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

Location

Market Insights for South Melbourne VIC 3205

New Listings (last 30 days)

Average price

$1,013,000

Lowest price

$295,000

Highest price

$2,800,000

801/161 Eastern Road, South Melbourne VIC 3205

$2,550,000 - $2,750,000

Search Band

$2.55M - $2.68M Transparent Based on an openly advertised listing price.

Apartment 3 beds 3 baths 2 cars

Listed: 7 days ago

Updated: 21 hours ago

Overview

Sub-Penthouse 801 at 161 Eastern Road, South Melbourne, offers a remarkable blend of sophistication and expansive living elevated above the suburb's leafy streetscape. This exquisite apartment stands out for its dramatic frontage of 16 metres and three sizable terraces, including a secluded terrace off the master suite, providing a rare sense of space and versatility within a boutique collection of just 31 residences.

Emphasising a connection with the outdoors, the home’s open-plan living and dining areas are framed by floor-to-ceiling double-glazed windows that usher in natural light and offer stunning uninterrupted views across Albert Park Lake, the city skyline, and beyond. Whether hosting gatherings or relaxing, the fluidity between indoor and outdoor spaces enhances the lifestyle appeal.

Custom kitchen featuring a striking marble island, high-end Miele appliances, integrated refrigeration, and a butler’s pantry, designed for both function and elegance.
A dedicated study area caters to modern needs such as working from home or quiet retreat.
The private master suite is a true sanctuary, complete with a terrace, bespoke walk-in robe illuminated with LED accents, and a luxurious marble ensuite with double vanity and bath.

Additional attributes include secure basement parking for two vehicles with EV charging capability, a full-height storage cage, zoned ducted heating and cooling, a separate laundry, and generous storage options throughout the apartment.

Perfectly positioned just 100 metres from Albert Park Lake and within walking distance of MSAC, Armstrong Street village, Clarendon Street, and the Royal Botanic Gardens, this home combines the privacy and scale of a standalone residence with the convenience of inner-city living and low maintenance.

Offering a flawless finish, spacious proportions, and an enviable lifestyle setting, this sub-penthouse is ideal for discerning buyers seeking luxurious apartment living with exceptional privacy and panoramic views.

Local Market Insights

In South Melbourne, Quiet Listings observed 18 new apartments entering the market over the last 30 days, up from 17 during the previous 30-day period, with an average advertised asking price of $1,013,000. The property type mix of listed properties is predominantly Apartments at 54%, followed by houses (34%), and commercial properties (9%). The most active agency for apartments in the South Melbourne area is currently Ray White, representing 28% of new listings, followed by Marshall 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.