344 Krongart Road, Penola, SA 5277

TDC Livestock and Property are proud to offer to the market “Still Water”, a truly once in a generation opportunity. Being a portion of one of the first settled properties in the South East of South Australia, just minutes from historical Penola, “Still Water” has a continuous family tenure of 155 years.

Comprising of some 561.14ha of absolute blue-ribbon grazing, “Still Water” will impress on inspection. The property has a rich history of breeding and turning off quality stock.

“Still Water” showcases productive loam over clay at depth, with pastures of Phalaris, fescue and cocksfoot and clovers, all in good health due to fine management and a long fertiliser history. The property is studded with huge red gums.

Fenced into twenty-three main paddocks with a laneway system to allow for ease of management. A great portion of “Still Water” has been refenced with thick gauge seven plain wire and additional hot wires.

Each paddock is watered by large concrete troughs. These are filled by tanks that have water reticulated to them by an electric pump located at the house through 50mm mainlines and 37mm poly branch lines. The whole system is backed up by windmills.

“Still Water” has a first class stock handling infrastructure. A vet endorsed high capacity set of undercover cattle yards with all weather access adds to the ease of management. There is a lockable store and processing room located near the hanging weigh box. Situated near to the yards is the hay shed and a smaller storage shed.

The workshop and further sundry shedding are found near the home. Surrounded by towering natural red gums, this setting truly must be seen to be believed, providing the ultimate backdrop that optimises country living at its finest.

The home offers a combined kitchen, dining and living area. The galley kitchen is well appointed, with a dishwasher, in-wall oven, ample bench space and walk in pantry. The area extends seamlessly to the dining area which boasts the most spectacular views over the lake and various wildlife which call the park like grounds home.

The dwelling features three bedrooms, with plenty of scope to adapt rooms to create further bedroom options. A huge 46m2 billiard room provides the ultimate family space, complete with built in library. Off this area you’ll find the main bathroom and separate toilet. The home also has a large office.

The main bedroom provides a large walk through robe to the ensuite which offers shower, bath and adjoining toilet (which can also be accessed from a central passage).

The home also offers ample linen storage, spacious laundry (with additional storage) and mudroom with external access.

The 21m x 4.5m outdoor pavilion provides the centrepiece of the home. The unique external wall feature stone offers visual appeal, complemented by a large pizza oven and open fire place. A double bay carport also connects to the property.

The truly magnificent gardens, which have featured in the Open Garden South Australia scheme, feature deciduous trees, roses, and perennials affording colour, texture and interest along with the small commercial quince orchard.  The vast garden also includes two connected wetland areas designed to help support the native ecosystem of birds, insects and wildlife.

Vendor Finance options available. Settlement of property in full February 2026. 

The offering of “Still Water” is a rare opportunity to secure a quality property in a highly regarded area of the South East of South Australia.

Contact exclusive listing agent Tom Pearce on 0427642138 for further information.

Property Code: 945