1/637 Nepean Hwy, Frankston South is a 3 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1950. The property has a land size of 432m2 and floor size of 139m2. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 3 bedroom Unit sold in Frankston South in the last 12 months.
Rich in character and reimagined with colourful flair, this architecturally designed 1950s cottage has been beautifully revived with playful pastels, original textures, and a deep respect for its mid-century bones. Perched at the top of Olivers Hill just 300 metres from the shoreline, it offers inspired living as-is, with the tempting potential to enhance those bay views into something truly spectacular with a second-storey addition (STCA). Perfectly positioned within the highly sought-after Frankston High School Zone, this is an exceptional opportunity for those seeking lifestyle, location, and long-term value in one of the area's most tightly held pockets.
The warmth and the whimsy are unmistakable as you step across the stone-laden threshold, opening to incredible light-filled living and dining spaces with freshly polished hardwood floors, full-height windows breathing in the outdoors, and a Moorooduc stone fireplace and opposing indoor-outdoor wall anchoring the room with a distinctive charm you won't find elsewhere. The kitchen is equal parts function and flair, with recycled glass benchtops over pastel-popping cabinetry adding personality in all the right places, surrounding a sourced mid-century range cooker, an integrated dishwasher, and a butler's pantry-style laundry for that perfect touch of practicality.
A matching palette carries into the powder room and bathroom, where original terrazzo surrounds and a retained cast iron tub tell their own story beside new fluted cabinetry. Each of the three bedrooms features polished floors and built-in robes, reflecting the peace and privacy of the sun-drenched yard and terraces, where the postcard-worthy bay views hint at a second-storey extension that would significantly enhance its outlook.
There's confidence in every detail, from the double-glazed front windows and European light fittings, to the new insulation, restumping works, and refrigerated heating/cooling system. Tucked just 300 metres from the shoreline and moments from Norman Avenue cafs, this is seaside living with soul, close to Olivers Hill boat ramp, Sweetwater Creek trails, and the zoned Frankston High School.
A home that speaks to the past, delights in the present, and leaves the door wide open for a bold and beautiful future. Act now.
The size of Frankston South is approximately 14.6 square kilometres. There are 36 parks, covering nearly 10.1% of the total area. The population of Frankston South in 2016 was 18199 people. By 2021 the population was 18801 showing a population growth of 3.3% in the area during that time. The predominant age group in Frankston South is 40-49 years. Households in Frankston South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Frankston South work in a professional occupation.In 2021, 78.30% of the homes in Frankston South were owner-occupied compared with 76.20% in 2016.
Frankston South has 8,141 properties. Over the last 5 years, Houses in Frankston South have seen a 11.72% increase in median value, while Units have seen a 6.14% increase. As at 31 July 2026:
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