Keilor East property boasts stunning Valley Lake views

The four-bedroom home at 88 Valley Lake Boulevard, Keilor East, enjoys a rare lakefront position just 14km from Melbourne’s CBD.

A Melbourne home with million-dollar lake views straight out of Bonnie Doon has hit the market for a fraction of the price.

It comes as Keilor East’s tightly held Valley Lake estate cements its reputation as one of the city’s hidden gems with, where buyers have paid up to $3m for prestige homes with panoramic water views.

The four-bedroom, two-bathroom residence at 88 Valley Lake Boulevard with a $700,000-$770,000 price guide, occupies a prime corner block with direct views across the lake, a private sundeck and a flexible floorplan suited to families, downsizers or investors.

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Matthews Agency director John Matthews said the address was already proving a magnet for young families, while downsizers were also drawn to the low-maintenance lifestyle.

“It’s million-dollar views at a far more accessible price point – and only 14km from the city,” Mr Matthews said.

Mr Matthews said buyers were also drawn to the property’s number, with “88” considered lucky, and tipped the home to be well over $1m within the next decade as the pocket grows in profile.

Large island bench creates a stylish focal point for entertaining and everyday family life.

Valley Lake provides a rare waterfront setting in Keilor East, with panoramic views and walking trails right on the doorstep. Picture: Nearmap

“Valley Lake is still a bit of an undiscovered hotspot. You’ve seen prestige sales hit $2m –$3m here, and opportunities like this are only going to become rarer,” he said.

The home features open-plan living, a modern kitchen with Bosch appliances and stone benchtops, an al fresco entertaining area, Euro laundry and secure garage.

The master bedroom has a walk-in wardrobe, ensuite and balcony overlooking the water.

Open-plan dining space overlooking the courtyard garden, a natural hub for family meals and entertaining.

Upstairs bedroom with mirrored robes and balcony access, designed to capture lake views.

The Matthews Agency director said the “holiday at home” vibe was the property’s “true X-factor.”

“Standing on that sundeck feels like you’ve booked a resort getaway. Serenity and proximity rarely coexist in Melbourne – but here, they do,” Mr Matthews said.

Resort-style sundeck with uninterrupted water views across Valley Lake, the property’s standout feature.

Modern bathroom with sleek black tapware and stone finishes, part of the home’s move-in ready appeal.

Families are also expected to chase the location for its zoning to Penleigh and Essendon Grammar, along with proximity to walking trails, Keilor Road’s cafes and the Cannoli Bar.

The home heads to auction 1pm this Saturday.