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

563 Nepean Highway
Frankston VIC 3199

Bedrooms: 5
Bathrooms: 3
Car spaces: 4
Floor area: 406m2
Land area: 601m2
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Property Details for 563 Nepean Hwy, Frankston

563 Nepean Hwy, Frankston is a 5 bedroom, 3 bathroom Unit with 4 parking spaces and was built in 2002. The property has a land size of 601m2 and floor size of 406m2. While the property is not currently for sale or for rent, it was last sold in December 2011.

Building Type
Unit
Year Built
2002
Floor Size
406m2
Land Size
601m2
Local Government
Frankston
Lot/Plan
2/PS439860

Last Listing description (October 2025)

Unparalleled in design and luxury, this breathtaking five-bedroom waterfront masterpiece sits majestically on Olivers Hill, offering spectacular panoramic bay views from almost every room. Crafted to perfection, the home seamlessly blends architectural elegance with effortless entertaining, enhanced by an exquisite interplay of granite, glass, and soaring ceilings. A brand-new commercial-grade lift connects all four levels, ensuring absolute convenience while allowing you to appreciate the stunning coastal vistas without the need for stairs.

Step inside and be captivated by gallery-style living spaces, where wall-to-wall glass frames the iconic scenery, bathing the interiors in natural light. A gourmet kitchen, complete with a concealed butler's pantry and premium Miele and Gaggenau appliances, is the heart of the home, catering to grand-scale entertaining. The formal living, dining, and library/office areas extend effortlessly to a full-width balcony and a poolside terrace, where a built-in outdoor kitchen enhances alfresco gatherings against the breathtaking waterfront backdrop.

Designed for versatile family living, the home offers two self-contained levels, each with its own private entrance-perfect for multi-generational families or guest accommodations. The magnificent master suite commands the entire top floor, featuring a private balcony overlooking the bay, a designer ensuite with spa and sauna, and an opulent dressing room. Additional highlights include zoned reverse-cycle heating and cooling, a state-of-the-art CCTV security system, multiple private courtyards, a wine cellar, and a ground-floor office with separate access. A triple remote garage with an integrated bathroom and ample storage completes this exceptional offering.

Positioned for an unrivaled lifestyle, this extraordinary residence is just moments from Frankston city centre, Bayside Shopping Centre, Frankston Hospital, and prestigious schools including Toorak College and Peninsula Grammar. With Olivers Hill steps, Sweetwater Creek walking trails, and the Peninsula Aquatic Recreation Centre all nearby, this once-in-a-lifetime waterfront home offers the ultimate blend of luxury, convenience, and serenity.

Property History for 563 Nepean Hwy, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$1,900,000
23 Dec 2011
Listed for Rent
$2.90k/w
10 Oct 2025
  • 12 Mar 2025
    Listed for Rent $2,900 / week
  • 10 Feb 2025
    Listed for Sale $4,988,888 - $5,250,000
  • 20 Jul 2023
    Listed for Sale Not Disclosed
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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 21,754 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 58 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1154 properties were sold in the past 12 months in Frankston.

Suburb Insights for Frankston 3199

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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.