27 Ithaca Rd, Frankston South is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1958. The property has a land size of 859m2 and floor size of 129m2. While the property is not currently for sale or for rent, it was last sold in November 2023.
With stunning bay views from your front verandah and endless afternoons of fun by the pool, this could be the sea-change you have been waiting for. A mid-century icon exceptionally enhanced for modern living directly across from Yamala Park Tennis & Bowls Club. This evocative 3-bedroom plus study home sits on one of the district's last remaining large corner lots (approx. 859sqm), providing a complete life of alfresco enjoyment, comforting natural light, and the potential to add a personalised touch with further renovations or an extension/subdivision (STCA).
Full-height fences maintain privacy from the street for its north-facing verandah and inground pool deck, bathed in warming northern light that spills into its vast lounge and dining hall. Rich hardwood floors and an exposed brick feature wall hint at its classic origins, exceptionally revitalised for the new age with a softened colour palette and a modern kitchen replete with stainless steel appliances and exceptional storage.
A unique accommodation arrangement befalls a split-level configuration towards the rear, delivering three bedrooms, a fitted laundry, a twin-vanity bathroom and a conveniently-raised study nook. Two of the bedrooms adjoin the verandah that wraps back around to the pool deck, inviting endless fun days basking in the afternoon sun & swimming in the salt-chlorinated pool.
Enjoy a coffee from the chic Norman Avenue shopping strip in the morning and a spot of barefoot bowls with the neighbours across the road at sunset, with days spent wandering Sweetwater Creek Reserve or relaxing at Olivers Hill and Kackeraboite beaches. Additionally comforted with ducted heating and split-system air conditioning, it sits in the Frankston High-catchment amongst the cream of Peninsula schooling, with Mount Eliza Village and Frankston CBD a short drive away.
The size of Frankston South is approximately 14.6 square kilometres. It has 36 parks covering nearly 10.1% of 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 8,129 properties. Over the last 5 years, Houses in Frankston South have seen a 28.29% increase in median value, while Units have seen a 17.09% increase. As at 31 March 2026:
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