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15535 RIDDOCH HIGHWAY, Penola$832,500
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For Salehouse

15535 RIDDOCH HIGHWAY

Penola, SA 5277, Australia
$795,000 – $870,000
7 bed 2 bath 4 car7800 m²

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About this property

Positioned in the heart of the Coonawarra wine region, just minutes from historic Penola and halfway between Adelaide and Melbourne, this impressive Mount Gambier stone homestead (circa 1951) proudly overlooks the gardens and vineyard, exuding timeless character with its entrance and gardens, solid stone construction and art deco flourishes. Previously run as a boutique cellar door and dining destination, the front building presents an exciting opportunity to reimagine the space as a grand family home or charming wine country retreat, with up to three bedrooms and multiple potential living areas. While the front homestead awaits your personal touch, the second dwelling at the rear (affectionately known as the Winemaker's House) is ready to move into. This 4-bedroom residence offers modern comfort and vineyard views, complete with a stylish kitchen, bathroom with underfloor heating, and relaxing outdoor spaces. Set on approximately 7,800 m² (just under 2 acres) of fertile land featuring Coonawarra's iconic terra rossa soil over limestone, this property captures the essence of one of South Australia's most celebrated wine districts. It's a haven for those seeking a true country lifestyle with room for generations to thrive, surrounded by the beauty, history, and community spirit of Penola. Feature packed offering: Stone Homestead 4 spacious rooms all with captivating vineyard and garden views Open Plan Living/Dining Formal Dining Kitchen with island bench and vineyard views Bathroom with full sized bath Powder room accessed externally Slow combustion fireplace Office with open fire place Single Bay Garage Back to base Security System including in garage Well established and maintained gardens Wine Makers House 4 Bedrooms Open Plan Kitchen/Lounge/Dining Kitchen with Dishwasher, 900 cm gas cooktop and electric oven, Schweigen silent rangehood Bathroom with full sized bath and in floor heating Second toilet Laundry Veranda Separate power meter Currently operating as accommodation with a predicted return of $50,000 PA, intellectual property included in sale by request Sheds and other Triple Bay plus Workshop 3 phase power Water tanks 105,00 L Water licence is included in the sale. Pickers Hut Enclosed Limestone Water Tower This property offers versatility without compromise. However you choose to make it your own, the lifestyle on offer truly speaks for itself! Inspection is via booking with agents only and is a must. Start living the dream!

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
7
Bathrooms
2
Parking
4
Land Area
7800 m²
Listed
3 months ago

Repayment calculator

$4,036/month
$2,018 /fortnight
Loan $666,000 at 6.10% over 30 years

Upfront costs

Deposit$166,500
Stamp duty$39,618
Conveyancing (est.)$2,000
Total upfront$208,118
Verify with SA revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Penola

This 7-bedroom house in Penola, SA 5277 sits within reach of and nearby schools. It is listed 197% above the $280,000 median of 38 comparable houseswithin 5 km.

Schools near Penola

  • Mary MacKillop Memorial Schoolprimary · R-6 · CoEd
  • Penola Primary Schoolprimary · R-6 · CoEd
  • Penola High Schoolsecondary · 7-12 · CoEd

Penola at a glance

Full suburb profile
Population
1,622
Median age
47
Household income
$1,369/wk
Median rent
$198/wk
Median mortgage
$1,050/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Penola price trend

Median sold · House 3 bed

Compound growth +15.3% / yr over 4 yrs

$455kcurrent median

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