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Location

Market Insights for Prahran VIC 3181

New Listings (last 30 days)

Average price

$637,778

Lowest price

$380,000

Highest price

$1,300,000

604/188 Commercial Road, Prahran VIC 3181

$3,850,000

Search Band

$3.85M - $4.04M Transparent Based on an openly advertised listing price.

Apartment 3 beds 2 baths

Listed: 28th Jul 2026

Updated: 20 hours ago

Overview

This sophisticated apartment is an exceptional offering within the exclusive Comme Prahran collection, comprising just 32 residences that masterfully blend Edwardian heritage with modern luxury. Ideally positioned directly opposite Prahran Market, the location fuses the convenience of vibrant village living with tranquil elevated perspectives.

The thoughtfully restored facade anchors a building that delivers expansive, uninterrupted outlooks over the neighbourhood’s treetops and rooftops, creating a lifestyle marked by abundant natural light and an unusual sense of spaciousness for inner-urban living.

The interiors elevate wellness and quiet luxury, enhanced by premium fittings including Gaggenau appliances, alongside features such as circadian lighting and advanced air filtration that promote comfort and health. Residents benefit from sophisticated communal areas including a rooftop garden sanctuary, fostering both community and relaxation.

Particular attention has been paid to sustainability, with the design incorporating gas-free living, electric vehicle charging capability, double glazing for thermal efficiency, rainwater harvesting, and on-site edible gardens — a future-focused approach that delivers long-term value without compromise.

Living here offers seamless access to the rich local ambiance of Greville Street’s cafés, bakeries, wine bars, and restaurants, as well as public transport links via trams and trains, plus nearby green spaces like Prahran Square. This residence is ideal for discerning buyers seeking a refined, design-led home in Melbourne’s highly sought-after Stonnington area.

Local Market Insights

In Prahran, Quiet Listings observed 18 new apartments entering the market over the last 30 days, down from 30 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 53%, followed by houses (35%), and commercial properties (6%). 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.