654 Nepean Highway, Frankston South, VIC 3199 | Property Value & History | OnTheHouse
OFF MARKET

654 Nepean Highway
Frankston South VIC 3199

Bedrooms: 3
Bathrooms: 2
Car spaces: 4
Floor area: 229m2
Land area: 1853m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 31 Aug 2026
Low

High
Save

Property Details for 654 Nepean Hwy, Frankston South

654 Nepean Hwy, Frankston South is a 3 bedroom, 2 bathroom House with 4 parking spaces and was built in 1966. The property has a land size of 1853m2 and floor size of 229m2. While the property is not currently for sale or for rent, it was last sold in April 2018.

Building Type
House
Year Built
1966
Floor Size
229m2
Land Size
1853m2
Local Government
Frankston
Lot/Plan
26/LP23920

Last Listing description (March 2023)

In the most prestigious dress-circle location, situated beachside at the top of Oliver's Hill, the gateway to the coveted Yamala Estate, this is undoubtably the best location of Frankston South.

Just moments away from incredible beaches the Peninsula has to offer, close by to renowned education, Frankston CBD, Mt Eliza village and only a short stroll down to Kackeraboite Creek Beach - truly a hidden treasure.

This beachside home has been updated and immaculately presented, offering both luxury and relaxed living. The stylish home boasts 3 bedrooms, 2-bathroom, family room overlooking pool and theatre room/second living area with spectacular views of Port Phillip Bay.

The open plan kitchen will be sure to impress, featuring stone bench tops, island bench, high-quality stainless-steel appliances, and a butler's pantry.

Encompassed by lush greenery, inground pool & water feature and a large entertaining gazebo with fireplace, makes this the perfect entertainer!

Grand features this home has to offer:

-Elegant living room with feature fireplace
-Theatre room/retreat on first floor with bar, projector & screen
-First floor balcony looking out to Bay views
-Master bedroom with ensuite and walk in robe
-Both bedrooms with BIRs and Juliet balcony's facing out to terrace
-Main bathroom with shower & WC
-Additional family bathroom with deep-soaking bath
-Floor to ceiling windows and sliders
-Split system air conditioning
-Ducted heating
-Polished wooden floors
-Salt-chlorinated in ground pool & water feature
-Garden shed
-Boat & caravan parking
-Double garage plus driving parking
-Secure pedestrian gate access
-on 1853sqm approx.

And an impression list of attractions & amenities close by:

-Kackeraboite Creek Beach - 340m approx.
-Olivers Hill Lookout - 716m approx.
-Mr Frankie Cafe - 749m approx.
-Daveys Bay Yacht Club - 1.1km approx.
-Toorak College - 1.47km approx.
-Olivers Beach - 1.46km approx.
-Canadian Bay Beach - 1.8km approx.
-Frankston Pier - 2km approx.
-Frankston High School -2.38km approx.
-Mt Eliza Centre - 2.5km approx.
-Frankston Hospital - 2.6km approx.
-PARC - 2.9km approx..

*Measurements as the crow flies

Please contact the agent for a list of updates that have been done to the property.

All offers will be considered prior to Auction.

Property History for 654 Nepean Hwy, Frankston South, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$1,550,000
24 Apr 2018
  • 31 Oct 2022
    Listed for Sale $2,250,000 - $2,475,000
  • 24 Apr 2018
    Sold for $1,550,000
  • 23 Mar 2018
    Listed for Sale $1,475,000 - $1,622,500
Sign in to see more transactions
Commute Calculator

About Frankston South 3199

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 8,130 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:

  • The median value for Houses in Frankston South is $1,227,734 while the median value for Units is $783,678.
  • Houses have a median rent of $720 while Units have a median rent of $610.
There are currently 33 properties listed for sale, and 9 properties listed for rent in Frankston south on OnTheHouse. According to Cotality's data, 339 properties were sold in the past 12 months in Frankston south.

Suburb Insights for Frankston South 3199

Market Insights
Frankston South Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Frankston South Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.