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Back 501/394 Collins St
Off Market

501/394 Collins St

Melbourne VIC 3000

1
1
49 m²
Apartment
Last sold for $453,000
Ben VuBen Vu, last sold this property on 03 June 2026 after 448 days on market.

Overview

A Timeless Icon: Heritage Elegance Meets Modern City Living

Over 150 year-old 'Treasury on Collins' building provides a sense of scale, craftsmanship, and permanent prestige that modern high-rises simply cannot replicate. For those who value character over the clinical, this is a rare chance to own a piece of Melbourne's history while enjoying a lifestyle of unparalleled contemporary convenience. • One-of-a-kind residence that offers historical character • Perfect sanctuary for professionals, frequent travelers, or those seeking a vibrant secondary home. • Dramatic ceiling heights and premium timber underfoot. • High-end European fit-out with an emphasis on storage. • Oversized windows framing the prestigious Collins Street. • Climate-controlled interiors and high-end carpeting in the bedroom. • Exclusive, residents-only private gym located within the complex. • Secure entry points and a dedicated layout designed for privacy. • Moments from Flinders Street Station, Bourke street mall, shops and restaurants. For the first-home buyer, this is an aspirational entry into a prestigious postcode. For the downsizer, it's a lifestyle shift-where a car is optional and Melbourne's finest gardens, theatres, and galleries are at your doorstep. For the urban professional, proximity to the legal and financial precincts, alongside effortless access to Flinders Street Station, makes it the ultimate city base. A home that adapts to your pace-quiet when you need it, vibrant when you don't. Bathed in natural light, the residence features soaring ceilings and warm timber floors, framing an expansive open-plan design suited to both relaxed living and refined entertaining. At its centre, a gourmet kitchen showcases sleek cabinetry, premium European appliances, and a seamless workflow. The bedroom offers a peaceful retreat with floor-to-ceiling views across Collins Street, complemented by a designer bathroom with a deep soaking tub and integrated laundry. Ducted heating and cooling ensure year-round comfort. Positioned in the true heart of Melbourne, everything is within walking distance-from hidden laneway cafés to riverside walks along Southbank. Residents enjoy exclusive amenities, including a private gym and direct access to the Treasury Restaurant, all set behind a secure entry and grand marble foyer that offers a sense of calm from the moment you arrive. Set within a prestigious heritage building, this residence stands apart from the modern skyline-offering timeless character, enduring value, and a rare opportunity to own a piece of Melbourne's history while enjoying its future.

Features

1 bedroom
1 bathroom
49 m² floor area
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 501/394 Collins St is $350k.

Median value
$350k
Estimated value range
$39k - $935k
Median days on market
35
Estimated value trend
2%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Melbourne. 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 501/394 Collins St

2026
Sold
$453,000
03 Jun 2026 by Ben Vu, of Ray White Southbank | Melbourne City
2025
Rented
Undisclosed
Leased on 17 Jul 2025 by Gotham Property
2023
Sold
Undisclosed
Private Sale/Treaty on 28 Mar 2023 by Alexander Subotsch, of Gotham Property

Happy sellers in Melbourne

83%
83% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 130 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 607 one-bedroom apartments similar to 501/394 Collins St, have been sold.

This represents a 13% increase in one-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

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Annamaria Stella

Annamaria Stella is an award winning recommended agent for Melbourne.  They have 14 local sales and collected 19 local reviews across the last 12 months.

  •   5   (380 reviews)
  •  19 Reviews in Melbourne
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Dionne Wilson

Sellers who recommend Dionne Wilson have praised them for being clear communication, local expert, honest, responsive, supportive, dedicated and friendly

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Philip Middlemiss

Sellers who recommend Philip Middlemiss have praised them for being local expert, clear communication, responsive, supportive, well-prepared, strategic and honest

  •   5   (119 reviews)
  •  19 Reviews in Melbourne
  •  13 Sales in Melbourne
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Catherine Sheo

Catherine Sheo is a recommended agent for Melbourne.  They have 12 local sales and collected 9 local reviews across the last 12 months.

  •   4.9   (57 reviews)
  •  9 Reviews in Melbourne
  •  12 Sales in Melbourne
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