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.
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 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:
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