U'Lochiel', 1590-1594 Mount Dandenong Tourist Rd, Olinda VIC 3788

(3) Block of land between other two titles - price open to negotiations.

- Lochiel Original Cottage: Two-level, four-bedroom, two bathrooms

- Three, tri-level, one bedroom, one bathroom, tree-top cottages

- A double-level guesthouse, with two bedrooms, two bathrooms, and two

kitchens

- With five dwellings set on this exceptional property, zoned for commercial use and

residential use, private accommodation, or the creation of a remarkable family

compound.

-  This is a once in a generation opportunity with substantial income including huge potential for growing the accommodation income.

Set across approximately three acres on three separate titles, this rare and long-held property offers an exceptional opportunity to secure a flexible accommodation holding just moments from Olinda Village. With five dwellings set on this exceptional property, the layout lends itself to commercial use, private accommodation, or the creation of a remarkable family compound.

At the heart of the property sits the charming original cottage, offering four bedrooms and two bathrooms across two levels, rich in character and warmth. The kitchen, fitted with stainless steel appliances and a breakfast bar, flows easily into the living spaces, and an adjoining balcony is perfect for a tranquil morning coffee. Positioned privately within the landscape, the main residence provides comfortable family living while supporting a range of future possibilities.

Further along the driveway are three separate treetop cottages, each thoughtfully positioned to provide privacy and flexibility. These contemporary guest accommodations include three, one-bedroom cottages and one two-bedroom cottage.

Each of the three striking tri-level retreats capture the magic of the surrounding forest from every angle. King-sized bedrooms perch high among the glorious gumtree branches, opening to balconies that place guests right within the canopy. Downstairs, jarrah floors, glowing log fires and picture windows frame tranquil forest views, while spa bathrooms feature oversized oval baths perfectly positioned for wildlife watching.

The fifth cottage - a double-level guesthouse - offers the same sense of privacy and comfort with an easy, flowing layout ideal for couples seeking a romantic getaway.

Each cottage has been thoughtfully designed with indulgent touches including fireplaces, private balconies, kitchenettes and beautifully appointed bathrooms with large spas and separate showers.

Outside, winding pathways weave through towering tree ferns, rhododendrons, magnolias, azaleas, maples, fir and chestnut trees and native rainforest plantings. Birdsong replaces background noise, while the filtered light through the canopy shifts with the seasons. Guests can wander to nearby restaurants and cafés, stroll to the famous Dandenong Ranges Botanic Gardens, or simply stay put and soak in the quiet.

For visitors, it feels like a hidden world. For the owners, it’s a rare lifestyle opportunity where home, business and nature exist in perfect balance.

The configuration of the main cottage creates a versatile setting suited to short-stay accommodation, private leasing (STCA), extended family living, or continued commercial use. With established gardens surrounding the dwellings and a layout that balances privacy with accessibility, the property offers both income potential and an amazing lifestyle opportunity.

With a short walk to Olinda Village, established tourism appeal, and flexible residential and commercial potential, the possibilities here are extensive. Whether continuing the accommodation use, expanding the offering (STCA), or transforming the property into a private multi-generational retreat, this is a rare opportunity seldom offered to the market.

Held for 30 years — now ready for its next chapter.

At a glance:

-       Rare opportunity — held by the same family for 30 years

-       Approximately 3 acres of land across three separate titles

-       Established accommodation configuration with commercial potential

-       Flexible options for business, private leasing (STCA), or family compound living

-       Private surrounds with established gardens

-       Highly desirable lifestyle location near Olinda Village

-       Scope to enhance, expand or reimagine the offering (STCA)

Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice.