Thumbnail 1
Thumbnail 2
Thumbnail 3
Thumbnail 4
Thumbnail 5
Thumbnail 6
Thumbnail 7
Thumbnail 8
Thumbnail 9
Thumbnail 10

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

4/40 Caroline Street
South Yarra, VIC 3141

$2,500,000 - $2,750,000

3
Bed
2
Bath
2
Cars
Property Type: Townhouse
Last Updated: 02 Apr 2026
Overview

4/40 Caroline Street, South Yarra

Occupying the entire floor within a boutique collection of just four apartments, this exceptional three-bedroom, two-bathroom penthouse offers refined living with generous proportions in the heart of South Yarra, just moments from the area's most celebrated shopping and dining destinations.

Framed by floor-to-ceiling glazing, the expansive living and dining domain captures abundant northern light and extends to a substantial west-facing terrace. Designed for both intimate moments and large-scale entertaining, the terrace provides panoramic views stretching across South Yarra to St Kilda Road and the city skyline.

The kitchen is beautifully designed with marble benchtops, sleek cabinetry, and high-quality Miele appliances. It seamlessly connects to the open-plan living and dining spaces, creating an elegant and highly functional setting.

A calm, refined palette continues throughout the accommodation, where three double bedrooms are complemented by considered joinery. The main bedroom features built-in robes and a striking marble ensuite with dual vanities. The additional bedrooms also include built-in robes and are served by a stylish central marble bathroom.

Additional appointments include two basement car spaces, ducted heating and cooling, a full-sized laundry, remote blinds, sheer curtains, ample storage, secure entry, and direct lift access into the apartment foyer, ensuring both comfort and privacy.

Positioned within walking distance of Fawkner Park and the Royal Botanic Gardens, and surrounded by South Yarra's finest restaurants, boutiques, cafes, and public transport options, this luxury apartment offers an exceptional lifestyle in one of Melbourne's most sought-after precincts.

Location
4/40 Caroline Street
South Yarra VIC 3141
Market Insights for South Yarra VIC 3141
New Listings (last 30 days)
7
Average price
$920,714
Lowest price
$550,000
Highest price
$1,500,000
Other properties in this postcode
2807/35 Malcolm Street, South Yarra VIC 3141
$700,000 - $770,000
2807/35 Malcolm Street, South Yarra VIC 3141
2 beds 2 baths 1 car
5C Clara Street, South Yarra VIC 3141
$1,500,000
5C Clara Street, South Yarra VIC 3141
3 beds 2 baths 2 cars
1/158 Toorak Road West Road West, South Yarra VIC 3141
Auction $670,000 - $710,000
1/158 Toorak Road West Road West, South Yarra VIC 3141
2 beds 1 bath 1 car
10/11 Rockley Road, South Yarra VIC 3141
$1,050,000 - $1,150,000
10/11 Rockley Road, South Yarra VIC 3141
3 beds 2 baths 1 car
102/42 Ralston Street, South Yarra VIC 3141
EOI Closing Tue 21 Apr 5.00pm $775,000 - $825,000
102/42 Ralston Street, South Yarra VIC 3141
2 beds 2 baths 1 car
108/32 Bray Street, South Yarra VIC 3141
$550,000 - $600,000
108/32 Bray Street, South Yarra VIC 3141
2 beds 1 bath 1 car

* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.