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Back 561 Nepean Hwy
Off Market

561 Nepean Hwy

Frankston VIC 3199

530 m²
Land
Tavab NasheetTavab Nasheet, last sold this property on 05 November 2025 after 197 days on market.

Overview

A Rare Opportunity to Build Your Dream Coastal Masterpiece

Property must sell, all offers welcome by Monday, 24th Nov 2025 Positioned on one of the most exclusive waterfront addresses, this rare parcel of vacant land offers a once-in-a-lifetime opportunity to create a bold architectural masterpiece. With fully council-approved plans already in place, this is a seamless chance to build a luxurious, statement residence that redefines contemporary coastal living. Conceptualised by renowned architects, the proposed design blends timeless elegance with a powerful modern aesthetic. Every element has been carefully curated-from the commanding façade to the flowing interior layout-creating a residence of enduring beauty and striking presence. Inside, the design features soaring ceilings and expansive open-plan living spaces where floor-to-ceiling glass panels capture uninterrupted panoramic views of the ocean. Natural light floods every corner, creating a sense of lightness and airiness that complements the surrounding coastal landscape. The home spans multiple levels and includes a private lift, ensuring luxury and accessibility. At its heart, a gourmet chef's kitchen boasts a large island bench, premium appliances, and generous storage-all positioned to overlook the water, making it ideal for both grand entertaining and relaxed everyday living. Each of the four oversized bedrooms is designed as a private master suite, complete with its own balcony and sweeping ocean vistas. The main suite is a true retreat, featuring a vast walk-in robe and a luxury ensuite that echoes the finest five-star resorts. Additional lifestyle features include a three-car garage with space for a home gym or collector's display, and multiple living zones designed for both intimate moments and large-scale entertaining. Every detail has been considered to support effortless coastal living in absolute comfort and style. This offering is more than land-it is a fully envisioned legacy. With the design and approvals in place, all that remains is to bring this extraordinary home to life and claim a landmark position in one of the most coveted waterfront settings. I acknowledge that this advertisement provides information as a guide only. Zed Real Estate does not verify the data and makes no claims regarding its accuracy. Buyers are to perform their own due diligence. Images and floorplans are to scale and created based on the photographers' best knowledge.

Features

530 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Frankston over the last 12 months, the estimated median property value of 561 Nepean Hwy is $625k.

Median value
$625k
Estimated value range
$385k - $765k
Median days on market
135
Estimated value trend
-7%
decrease 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 561 Nepean Hwy

2025
Sold
Undisclosed
Private Sale/Treaty on 05 Nov 2025 by Tavab Nasheet, of Zed Real Estate
2022
Sold
$1,500,000
Private Sale (EOI) on 09 Sep 2022 by Darren Dowel, of Aquire Real Estate Frankston
2017
Sold
$820,000
Auction Sale on 18 Feb 2017 by Annabelle Feng, of RT Edgar Boroondara

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 land plots in Frankston

In the last 12 months, 8 land plots similar to 561 Nepean Hwy, have been sold.

This represents a 28% decrease in land plots 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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