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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

Location
Market Insights for Prahran VIC 3181
New Listings (last 30 days)
18
Average price
$637,778
Lowest price
$380,000
Highest price
$1,300,000
Other properties in this postcode

605/188 Commercial Road, Prahran VIC 3181

Listed: 28th Jul 2026
Updated: 2 hours ago
Overview

Located directly opposite the iconic Prahran Market, this exclusive residence within Comme Prahran offers rare luxury living in one of Melbourne's most sought-after village precincts. The boutique development comprises just 32 private apartments, seamlessly blending preserved Edwardian architecture with contemporary design flair by acclaimed architects Cera Stribley.

The elevated setting provides expansive views over Prahran’s neighbourhood rooftops and treetops, creating a welcoming sense of space and abundant natural light uncommon in inner-city apartments. Interiors emphasize tranquility and wellbeing, featuring soothing Zen-inspired color schemes paired with high-end finishes including premium Gaggenau kitchen appliances.

Residents benefit from thoughtful amenities that enhance lifestyle and comfort, such as options for circadian lighting and advanced air filtration systems. Communal spaces include a rooftop garden sanctuary offering a peaceful retreat within the vibrant urban environment. Sustainability is integral to the design, with features including gas-free living, electric vehicle charging access, a 7-star energy rating, double-glazed windows, rainwater harvesting, and edible gardens reflecting a conscientious approach to eco-friendly urban living.

This address perfectly suits discerning buyers seeking a design-focused home offering both heritage charm and modern convenience. Its proximity to bustling Greville Street, abundant cafes, artisan bakeries, wine bars, and restaurants connects residents effortlessly to the vibrant lifestyle of Prahran. Excellent transport links with nearby trams and trains, plus access to Prahran Square, further enhance the neighborhood's appeal. With limited availability, this apartment presents a unique opportunity for ownership in a prestigious and well-connected inner-city community.

Local Market Insights

In Prahran, Quiet Listings observed 18 new apartments entering the market over the last 30 days, down from 29 during the previous 30-day period, with an average advertised asking price of $637,778. The property type mix of listed properties is predominantly Apartments at 50%, followed by houses (36%), and commercial properties (8%). The most active agency for apartments in the Prahran area is currently Belle Property, representing 39% of new listings, followed by Buxton Real Estate Group with 33%. 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.

Change History
Headline When
$3,250,000
$3,200,000