40 Ithaca RoadFrankston South VIC 3199
Property Details for 40 Ithaca Rd, Frankston South
40 Ithaca Rd, Frankston South is a 3 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 1003m2. While the property is not currently for sale or for rent, it was last sold in January 2026. There are other 3 bedroom House sold in Frankston South in the last 12 months.
Last Listing description (January 2026)
Rich with architectural intent in a blue-chip Olivers Hill setting, this original 3-bedroom + office, 2-lounge residence presents an immaculate time capsule of authentic vintage design. Defined by its significant proportions and a deep respect for light and structure, it showcases an increasingly scarce opportunity to preserve, restore or reimagine a home of breathtaking architectural appeal.
A subdued glass-fronted facade beyond established era-apparent gardens underscores its family-focused appeal, opening into the original detailing of amber glass and exposed brick feature walls, and the raked ceilings with exposed beams over its foremost lounge and dining room. Form, function and restraint work together to create a purposeful transition into the open family and meals area, where full-width glazing further illuminates the timeless qualities of its gorgeous original kitchen.
A sizeable courtyard garden beyond a high brick fence extends the living experience outdoors, whilst the huge backyard to the rear reinforces the family-first credentials of its original design. The three bedrooms are zoned to the rear of the home around a family bathroom and a fitted home office with a feature amber glass partition, led by the master suite with extensive robes, split-system comfort and a full ensuite.
Its tandem single carport and garage provide access through to the rear yard, where an external bathroom lays the inspired foundations for a new pool or alfresco terrace (STCA), headlining a list of features that includes ducted heating, split-system air conditioning, two water tanks, and a classic Hills Hoist.
Just metres from Yamala Park Bowling and Tennis clubs, Norman Avenue shops and cafes, Kackeraboite Creek Beach, and Sweetwater Creek nature trails, it's just a short drive to the zoned Frankston High School, Toorak College, and Peninsula Grammar, with Mount Eliza Village, Frankston CBD, and Melbourne-bound freeways all close by.
A rare architectural original with all the scale, setting, and substance to shape an incredible next chapter.
Should you require any further information, please do not hesitate to contact Ashley Weston on 0439 101 677 or Kristell Elson on 0400 165 801 anytime.
Please note Photo ID is required for all inspections.
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
Property History for 40 Ithaca Rd, Frankston South, VIC 3199
- 31 Jan 2026Sold for $1,475,000
- 09 Jan 2026Listed for Sale $1,325,000
- 02 Aug 2025Transferred
Recent sales nearby
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0About Frankston South 3199
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 8,131 properties. Over the last 5 years, Houses in Frankston South have seen a 31.41% increase in median value, while Units have seen a 23.43% increase. As at 28 February 2026:
- The median value for Houses in Frankston South is $1,291,196 while the median value for Units is $820,824.
- Houses have a median rent of $690 while Units have a median rent of $535.
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