516/338 Kings Way

Off Market

516/338 Kings Way

South Melbourne VIC 3205

Apartment

Last sold for $330,000

Lachie Kelly, last sold this property on 24 February 2026 after 89 days on market.

Overview

Contemporary Living with Parkside Charm

• Chic 1 bedroom apartment featuring timber floors throughout • Sleek kitchen with stone benches and Smeg appliances • Contemporary bathroom with European laundry • Balcony bathed in sunlight with views of Southbank • Secure basement car parking and storage cage • Steps to Albert Park Lake and the Botanic Gardens • Close to Clarendon Street's vibrant cafes, bars, and restaurants • Just a tram ride from the heart of St Kilda and CBD Step into sophisticated urban living in this beautifully appointed 1bedroom apartment located on Level 5 of the Silverleaf building. Featuring timber floors throughout, the kitchen is well-equipped with quality Smeg oven and gas cooktop, stone benchtops, integrated fridge/freezer, and a sleek mirrored splashback combining function with style. The contemporary bathroom includes a European laundry, offering practical convenience. The spacious balcony, bathed in afternoon sun, offers views across to Southbank's glittering skyline, ideal spot for relaxing or entertaining. Secure undercover parking completes this urban retreat. Just a short stroll from Albert Park Lake and Botanic Gardens, with the bustling cafes, bars, and restaurants of Clarendon Street only moments away. A tram ride connects you easily to the vibrant scenes of St Kilda and Melbourne's CBD. This is your gateway to a lifestyle where city sophistication meets tranquil urban green spaces and convenience.

Features

1 bedroom

1 bathroom

1 carspace

Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in South Melbourne over the last 12 months, the estimated median property value of 516/338 Kings Way is $436k.

Median value

$436k

Estimated value range

$290k - $630k

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 516/338 Kings Way

2026

Rented

Undisclosed

Leased on 01 Apr 2026 by Ray White Southbank | Melbourne City

2026

Sold

$330,000

Private Sale/Treaty on 24 Feb 2026 by Lachie Kelly, of Ray White Southbank | Melbourne City

2026

Sold

$330,000

23 Feb 2026 by Lachie Kelly, of Ray White Southbank | Melbourne City

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 1 bedroom apartments in South Melbourne

In the last 12 months, 70 one-bedroom apartments similar to 516/338 Kings Way, have been sold.

This represents a 3% increase in one-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

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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.