701/48 Balston Street

Off Market

701/48 Balston Street

Southbank VIC 3006

1466 m²

Apartment

Last sold for $400,000

Lachie Kelly, last sold this property on 03 September 2026 after 279 days on market.

Overview

Resort-Style Amenities with Panoramic Views

• Located in the iconic Marco building, in the heart of Southbank • Exclusive access to infinity pool, gym, private dining room, and cinema • Grand lobby with 24-hour concierge service • Contemporary kitchen featuring stone benchtops and Smeg appliances • Two spacious bedrooms with built-in robes and European laundry • Reverse cycle heating and cooling, secure intercom entry • Balcony with panoramic views of South Melbourne • Moments from Clarendon Street, Arts Precinct, and public transport Welcome home to Marco, the iconic Southbank residence, where contemporary apartment living meets world-class amenities and vibrant city culture. Step into an expansive, grand entry lobby with 24-hour concierge service, and discover a lifestyle defined by luxury. Residents enjoy exclusive access to an infinity pool overlooking the skyline, a state-of-the-art gym, private cinema, and a stylish dining room perfect for entertaining. Inside, the apartment features a practical kitchen with stone benchtops and Smeg appliances, two bedrooms with built-in wardrobes, complemented by a spacious bathroom. The living room, with floor-to-ceiling windows, opens onto a large balcony offering panoramic views of South Melbourne. Enjoy year-round comfort with reverse cycle heating and cooling, along with the convenience of a European laundry and secure intercom access. With vibrant Clarendon Street shops and cafes, South Melbourne Market, cultural landmarks including the National Gallery and Hamer Hall, and Crown Entertainment just moments away, this is city living at its finest. Effortless connections to public transport and major freeways put the best of Melbourne within easy reach. Elevate your lifestyle with this remarkable residency in Southbank's sought-after Marco building.

Features

2 bedrooms

1 bathroom

1466 m² lot size

Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Southbank over the last 12 months, the estimated median property value of 701/48 Balston Street is $585k.

Median value

$585k

Estimated value range

$370k - $2.05m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Southbank. 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 701/48 Balston Street

2026

Sold

$400,000

03 Sep 2026 by Lachie Kelly, of Ray White Southbank | Melbourne City

2020

Sold

Undisclosed

Private Sale/Treaty on 14 Aug 2020 by Idamo Lee, of Areal Property Box Hill

Happy sellers in Southbank

82%

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

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

This is based on voluntary sentiment collected from 76 reviews in Southbank over the last 12 months.

Local market activity for 2 bedroom apartments in Southbank

In the last 12 months, 426 two-bedroom apartments similar to 701/48 Balston Street, have been sold.

This represents a 27% 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 Southbank for a free market appraisal.

Michael Pastrikos

at Ray White Southbank | Melbourne City

4.9

(308 reviews)

Get a free market appraisal

Natalia Susanti

at MICM

4.9

(377 reviews)

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Faith Chang

at MICM

4.9

(277 reviews)

Get a free market appraisal

Gus Kosasih

at iProperty Melbourne

(96 reviews)

Get a free market appraisal

Nearby agents

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

Michael Pastrikos

Michael Pastrikos is an award winning recommended agent for Southbank. They have 73 local sales and collected 24 local reviews across the last 12 months.