Waterways at a glance
2,443
People
$1,825,000
Median sale
$732/wk
Median rent
2.09%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
VIC › Waterways › Lake King Circle
$3,420,000
Last sold
30 May 2026
5
Bedrooms
4
Bathrooms
3
Car spaces
1,001 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$3,420,000
30 May 2026 · derived via latest_sale
Local land rate: recorded House sales in Waterways (last 5 years) with land size have a median of $2,888/m² of land (n=20). Districts calculation from recorded sales — not a valuation.
Waterways at a glance
2,443
People
$1,825,000
Median sale
$732/wk
Median rent
2.09%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Vs Waterways
+87.4%
Median sale
Suburb $1,825,000
-0.98 pp
Gross yield
Suburb 2.09%
Suburb median $1,825,000 from 11 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $732/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Waterways at a glance
2,443
People
$1,825,000
Median sale
$732/wk
Median rent
2.09%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Area Specialist VictoriaIt’s Addressed:
Where modern opulence meets flawless architectural precision, this grand family estate offers a lifestyle of unparalleled sophistication. Situated in a premium pocket of Waterways, the home commands a striking presence with its streamlined facade, clean geometric lines, and manicured gardens, all set against a backdrop of tranquil lakes and picturesque trails.
A Grand Entrance
Step through the double-door entry into a world of bespoke design. High-gloss travertine floor tiles lead the eye through an open-plan layout defined by soaring ceilings and a central light-filled atrium courtyard. The formal front lounge makes a powerful first impression, while the heart of the home—the expansive family and dining zone—features a double-sided gas fireplace and full-height double glazed windows that frames views of the shimmering pool and spa.
This expansive home on 1000+ Sqm of land, has four versatile living zones including a 4K home theatre and mezzanine rumpus, Five oversized bedrooms; four designer bathrooms plus a downstairs powder room. Two car garage plus a car showroom.
The Pinnacle of Entertaining
Transition seamlessly via a smart electric door to the fully enclosed entertainers’ retreat—a space that truly transcends the ordinary. This climate-controlled pavilion is equipped for every culinary desire, featuring:
• A professional Goldstien Teppanyaki grill and built-in pizza oven.
• A custom wet bar and wood-burning fireplace for moody winter evenings.
• Seamless flow to the in-ground pool and spa.
• Automatic Vergola covered patio, with built in sound system, electric heat bars around the outdoor dining area.
• Wellness: Solar-heated salt chlorinated pool and gas-heated spa with low-maintenance surrounds.
Cinematic & Professional Spaces
For the cinephile, the downstairs theatre, featuring a 4K projector, a massive screen, built in sound system and custom cabinetry. Nearby, a dedicated home office provides a quiet, sophisticated environment for the modern executive, ensuring work-from-life balance is maintained with ease.
The Culinary Anchor
• The gourmet kitchen is a study in high-end functionality, boasting oversized waterfall stone benchtops and high-gloss cabinetry electrically operated. Outfitted with VZUG combi steam oven an electric oven and 5 burner gas cooktop, enormous walk-in pantry to accommodate all your food preparation equipment, and a dedicated breakfast nook to streamline your mornings.
The Private Quarters
Ascend to the upper level, where a flexible mezzanine rumpus serves as a central hub for five generous bedrooms. The Master Suite is a true sanctuary, featuring a Hollywood-style dressing room of immense proportions and a dual-vanity ensuite with a walk-in rainfall shower and bespoke feature basins.
Exceptional Infrastructure
No expense has been spared in the technical appointments of this home:
• Climate Control: Hydronic heating, evaporative cooling, split-systems air conditioning.
• The Connoisseur’s Edge: A dedicated 750+ refrigerated wine cellar and second garage designed as a car showroom.
• Tech & Efficiency: Roof solar power, built in sound system to the patio and entertainment retreat, security system and an upstairs laundry chute for convenience.
• Gardens: Fully automated irrigation and architectural RGB external lighting and 16000 litre water tanks.
The Location
Perfectly positioned for those who value both nature and convenience, you are mere meters from the Waterways Lake, the Nest Café, and waterfront playgrounds. Proximity to elite institutions like Haileybury and Lighthouse Christian College, alongside easy access trails, ride or walk to Mordialloc bayside beaches and the Mornington Peninsula Freeway, multiple shopping centres nearby completes this rare offering.
For more Real Estate in Waterways, contact your Area Specialist.
Note: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary to satisfy themselves with any pertinent matters.
Listing description written by Linna Wu, Area Specialist Victoria — reproduced as published, not verified by Districts.