569 Nepean Highway, Frankston, VIC 3199 sold on 19 May 2025 | OnTheHouse
 
SOLD
Sold on 19 May 2025 for $1,033,000

569 Nepean Highway
Frankston VIC 3199

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 608m2
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Property Details for 569 Nepean Hwy, Frankston

Building Type
Land
Year Built
1950
Land Size
608m2
Local Government
Frankston
Lot/Plan
1/TP15094

Last Listing description (January 2024)

Unveiling an exclusive gem in the coveted heart of Frankston - a magnificent block of land, situated in a prestigious neighbourhood, surrounded by elite properties. The dream of upscale living meets unparalleled opportunity.

With approximately 607m (RZ1) of prime land, this superior allotment beckons those with a discerning eye. Thanks to its unique sloping terrain, the site gifts never-to-be-built-out sweeping vistas of Port Phillip Bay & beyond.

Construct a multi-level haven, where every glance out of your window offers heart-stopping panoramas. Be it the vast expanse of the ocean narrating tales of the horizon or the mesmerizing city lights painting a dynamic tapestry, you are in for a visual treat.

Steps from the waterfront and cocooned within the Frankston High School zone, this plot promises more than just luxury. From retail therapy at Bayside Shopping Centre to efficient commutes from Frankston Train Station, every urban convenience is within arm's reach. Not to mention, the proximity to Frankston Hospital & Sweetwater Creek amplifies the allure.
While the land itself sets the stage for a second-to-none family residence, its potential doesn't end there. Visionaries can also harness this goldmine for a high-end multi-unit development, subject to council approval.

Why 569 Nepean Highway?
Exceptional development potential in an esteemed location.
Close-knit community vibe with urban conveniences.
An investor's dream, with robust future prospects.
Seize Your Tomorrow, Today!
Opportunities of this magnitude and charm are rare and fleeting. Secure your legacy, watch your dreams manifest, and live a life of unmatched grandeur in a 'blue ribbon' position.

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Property History for 569 Nepean Hwy, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$1,033,000
19 May 2025
  • 19 May 2025
    Sold for $1,033,000
  • 16 Oct 2023
    Listed for Sale $1,050,000 to $1,150,000
  • 18 Sep 2021
    Sold for $1,020,000
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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 104 properties listed for sale, and 56 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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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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