There's a few options here to take full advantage of this great lakeside location. You could complete the renovation of the cedar clad barn to use it as a home (STCA) or build the new country home of your dreams (STCA) but make sure to include big windows to enjoy the lake views.
Outside there's plenty of room for some four legged friends with 3 fenced paddocks, a seasonal creek, a big dam and even a horse shelter. If you prefer your horsepower motorised you could build your own motorbike track as the land is pretty level (unlike some other properties in Bonnie Doon) and of course you can launch your boat or jet skis at the Kennedy Point ramp just a few metres down the road.
The 'Doon Doctor' makes a visit most summer afternoons, a lovely breeze sweeping across the lake to cool you down while you enjoy a refreshing beverage on the patio and appreciate the view. And the serenity....don't forget the serenity.