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Accommodation in Paynesville

Waterfront Apartments

Welcome to Captains Cove Waterfront Apartments, where relaxation, unwinding, and enjoyment await.

Nestled on the absolute waterfront, each of our 15 thoughtfully designed apartments offers a stylish retreat with living areas, kitchens, and decks overlooking the water. Master bedrooms feature private balconies with stunning views, promising serenity and comfort.

Enjoy our resort facilities, including indoor heated pool, tennis court, basketball ring, private jetties and boating and fishing facilities. Base yourself at Captains Cove and immerse yourself in the natural beauty of East Gippsland and the Gippsland Lakes.

Tamara Cook

Manager Captains Cove

Absolute waterfront accommodation in the heart of the Gippsland Lakes

Flexible Options

Our Apartments

Everything You Need

Resort Facilities

Great Offers

Special Deals

Indoor Heated Pool

Private Jetties

Boating & Fishing Facilities

Basketball & Tennis Spaces


From TripAdvisor

Captains Cove Waterfront Apartments boasts over 200 5-star TripAdvisor reviews and has  proudly held a Certificate of Excellence since 2013, a testament to our exceptional guest experiences.

TripAdvisor Certificate of Excellence Badge
Average rating 5 / 5

Special Deals, just for you

Don’t forget to check out our exclusive deals, providing you with exceptional savings on our waterfront accommodations and unique experiences. Whether you’re seeking a romantic escape or a family adventure, we can’t wait to welcome you to Captains Cove!

1 Night Free

Celebrate our year-round offer: stay 7 nights, and only pay for 6 (excluding peak periods).

Winter Bonus

Our irresistible offer is back: Stay 4 nights during winter and get one night free (conditions apply).

Hot Spring Indulgence

Experience the ultimate relaxing getaway: 3 nights in a waterfront apartment and priority hot spring passes (conditions apply).

We're waiting for your

Discover Paynesville & East Gippsland

Paynesville, a charming seaside town in the heart of the Gippsland Lakes, is the perfect water playground – offering rivers, beaches and lakes ready for boating and fishing.

Explore East Gippsland’s scenic nature trails, enjoy restaurants serving the finest local produce, or catch a ferry to Raymond Island, one of the best places in Australia to see koalas in their natural habitat.

Discover this region’s natural beauty all year round, offering a peaceful escape and a chance to connect with nature, safe in the knowledge that your luxurious apartment awaits your return. 

The Perfect Gift

Give the gift of unforgettable experiences with a Captains Cove Waterfront Apartments gift voucher. Whether it’s a romantic getaway, a family holiday, or a well-deserved retreat, our vouchers offer the perfect opportunity to indulge in stylish accommodation and breathtaking waterfront views.

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The best for our guests

At Captains Cove, we prioritise two things: your comfort and environmental sustainability. Our commitment to quality is backed by our accreditation as a Victorian Tourism industry Council (VTIC) star-rated and sustainable tourism business (view certificate). 

Our guests deserve the best, and we strive to deliver it in a sustainable way. Each room provides access to One Fairtrade tea, coffee, and hot chocolate, ensuring high-quality products while supporting fair compensation for farmers. Our Biology range of bathroom products, inspired by the local coastline, is chemical-free and designed to minimise single-use plastic waste entering landfills.

The Best of East Gippsland

Enjoy Our Beautiful Backyard

We’ve done the hard work for you! Check out our favourite ‘Top 5’s’ – covering everything from daytime dining, evening hang outs, the perfect picnic spot and everything in between!