1 Hopes Rise, Frankston South is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 1936. The property has a land size of 649m2 and floor size of 168m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 3 bedroom House sold in Frankston South in the last 12 months.
Perched on iconic Olivers Hill, named after local fisherman James Oliver, who built his cottage at this location to keep watch for fish in the waters below, this landmark 1930s solid clinker brick residence commands one of the most coveted positions on Port Phillip Bay. Olivers Hill is considered to have one of the top ten residential views in Melbourne, and this home makes the most of every degree of it, with panoramic vistas sweeping from Frankston's coastline across the bay to Melbourne's city skyline.Built during an era when Olivers Hill was sought after by Melbourne's established families as a destination for holiday homes, this Art Deco gem has stood as a landmark of the hillside for nearly a century. This is a rare opportunity to own a piece of genuinely significant Bayside history, or to redevelop an incomparable 649m (approx.) landholding.Property Inclusions:* Three-bedroom clinker brick construction with authentic Art Deco character - high ceilings, picture rails, sash windows with wide sills* Panoramic bay and city views from virtually every room* Grand open-plan lounge and dining with mesmerising water outlook* Updated granite kitchen and master suite with ensuite and walk-in robe* Art Deco-style bathroom and sunny rear breakfast terrace* Ducted heating and air conditioning throughout* Sweeping dual driveway, lower-level garage and storage roomThe Location* Steps to a wide sandy beach, directly opposite the boat ramp and boardwalk to Frankston's CBD* Minutes to dining, retail, Frankston Arts Centre, Frankston Hospital and Monash University* George Pentland Botanical Gardens and Sweetwater Creek Nature Reserve trails nearby* Frankston High School zoneHistory, views, lifestyle, land - rarely does one property offer all four in equal measure.
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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