And one look at this property and it is easy to see why.

Positioned on the popular Coal Point peninsula, the five-bedroom residence is on a 1420 square metre piece of land at 218 Skye Point Road that is bordered by lake shorelines on two sides.

Being inside the home is likened to being on a boat with stunning lake views from every room. On ground level a family room is separated from the kitchen, living and dining by a covered alfresco space and there are two bedrooms.

Upstairs are three further bedrooms, including the main which extends to a private balcony.

It also has a boat shed plus workshop and a triple carport.

"It's exciting because of its uniqueness," Mr Avery, of Avery Property Professionals, said. "It is such a wonderful position with two water frontages."

The property has been in the same family for three generations and, interestingly, was sold by Mr Avery's grandfather Fred Avery in the late 60s to the grandfather of the current vendors.

The property is open Saturday at 3pm and set for auction on July 24.

Expectations are believed to be around $2 million.