1503/181 Exhibition StreetMelbourne VIC 3000
Property Details for 1503/181 Exhibition St, Melbourne
1503/181 Exhibition St, Melbourne is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1996. The property has a land size of 183m2 and floor size of 174m2.
Last Listing description (January 2026)
Set in Paramount towers upper Penthouse Collection (Levels 1418), Residence 1503 occupies a rare north-west corner a spacious 183m home defined by calm, uninterrupted city views.
Originally a three-bedroom layout, the residence was redesigned by internationally acclaimed designer Ken Cato as his personal residence distilled into an oversized two-bedroom + study of remarkable scale and clarity. The design is disciplined and intentional: strong sightlines, open, flowing living space, and the refined taste of an award winning designer.
Natural light is a constant presence. Throughout the day, the north-west aspect fills every room with a soft, glowing calm carrying into golden sunsets that settle across the city. At night, the warm glow of Chinatown and the skyline creates a spectacular panoramic view.
The living, dining and kitchen form one continuous, sculpted space. The kitchen is a centrepiece an oversized island, moulded double sink, extensive storage and chef-grade appliances created for connection and effortless entertaining. A quiet study/library sits between the living space and the accommodation wing, offering separation while guiding the flow of the home.
The master suite is indulgent in proportion: expansive, serene, with extensive robes, en suite and its own private balcony. The central bathroom carries the same architectural restraint and includes an integrated laundry discreetly concealed within the joinery.
Additional features include reverse-cycle climate control, secure intercom entry and a full-time building manager.
Residents have access to resort-style facilities including a swimming pool, gymnasium, tennis court and sauna a quiet counterbalance to the energy of the surrounding precinct. Florentino, Pellegrinis, Chinatown and luxury retail all sit moments from your door.
A rare offering within the buildings Penthouse Collection very few homes on these upper tiers ever trade; fewer still arrive with this level of clarity, proportion and design discipline.
For context, the most recent sale within the building's Penthouse Collection was Residence 1701, which transacted for $2,200,000 on 14 February 2025 and shared the same floor plan.
Property History for 1503/181 Exhibition St, Melbourne, VIC 3000
- 01 Dec 2025Listed for Sale $1,400,000 - $1,500,000
- 27 Jul 2021Listed for Sale $1,250,000 - $1,350,000
Recent sales nearby
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.
Melbourne has 64,297 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:
- The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
- Houses have a median rent of $640 while Units have a median rent of $670.
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