557 Nepean Highway, Frankston, VIC 3199 | Property Value & History | OnTheHouse
OFF MARKET

557 Nepean Highway
Frankston VIC 3199

Bedrooms: 3
Bathrooms: 3
Car spaces: 4
Floor area: 507m2
Land area: 1209m2
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Property Details for 557 Nepean Hwy, Frankston

557 Nepean Hwy, Frankston is a 3 bedroom, 3 bathroom House with 4 parking spaces and was built in 1999. The property has a land size of 1209m2 and floor size of 507m2. While the property is not currently for sale or for rent, it was last sold in June 2017.

Building Type
House
Year Built
1999
Floor Size
507m2
Land Size
1209m2
Local Government
Frankston
Lot/Plan
2/LP21560

Last Listing description (July 2017)

Commanding an awe-inspiring beach and bay view, this sprawling multi-level 4 bedroom family residence blessed with an array of elegant living zones and directly across from the beach at the bottom of exclusive Olivers Hill on 1181sqm approx; is certain to deliver immeasurable lifestyle appeal for the fortunate few.
The home is beautifully introduced via a dual automatic gateway ahead of a return sealed drive leading the way to a large forecourt with five car remote garage and convenient side access to park a boat or caravan out of sight.
Enter inside through the stately double entrance doors protected by a portico to realise the grand hallway and the welcoming interior with generous reception rooms either side awash in bright northerly light inviting you to further explore this flowing floorplan. To the right find an impressive billiards room with purpose built wet-bar promising an unforgettable space to entertain complemented by some of the best water views on offer. On the left discover an equally impressive formal lounge and dining room, again with incredible views of the bay for an inspiring backdrop.

The hub of the home is devoted to an expansive stone-topped kitchen / meals area come family room fitted with a suite of quality appliances such as Electrolux induction stove, electric oven & griller, Blanco dishwasher and filtered water on tap. Furthermore, the central island features a second sink and integrated breakfast bar amidst a myriad of tailored cabinetry and storage solutions readily catering to the requirements of a large family and requisite entertaining. A genial lift is cleverly hidden behind the pantry doors to allow easy access to the garage below and / or the enormous entertainment room on the level above. The adjacent family room and is also serviced by the two way wet-bar and has direct admission to the rear feature garden, the elevated courtyard with effervescent water feature.
Reach the first floor by means of the lift or the grand staircase below a dazzling chandelier giving a nod to the magnificence of the approaching accommodation wing featuring three double bedrooms with built-in robes serviced by a central fully tiled family bathroom with shower, deep-soaking bath and separate WC.
The sumptuous master with retreat is positioned in the front on this floor to flawlessly capture the wide vista of Port Philip, the vastness of the bay and the city sky-line as backdrop to great effect. This private parents domain is designed around a large dressing room with concealed lift and an oversized fully-tiled en-suite with double vanity, shower and soothing spa bath for the lucky inhabitants of this serene sanctuary. An enclosed sunroom interconnects to the master bedroom and makes for an exceptional home-office or studio space.
Last but not least, marvel at the dedicated entertainment room of some lavish 80sqm approx. incorporating a commercial enthused open plan kitchen complete with Goldstein gas 8x burner stove and electric oven, gas or wood pizza oven in first-rate surrounds complete with large balcony to the bay at one end and sheltered alfresco courtyard at the other, ideal for sizeable family gatherings in effortless style.
This is an irresistible beach-front property offering on the gateway to the bliss of the Mornington Peninsula only minutes to excellent schools, public transport and the vibrancy of Mount Eliza village or Bayside shopping centre.
Further inclusions; Gas ducted heating, reverse cycle heating / cooling, 4 car auto garage & workshop, lift to all levels, only steps from the beach, incredible waterfront views, enormous separate entertainment room with commercial style kitchen, bbq, pizza oven and views to match, off-the-beach bathroom and shower in garage, enclosed balcony or home office with breath-taking views, shed and landscaped gardens, elevated alfresco viewing area, alarm, security gateway, 25,000L water tanks and much more..
> INSPECT NOW TO REALISE!

Property History for 557 Nepean Hwy, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$2,150,000
14 Jun 2017
  • 14 Jun 2017
    Sold for $2,150,000
  • 24 May 2017
    Listed for Sale $2.1M - $2.3M
  • 24 Feb 2017
    Listed for Sale For Sale $2,350,000 - $2,500,000 (under offer)
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About Frankston 3199

The size of Frankston is approximately 19.8 square kilometres. It has 72 parks covering nearly 21.2% of 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 21,756 properties. Over the last 5 years, Houses in Frankston have seen a 38.00% increase in median value, while Units have seen a 33.85% increase. As at 31 December 2025:

  • The median value for Houses in Frankston is $863,752 while the median value for Units is $590,364.
  • Houses have a median rent of $575 while Units have a median rent of $490.
There are currently 101 properties listed for sale, and 59 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1154 properties were sold in the past 12 months in Frankston.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.