506/79 Market Street

Off Market

506/79 Market Street

South Melbourne VIC 3205

Apartment

Last sold for $592,000

Nancy Yang, last sold this property on 24 May 2026 after 7 days on market.

Overview

Boutique Luxury, Unmatched Inner-City Living

Delivering far more than stylish two-bedroom accommodation, this sophisticated apartment offers a lifestyle of exceptional convenience in one of South Melbourne's most tightly held pockets. Bathed in natural light and positioned within a predominantly owner-occupied boutique building, it presents an outstanding opportunity for first homebuyers, professionals and savvy investors alike, all moments from South Melbourne Market, Clarendon Street, Crown Entertainment Complex and city-bound trams. Contemporary finishes and pale timber flooring complement the expansive open-plan living and dining domain, where floor-to-ceiling stacker doors seamlessly extend the interiors to a covered terrace with captivating city skyline views. At the heart of the home, a sleek stone kitchen appointed with a brand new large Bosch dishwasher and premium Smeg appliances delivers both style and functionality. Two generous bedrooms feature mirrored built-in robes and excellent storage, including a versatile study nook to the main bedroom, which also enjoys ensuite-style access to the designer bathroom. Additional appointments include a full European laundry, reverse-cycle heating and cooling, double glazing, video intercom security, lift access, basement car space. Residents can take full advantage of the spectacular communal rooftop terrace with BBQ facilities and panoramic city views, while enjoying immediate access to South Melbourne's renowned cafés, restaurants, bars and boutiques. Stroll to the iconic market, break a sweat at one of the many local gyms, explore Albert Park Lake, swim or train at MSAC, or jump on a tram for effortless access to the CBD, Arts Precinct and the bay.

Features

2 bedrooms

1 bathroom

1 carspace

Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in South Melbourne over the last 12 months, the estimated median property value of 506/79 Market Street is $630k.

Median value

$630k

Estimated value range

$425k - $1.48m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in South 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 506/79 Market Street

2026

Sold

$592,000

Private Sale/Treaty on 24 May 2026 by Nancy Yang, of Buxton Cayzer Albert Park

2023

Sold

Undisclosed

Private Sale/Treaty on 20 Feb 2023 by Nancy Yang, of Buxton Port Phillip - Port Melbourne

2023

Sold

Undisclosed

10 Feb 2023 by Natalie McAsey, of Buxton Port Phillip - St Kilda

Happy sellers in South Melbourne

52%

52% of sellers in South Melbourne reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 19 reviews in South Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in South Melbourne

In the last 12 months, 110 two-bedroom apartments similar to 506/79 Market Street, have been sold.

This represents a 6% increase in two-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in South Melbourne for a free market appraisal.

Rohan White

at Buxton Port Phillip - Port Melbourne

4.9

(365 reviews)

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Stefan Joannides

at Belle Property Albert Park

4.8

(8 reviews)

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Moses Habib

at Belle Property St Kilda

4.9

(97 reviews)

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Besim Kanacevic

at Belle Property Albert Park

(191 reviews)

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Nearby agents

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

Rohan White

Rohan White is an award winning recommended agent for South Melbourne. They have 20 local sales and collected 10 local reviews across the last 12 months.