THIS excellent property, which is located west of Mansfield, offers stunning views.

Selling agent Peter Holloway said it was a "great lifestyle property".

    BONNIE DOON
  • Property: lifestyle
  • Size: 5.18ha
  • Sale: private
  • Price: $485,000
  • Agent: Clark and Co Real Estate, Mansfield
  • Contact: (03) 5779 1700

And not only did it offer an outstanding lifestyle it also offered a source of income via olive production from the property's 500-plus olive trees, which are about 10 years old, he said.

There is a three-bedroom home at the property complete with a good kitchen and spacious living room with large windows.

There is a split-system air conditioner and a wood heater to keep the house at a comfortable temperature all year round.

There is also a second fully self-contained, two-bedroom cottage that could be rented separately, used as guest accommodation or adapted for use as a caretaker's residence.

The property has impressive views of a nearby lake and beyond to a mountain range.

"It's got potential to make an income, offers a great lifestyle and has great views," Peter said.

"It's just a beautiful property."

There is a triple-bay lock-up garage plus a separate machinery shed and workshop.

The property has two dams and a reliable bore, which is used to water the olive grove.

It is located about 10km from Bonnie Doon and about 25km from Mansfield.