36 Ithaca Rd, Frankston South is a 5 bedroom, 3 bathroom House with 4 parking spaces and was built in 1973. The property has a land size of 1003m2 and floor size of 221m2. While the property is not currently for sale or for rent, it was last sold in June 2024.
Resort Style Luxury on Oliver's Hill
This sophisticated 5-bedroom, 3-bathroom residence has been curated without compromise to deliver the ultimate in contemporary family luxury. Taking in breathtaking bay and treetop views from its privileged 995sqm (approx) landscaped garden setting atop Olivers Hill, and within easy reach of Mount Eliza Village - this is the pinnacle of elite Peninsula living.
A cobblestone driveway and showpiece facade introduce the home's designer interior, with an oversized pivot door revealing generous open-plan living and dining areas, warmed by the ambience of a gas log fireplace and enriched by bay views, terrace access and a gourmet kitchen boasting top-of-the-range Smeg and Asko appliances.
The 5-bedroom accommodation provides space for each family member, including the sumptuous main bedroom with sublime bay views, a custom walk-in robe and a luxe ensuite. A showpiece of alfresco style and indulgence extends via the lower-floor living zone to a 200sqm (approx) alfresco area, benefitting from an automatic Vergola, built-in BBQ kitchen and recycled red-brick wood-burning fireplace, offering the perfect vantage point to watch the kids in the heated, free-form pool, on the mod-grass half-court and soccer pitch.
Zoned for both Frankston High and Derinya Primary Schools, and located within easy walking distance to Yamala Park and tennis courts, Norman Ave cafes, Kackeraboite Creek Beach, Sweetwater Creek and Frankston foreshore, this spectacular home is appointed with Fujitsu ducted heating/AC upstairs, split system air conditioning downstairs, video intercom, CCTV, Zip Tap, double glazing, a four-car remote garage with extensive storage, a poolside bathroom, a bike shed, plus an auto gate securing another four off-street parking spaces.
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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 8,141 properties. Over the last 5 years, Houses in Frankston South have seen a 37.09% increase in median value, while Units have seen a 24.49% increase. As at 30 November 2025:
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