A lovely position offering privacy, views and excellent building sites. Comprising 84 pastured acres Arraluen offers a great opportunity to develop a superb rural lifestyle property. In very close proximity to the Pauls Range State Forest, riding or hiking out from the property is a great attraction you wont see the kids till tea time while a myriad of further options include grazing livestock, vineyard development, horticulture development or almost any Yarra Valley agricultural pursuit. An old home is presently in need of some TLC and would renovate for a place to stay while building or as a weekender. Other buildings include an old dairy and machinery storage shed. Power and phone are connected and water is amply catered for buy 3 large dams with excellent catchment and 3 stock water dams. Undeveloped land of this quality has becoming a rarity in the area making this is an opportunity not to be missed.