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2 Yamala Drive, Frankston South VIC 3199

New Price | $4,500,000-$4,950,000

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$4.5M - $5M High Confidence Calculated based on strong search observations.

House 5 Beds 3 Baths 2 Cars 2690 m²

Listed: 28th Jul 2026

Updated: 12 days ago

Overview

Set amid one of Victoria’s most prized coastal enclaves, this architecturally bold residence offers an exceptional blend of modern design and the relaxed lifestyle of beachfront living. Positioned on an expansive parcel of approximately two-thirds of an acre, the property boasts commanding views across Port Phillip Bay and features private stair access to the peaceful shores of Davey’s Bay.

A sense of privacy and exclusivity is underscored by the property’s long, secluded driveway leading down to a striking, multi-level home clad in weathered zinc that complements the dramatic cliffside setting. Its durable, low-maintenance exterior harmonizes with the natural surroundings, making it a practical choice for coastal conditions.

Inside, the residence is punctuated by soaring ceilings and eco-conscious bamboo flooring, with expansive glazing that frames uninterrupted panoramic bay views. The main living area opens onto a generous wraparound bluestone terrace, inviting abundant natural light and refreshing sea breezes, and creating a serene atmosphere well suited to tranquil coastal living. The elevated outlook over the Davey’s Bay Yacht Club allows residents to enjoy the activity of sailboats and the distant city skyline, enhancing the connection to the picturesque environment.

The kitchen is designed for the discerning cook, equipped with dual Bosch ovens, an integrated Miele dishwasher, and granite benchtops that combine functionality with refined finishes.
The upper level is dedicated to a private master retreat, featuring a balcony with sweeping views extending all the way to the You Yangs, offering a perfect sanctuary.
Comfort and security are assured with split-system heating and cooling throughout, electronic external shutters, and a comprehensive CCTV security system.
Supporting the lifestyle needs is a double carport accompanied by a separate storeroom, enhancing practicality and storage capacity.

This outstanding waterfront home represents a rare opportunity to acquire a thoughtfully crafted residence blending architectural innovation with the relaxed appeal of coastal living in one of Mornington Peninsula’s most coveted and exclusive settings. It promises a distinguishable lifestyle just a short drive from Melbourne, ideal for those appreciating quality design and peaceful bayfront living.

Local Market Insights

In Frankston South, Quiet Listings observed 64 new houses entering the market over the last 30 days, down from 72 during the previous 30-day period, with an average advertised asking price of $1,045,922. The property type mix of listed properties is predominantly Houses at 67%, followed by units (13%), and apartments (7%). The most active agency for houses in the Frankston South area is currently Ray White, representing 19% of new listings, followed by OBrien Real Estate with 19%. 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.