Back 512/39 Park Street
Off Market

512/39 Park Street

South Melbourne VIC 3205

2
2
1
Apartment
Last sold for $601,000
Ben VuBen Vu, last sold this property on 21 September 2026 after 17 days on market.

Overview

Park Avenue Prestige: North-Facing Urban Luxury

• Perfectly perched on the dynamic border of South Melbourne and Southbank at the prestigious 'Park Avenue'. • Only moments away from the lush grounds of the Royal Botanic Gardens and the Shrine of Remembrance. • A sprawling, north-facing open-plan living and dining domain bathed in abundant natural light. • A culinary focal point featuring a sleek stone island and premium stainless steel gas appliances. • Floor-to-ceiling glass doors that retract to reveal a generous, private balcony for effortless indoor-outdoor flow. • Two spacious, light-filled bedrooms, both fully appointed with built-in wardrobes. • Two luxurious, fully tiled bathrooms, including a private master ensuite, showcasing high-end fixtures. • Exclusive resident access to a state-of-the-art wellness center, pool, sauna, and on-site building management. • Available with vacant possession with a car space on the title Welcome to a new echelon of city-fringe living at Park Avenue, one of South Melbourne's most coveted residential addresses. Perfectly positioned on Park Street at the vibrant edge of Southbank, this location offers an unparalleled lifestyle. Just minutes away from South Melbourne Market, Albert Park Lake, the Royal Botanic Gardens, St Kilda Road trams, Anzac train station and Melbourne's CBD, this impressive residence offers the very best of inner-city living. Inside this sophisticated residence at 39 Park Street, contemporary design meets everyday functionality. The heart of the home is a brilliantly appointed gourmet kitchen, boasting a striking stone island bench, sleek cabinetry, and high-quality stainless steel appliances, including a gas cooktop and dishwasher. This culinary space overlooks a sprawling, north-facing open-plan living and dining area, where walls of glass invite a wealth of natural light inside while effortlessly extending out to a generous entertainer's balcony. The accommodation has been thoughtfully designed as a private sanctuary away from the hustle of the city. Both large bedrooms are swathed in natural light and feature ample built-in wardrobes. The master suite is elevated by a beautifully finished private ensuite, while the central bathroom services the rest of the home with equal luxury. Both bathrooms are fully tiled from floor to ceiling, featuring modern vanities, premium tapware, and frameless glass showers that deliver both immense style and daily convenience. Beyond the front door of the apartment, Park Avenue redefines the standard for residential facilities. Residents are treated to an exclusive, resort-style wellness center that acts as a private urban retreat. Lounge on the cabana chairs by the stunning swimming pool, unwind in the serene sauna, or maintain your fitness in the state-of-the-art gymnasium. Supported by the peace of mind of a dedicated on-site building manager, this is the ultimate low-maintenance, high-luxury urban lifestyle. Secure basement parking with a generous storage cage, further enhances the home's everyday appeal.

Features

2 bedrooms
2 bathrooms
1 carspace
1 open car space
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 512/39 Park Street is $620k.

Median value
$620k
Estimated value range
$450k - $1.22m
Median days on market
30
Estimated value trend
2%
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 512/39 Park Street

2026
Sold
$601,000
21 Sep 2026 by Ben Vu, of Ray White Southbank | Melbourne City

Happy sellers in South Melbourne

51%
51% 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 23 reviews in South Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in South Melbourne

In the last 12 months, 100 two-bedroom apartments similar to 512/39 Park Street, have been sold.

This represents a 22% increase in two-bedroom apartments sales when compared to the previous 12 months.

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