandas provide an excellent space to enjoy stunning ocean views and outdoor living throughout the year.

Upstairs, the private master suite serves as a tranquil retreat, complete with its own balcony offering sweeping views. Additionally, a second large living area on this level provides versatile space for family activities, entertaining guests, or a quiet escape.

The property benefits from a low-maintenance yard, with all major work already completed, allowing for immediate enjoyment and ease of living.

The second dwelling offers privacy and comfort with two bedrooms, one bathroom, and a dedicated car park. Its open plan living area creates a welcoming and functional environment, complemented by a private backyard ideal for outdoor relaxation.

Whether you are seeking a home with income potential, a flexible living arrangement, or a smart investment, this property combines lifestyle and opportunity in one impressive package.

Location
7 Gay Street
Lakes Entrance VIC 3909
Market Insights for Lakes Entrance VIC 3909
New Listings (last 30 days)
8
Average price
$970,500
Lowest price
$425,000
Highest price
$1,650,000
Other properties in this postcode
31 Skidale Close, Lake Tyers Beach VIC 3909
$1,650,000
31 Skidale Close, Lake Tyers Beach VIC 3909
4 beds 3 baths 3 cars
116 Thorpes Lane, Lakes Entrance VIC 3909
$840,000
116 Thorpes Lane, Lakes Entrance VIC 3909
4 beds 2 baths 4 cars
28 Gay Street, Lakes Entrance VIC 3909
$1,225,000
28 Gay Street, Lakes Entrance VIC 3909
4 beds 3 baths 6 cars
20 Lake Tyers Beach, Lake Tyers Beach VIC 3909
$1,250,000
20 Lake Tyers Beach, Lake Tyers Beach VIC 3909
4 beds 2 baths 6 cars
4 Albatross Road, Kalimna VIC 3909
$425,000
4 Albatross Road, Kalimna VIC 3909
2 beds 2 baths 5 cars
53 Lindamay Court, Lake Bunga VIC 3909
$825,000
53 Lindamay Court, Lake Bunga VIC 3909
4 beds 2 baths 2 cars

* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.