545 Nepean Highway, Frankston, VIC 3199 | Land for sale | OnTheHouse
 
FOR SALE
House & Land
$2,000,000 - $2,200,000

545 Nepean Highway
Frankston VIC 3199

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Land area: 2011m2
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A Landmark Coastal Holding of Rare Scale and Possibility

Positioned directly opposite the shoreline within the Frankston High School Zone, this substantial 2,011sqm (approx.) holding represents one of the last opportunities to secure land of this scale along this tightly held beachfront strip.
A rare additional advantage is the ability to secure the adjoining 543 Nepean Highway, offering a further 1,701sqm (approx.), creating a combined coastal landholding of significant scale and flexibility.
Elevated to capture sweeping views across Port Phillip Bay, the site lends itself to a range of high-end outcomes, from a luxury private residence to a boutique residential development (STCA).
Well-advanced architectural plans for a premium residence have already been prepared, supported by key reports and ready to be progressed or adapted, offering a genuine head start for incoming purchasers.
For those considering a development pathway, early planning discussions have been encouraging, with the scale and proportions of the land supporting a boutique residential development, or a larger-scale coastal project when combined with the adjoining site (STCA).
With Frankston Beach just steps away, and easy access to cafés, the CBD, Peninsula Link, Toorak College and Peninsula Grammar, the lifestyle and long-term appeal are undeniable.
A rare coastal landholding defined by scale, position and future potential.

Property Details for 545 Nepean Hwy, Frankston

Building Type
Land
Land Size
2011m2
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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 21,775 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 139 properties listed for sale, and 58 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1074 properties were sold in the past 12 months in Frankston.

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Ash Marton
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Lilly Corran
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Ash Marton Realty - FRANKSTON
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