Back 59 Park Street
Off Market

59 Park Street

South Yarra VIC 3141

4
4
2
House
Michael GibsonMichael Gibson, last sold this property on 24 March 2026 after 26 days on market.

Overview

Renewed Grandeur. Unrivalled Position.

Park Street, where homes are tightly held, is defined by some of Melbourne's finest Victorian architecture. This magnificent three-level residence in the heart of the Botanic Precinct delivers a masterful fusion of heritage beauty and contemporary luxury. Beyond its ornate cast-iron lacework façade and framed by a rare, original Magnolia tree, the home reveals interiors of remarkable scale and refinement, yet with warmth and a welcoming aesthetic. Soaring ceilings of approximately four metres crown arched hallways, marble fireplaces and exquisitely hand-painted leadlight window. Enduring craftsmanship continues into the formal sitting and dining rooms, adding to the grandeur and offering more sophisticated options for large scale entertaining. At its heart, the expansive open-plan living and dining domain is bathed in ambient light, flowing seamlessly to an alfresco terrace with world class views of the Melbourne city skyline - the setting is nothing short of breathtaking. The chef's kitchen is appointed to the highest standard, featuring marble and stainless-steel surfaces, an oversized island bench, a suite of black Miele appliances and a fully equipped butler's pantry, designed for effortless living. Upstairs, the palatial main suite opens to a glorious treetop veranda and is complimented by a boutique-scale dressing room and double ensuite. A second bedroom with its own dressing room and private terrace enjoys similarly spectacular outlooks, accompanied by a luxurious bathroom. The versatile lower level offers two additional bedrooms, a fitted study or fifth bedroom, a separate bathroom, and a secondary bathroom with integrated laundry. On this level is also a private library-style living room with bespoke joinery and rolling ladder, and glass garage door revealing manicured surrounds. A secure two-car garage off the laneway, attic storage and heating and cooling complete a home where every creature comfort counts. Moments from the Royal Botanic Gardens, Domain Road, the finest private schools and boutiques of Toorak Road, this is a residence of rare distinction in an enviable lifestyle setting.

Features

4 bedrooms
4 bathrooms
2 carspaces
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in South Yarra over the last 12 months, the estimated median property value of 59 Park Street is $2.55m.

Median value
$2.55m
Estimated value range
$1.46m - $4.44m
Median days on market
26
Estimated value trend
1%
increase over the last 12 months
Average days on market is based on recent, comparable sales in South Yarra. 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 59 Park Street

2026
Sold
Undisclosed
Private Sale/Treaty on 24 Mar 2026 by Michael Gibson, of Private Property Global

Happy sellers in South Yarra

82%
82% of sellers in South Yarra reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 51 reviews in South Yarra over the last 12 months.

Local market activity for 4 bedroom houses in South Yarra

In the last 12 months, 32 four-bedroom houses similar to 59 Park Street, have been sold.

This represents a 3% decrease in four-bedroom houses sales when compared to the previous 12 months.

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