A change in ownership can sometimes bring uncertainty, but at Captains Cove in Paynesville it signals a refreshing new chapter in local knowledge, family values and a love for East Gippsland.
New owners Maddison Fecondo and David Cooper are not outsiders chasing a trend.
They are locals at heart, shaped by growing up in Marlo and on the land — and their decision to take on this iconic waterfront accommodation reflects both courage and careful intention.
Drawn to nature, water and a lifestyle that balances work with family, the couple saw Captains Cove as a rare opportunity to build something meaningful while showcasing the region they love.
For Maddison, the move represents a shift away from working for others after a career in banking, real estate and finance.
For David, whose project management business continues to thrive, it is a chance to support a family-run venture without losing balance.
Together, they took the leap at a moment when the timing felt right, a feeling confirmed during their very first visit to the property.
What struck them most as visitors, and what they are determined to preserve is the tranquillity of Captains Cove.
The peaceful canals, the sense of escape and the feeling of being “a million miles away” remain central to their vision.
Return guests can expect the same impeccable apartments, stunning water views and friendly, high-quality service that has long defined the resort.
The experienced housekeeping team remains in place, bringing invaluable local knowledge and consistency.
Maddison and David are taking a hands-on approach, working alongside staff and being present on site to ensure a smooth transition and a welcoming experience for every guest.
While the essence of Captains Cove will remain unchanged, guests can also look forward to thoughtful enhancements.
Plans include rebranding, upgrades to gardens and the pool area, locally sourced barbecue and breakfast packs, and kayak hire — additions that enhance the stay without compromising the calm that guests cherish.
Beyond the property itself, the new owners have a broader vision.
They see Captains Cove as a gateway to East Gippsland, offering packages that connect visitors with local restaurants, wineries, wellness experiences and events.
They believe when local businesses collaborate, the region benefits.
Like any new venture, it comes with learning curves.
Balancing two businesses and entering a new industry requires patience, something they admit does not come easily.
As this new chapter begins, Captains Cove remains what it has always been: a place to unwind, reconnect and fall in love with the water and the region.
Under its new custodians, it also promises something more — a heartfelt invitation to experience East Gippsland through the eyes of those who call it home.
