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55 Commercial Road, South Yarra VIC 3141

For Sale: $3,950,000 - $4,245,000

Search Band Search Visibility Band

$4.75M - $5M High Confidence Calculated based on strong search observations.

House 7 Beds 4 Baths 2 Cars

Listed: yesterday

Updated: 4 hours ago

Overview

This monumental seven-bedroom residence designed by Hal Walter presents a rare and versatile opportunity set on a landmark corner in South Yarra. Its distinctive architectural elements — including soaring curved ceilings and abundant skylights — craft an expansive and luminous upper-level living environment that seamlessly incorporates grand living and dining areas alongside a gourmet granite-finished kitchen with premium appliances.

The upper floor showcases a luxurious master suite featuring a walk-in robe and a marble-lined ensuite filled with natural light, while three additional king-sized bedrooms accommodate family or guests with ease. The crowning feature is a vast rooftop terrace offering unbroken 360-degree views of Melbourne’s skyline, creating an extraordinary space for entertaining or relaxation amidst the cityscape.

On the ground level, the property’s design emphasis on flexibility manifests through independent street access and outstanding exposure. This space, currently laid out with four spacious bedrooms, an office, living room, and kitchen/meals area, can effortlessly support extended or multi-generational living arrangements. Alternatively, it can be adapted into professional or commercial use, featuring a large reception area and five private offices. Abundant storage, climate control, secure keyless entry, and multi-vehicle garaging further enhance the functionality of the home.

Strategically located close to fashionable Chapel and Greville Streets, Prahran Market, Fawkner Park, elite schools, and public transport routes, this unique property caters to a range of owner-occupiers, entrepreneurs, and investors seeking a prestigious address that fuses residential comfort with strong commercial potential.

Local Market Insights

In South Yarra, Quiet Listings observed 20 new houses entering the market over the last 30 days, up from 4 during the previous 30-day period, with an average advertised asking price of $2,956,433. The property type mix of listed properties is predominantly Apartments at 61%, followed by houses (31%), and commercial properties (4%). The most active agency for houses in the South Yarra area is currently Marshall White, representing 30% of new listings, followed by RT Edgar with 15%. 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.