543 Nepean Highway, Frankston, VIC 3199 | House for sale | OnTheHouse
 
FOR SALE
$2,250,000 - $2,475,000 | 2 Dwellings

543 Nepean Highway
Frankston VIC 3199

Bedrooms: 6
Bathrooms: 2
Car spaces: 2
Land area: 1701m2
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A Rare Beachfront Landholding with Income, History and Visionary Potential

Positioned directly opposite the sands of Frankston Beach and within the Frankston High School Zone, 543 Nepean Highway presents a substantial 1,701sqm (approx.) landholding offering immediate income and exceptional long-term potential (STCA).
A rare additional opportunity exists to secure the adjoining 545 Nepean Highway, representing a further 2,011sqm (approx.) of land and significantly expanding the overall scope and flexibility of the site.
The property comprises two separate dwellings, creating a unique opportunity to secure a significant coastal site while maintaining income during planning or design stages.
Dwelling One is a well proportioned four bedroom brick residence, featuring hardwood timber floors throughout, ducted heating, and a welcoming front veranda that captures beautiful afternoon sun. The home includes a functional kitchen with gas cooking, a central bathroom with separate toilet, and the convenience of a garage, offering comfortable accommodation and strong rental appeal.
The front residence is currently leased, returning $2,737 per calendar month.
The rear dwelling is currently occupied, with scope to formalise a lease arrangement should a purchaser wish.
From a development perspective, the scale and configuration of the land present compelling possibilities. The site could comfortably support the creation of a small collection of luxury coastal residences (STCA). Beyond its scale, the property carries a remarkable story tied closely to Frankston's early coastal character. Dwelling Two, built circa 1921, was constructed by two sisters who lived on neighbouring properties, with both homes remaining within the same family for the better part of a century.
Several original features remain as quiet reminders of that past. The beautiful herringbone timber ceiling within the main living area, originally the underside of a rooftop deck, has been carefully preserved and restored. The ceramic face of the original wood fired oven also remains intact, while the site's historic beer bottle retaining walls still exist behind the newly installed retaining structures at the rear of the property.
One of the site's most compelling attributes is its exceptional north facing aspect. The adjoining northern boundary is lush and cannot be built out, creating a rare opportunity to design a future residence or development that captures uninterrupted northern light, greenery and open outlooks. In a coastal setting where many sites sacrifice sunlight or privacy, this orientation provides a remarkable canvas for architecture that embraces natural light, landscape and outlook in equal measure.
The rear dwelling has also seen thoughtful improvements including Rylock double glazed windows, ABB digital home automation, and LED lighting throughout, undertaken as part of a careful restoration process with a long term view to preserving the character of the property.
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Property Details for 543 Nepean Hwy, Frankston

543 Nepean Hwy, Frankston is a 6 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1701m2. The place is currently for sale with Ash Marton Realty - FRANKSTON.

Building Type
House
Land Size
1701m2
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About Frankston 3199

The size of Frankston is approximately 19.8 square kilometres. There are 72 parks, covering nearly 21.2% of the total area. The population of Frankston in 2016 was 36097 people. By 2021 the population was 37331 showing a population growth of 3.4% in the area during that time. The predominant age group in Frankston is 30-39 years. Households in Frankston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Frankston work in a professional occupation.In 2021, 58.30% of the homes in Frankston were owner-occupied compared with 56.80% in 2016.

Frankston has 21,774 properties. Over the last 5 years, Houses in Frankston have seen a 11.22% increase in median value, while Units have seen a 16.96% increase. As at 31 July 2026:

  • The median value for Houses in Frankston is $829,312 while the median value for Units is $572,690.
  • Houses have a median rent of $599 while Units have a median rent of $500.
There are currently 135 properties listed for sale, and 73 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1055 properties were sold in the past 12 months in Frankston.

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Ash Marton
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Ash Marton Realty - FRANKSTON
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