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1 Lipari Court, Frankston South VIC 3199

$1,980,000 - $2,100,000

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$1.98M - $2.08M Transparent Transparent Listing Based on an openly advertised listing price.

House 5 Beds 5 Baths 4 Cars 2688 m²

Listed: 27th Jul 2026

Updated: 18 days ago

Overview

This expansive five-bedroom, five-bathroom home offers a rare opportunity for families and entertainers seeking generous living spaces on an impressive two-thirds of an acre in a coveted location. The prized north-eastern corner block benefits from dual frontage, providing both privacy and extensive natural light throughout the day.

Designed to accommodate a variety of lifestyles, the interior plan is thoughtfully zoned to allow family members their own sanctuary while promoting connection in the common areas. Soaring ceilings emphasize the home's spaciousness, contributing to a bright and airy atmosphere that complements its mature garden surrounds.

A formal lounge featuring an open fireplace offers a classic gathering spot with timeless charm.
The poolside rumpus includes a drinks bar, perfect for casual entertaining or relaxing after a swim.
An upper-level lounge opens onto a balcony with views stretching to the Dandenong Ranges, enhancing indoor/outdoor flow and providing a tranquil retreat.
The updated granite kitchen serves as the heart of the home, effortlessly connecting to a large alfresco area overlooking the north-facing heated pool and spa - ideal for summer leisure and family get-togethers.
Complementing the pool is a cedar sauna and an adjacent fifth bathroom, set apart to ensure comfort and convenience without disrupting indoor spaces.
The grounds include a full-size tennis court, offering year-round recreation and entertainment possibilities fitted for all ages.

Additional amenities elevate everyday comfort and practicality, including hydronic floor heating, ducted heating, evaporative cooling, solar panels, and a ducted vacuum system. Storage and vehicle accommodation are well-catered for with dual double remote garages and expansive storerooms. Security and convenience features such as intercom, keyless entry, and a first-floor laundry chute add further appeal.

Located within the sought-after Derinya Primary School zone and just minutes from Mount Eliza Village, transport links, Peninsula Link, and Overport Park, the property combines prestigious schooling, lifestyle amenities, and excellent connectivity. Its considerable scope for modernisation (STCA) provides a platform for future enhancements, allowing buyers to personalise this exceptional residence to their exacting standards.

Local Market Insights

In Frankston South, Quiet Listings observed 66 new houses entering the market over the last 30 days, down from 69 during the previous 30-day period, with an average advertised asking price of $1,039,985. The property type mix of listed properties is predominantly Houses at 69%, followed by units (15%), and apartments (7%). The most active agency for houses in the Frankston South area is currently OBrien Real Estate, representing 23% of new listings, followed by Ray White with 17%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.