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Back 3/388 Nepean Hwy
Off Market

3/388 Nepean Hwy

Frankston VIC 3199

2
1
1
70 m²
Apartment
Last sold for $365,000
Luke MagreeLuke Magree, last sold this property on 16 October 2025 after 10 days on market.

Overview

Prime Investment Opportunity with Beachside Appeal

With its brilliant positioning along the Kananook Creek pathways with nearby bridge access to the pristine foreshore, this sun-drenched 2-bedroom unit is a property that deserves immediate attention. Just a short stroll from everything Frankston's rejuvenated CBD has to offer, it presents a magnificent entry-level beachside opportunity for first-home buyers, downsizers, or investors looking to take advantage of a fast-moving market. A light-filled interior has been designed to maximise flow and comfort, hinting at relaxed living while keeping practicality at its forefront. The formal lounge and dine-in kitchen combine to create an airy and open space, with natural light highlighting its proportions and encouraging easy movement from one space to the next. A neatly appointed kitchen provides everything needed for an easy life, with split-system air conditioning ensuring everything remains comfortable year-round. The two large bedrooms are fitted with built-in robes, with a central bathroom including space and provisions for a laundry. Complete with a separate toilet and a dedicated car space on title, you're just metres from those immersive bushland pathways along the creek or down to the beach, with Bayside and boutique shopping prospects, vibrant dining and entertainment options, and brilliant public transport all close by. This entry-level treasure won't stay on the market for long - act fast!

Features

2 bedrooms
1 bathroom
1 carspace
1 open car space
70 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Frankston over the last 12 months, the estimated median property value of 3/388 Nepean Hwy is $500k.

Median value
$500k
Estimated value range
$213k - $990k
Median days on market
24
Estimated value trend
25%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Frankston. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 3/388 Nepean Hwy

2025
Rented
Undisclosed
Leased on 22 Dec 2025 by Leyton Real Estate
2025
Sold
$365,000
16 Oct 2025 by Luke Magree, of OBrien Real Estate Frankston
2019
Sold
$286,000
Private Sale/Treaty on 10 Oct 2019 by Tia Milne, of OBrien Real Estate Frankston

Happy sellers in Frankston

91%
91% of sellers in Frankston reported that their sale price either exceeded or met their price expectations.

Frankston stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 217 reviews in Frankston over the last 12 months.

Local market activity for 2 bedroom apartments in Frankston

In the last 12 months, 69 two-bedroom apartments similar to 3/388 Nepean Hwy, have been sold.

This represents a 2% increase in two-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Frankston

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Luke Magree

Sellers who recommend Luke Magree have praised them for being clear communication, local expert, responsive, supportive, honest, friendly and well-prepared

  •   5   (252 reviews)
  •  40 Reviews in Frankston
  •  102 Sales in Frankston
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Michael McClure

Michael McClure is a recommended agent for Frankston.  They have 35 local sales and collected 38 local reviews across the last 12 months.

  •   4.9   (465 reviews)
  •  38 Reviews in Frankston
  •  35 Sales in Frankston
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Adam Price

Sellers who recommend Adam Price have praised them for being clear communication, local expert, responsive, friendly, supportive, reliable and well-prepared

  •   5   (103 reviews)
  •  19 Reviews in Frankston
  •  22 Sales in Frankston
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Juan Merchan

Sellers who recommend Juan Merchan have praised them for being local expert, clear communication, supportive, reliable, honest, great negotiation and friendly

  •   4.9   (269 reviews)
  •  13 Reviews in Frankston
  •  17 Sales in Frankston
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