The family of Australian technology entrepreneur, George Kepper, has listed Karra Downs for sale – a sprawling 180-acre coastal estate near Metung – marking a rare opportunity to acquire one of the Gippsland Lakes’ most significant waterfront properties.
Located at 160 Nungurner Jetty Road in Nungurner, Karra Downs has been under the custodianship of the Kepper family since 1985. It comprises a main homestead, Manager’s Cottage, renovated machinery shed, a workshop, cattle yards and enjoys 1.8 kilometres of direct water frontage to Bancroft Bay and Boxes Creek accessible by private jetty.
The meticulously crafted main homestead and Manager’s Cottage feature striking timber finishes throughout, giving both residences a cohesive architectural character.
The main homestead comprises five bedrooms with water views and four bathrooms. Multiple living and dining zones with floor-to-ceiling windows are positioned to take in views across Bancroft Bay, while modern kitchen facilities and an expansive outdoor terrace overlooking the water provide great entertaining amenity.
Additionally, the Manager’s Cottage provides a further four bedrooms and two bathrooms, together with a large kitchen and several living areas facing Boxes Creek, offering flexibility for multi-generational living, guest accommodation or on-site management.
Commenting on the property’s forthcoming sale, a spokesperson for the owners said: “Karra Downs has a way of peeling away the stress of work life. It has been a restorative place for us for over 40 years.”
“We have put a great deal of work into setting the estate up for the next generation. It is a walk-up start for anyone that wants to soak in the serene landscapes, run livestock, or create a sanctuary of their own that is connected to both the water and countryside.”
Karra Downs occupies a site selected during World War II for lodging RAAF radio operators, chosen for its undulating hills that create natural blind spots from the sea and surrounding land. The aviation theme continued after George Kepper acquired the property, who later built the nearby Great Lakes Airfield to enable fly-in access to the estate.
Christie’s International Real Estate Victoria’s Sean Cussell has been appointed as the exclusive agent for the property, stating: “Karra Downs truly is a generational estate. Its scale, commanding water frontage, extensive amenity and multi-title flexibility make it an extraordinarily rare acquisition opportunity for the area.”
“It is a turnkey trophy property with rich historical significance, remarkable craftsmanship and direct access to one of Victoria’s most pristine coastal environments. And being just a 10-minute drive from Metung certainly elevates its lifestyle appeal.”
The landholding sits across five individual titles offering future owners’ versatility for lifestyle, agricultural, equine or eco-tourism pursuits (STCA). It is situated eight kilometres from Metung village, 18 kilometres from Lakes Entrance and 34 kilometres from Bairnsdale. It is approximately three-hours’ drive from Melbourne.
Karra Downs has a price guide of $7,000,000 – $7,700,000 and is being sold via an Expressions of Interest campaign closing on Friday 6 February at 3pm.
To make an enquiry or arrange a private inspection of Karra Downs through Christie’s International Real Estate Victoria, please contact Sean Cussell.
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