4801/318 Queen Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

4801/318 Queen Street
Melbourne VIC 3000

Bedrooms: 3
Bathrooms: 3
Car spaces: 2
Land area: 673m2
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Property Details for 4801/318 Queen St, Melbourne

4801/318 Queen St, Melbourne is a 3 bedroom, 3 bathroom Unit with 2 parking spaces. The property has a land size of 673m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
Unit
Land Size
673m2
Local Government
Melbourne
Lot/Plan
4801/PS637192

Last Listing description (April 2026)

Occupying the entire top floor as one of only two exclusive sky homes in the architecturally acclaimed Paragon tower, this 3 bedroom, 3.5 bathroom penthouse offers unmatched luxury, privacy, and panoramic city views. Designed by the visionary Fender Katsalidis, with lush landscaping by Paul Bangay and developed by the prestigious Beulah group, this home sets a new benchmark in elevated urban living.Step inside and be the first to enjoy the expansive open plan living and dining areas, framed by floor to ceiling glass that invites in an abundance of natural light and showcases sweeping vistas across Melbourne's skyline. The gourmet kitchen is a chef's dream, equipped with top tier Gaggenau appliances, dual ovens, an integrated Fisher & Paykel fridge/freezer, natural stone benchtops, a striking waterfall edged island, and a fully appointed butler's pantry for seamless entertaining.Retreat to the grand master suite, positioned to capture stunning views of the bay and Southbank's soaring towers. This sanctuary includes a custom fitted dressing room and an indulgent ensuite with a freestanding bath, walk in rain shower, twin vanities, and a separate WC. The two additional bedrooms are generously proportioned with mirrored robes, with one featuring a private ensuite and the other serviced by a central designer bathroom.An internal spiral staircase leads to your own rooftop terrace, an entertainer's paradise set high above the city, perfect for hosting under the stars. This penthouse also features a luxurious stone bar with a Vintec wine fridge, a large laundry room, a statement powder room, zoned climate control, wide oak flooring, double glazed windows, 2 secure parking spaces, and a large storage room.Paragon is an elite lifestyle destination with premium resident facilities including a 3 storey indoor forest, heated indoor pool, spa, sauna, fully equipped gym, cinema, library, private lounge with fireplace, an EV charger, a commercial grade kitchen with dining space, video intercom, concierge services, and high speed lifts.Ideally located within walking distance to Flagstaff Gardens, Melbourne Central, Queen Victoria Market, top universities, Emporium, QV, and countless cafes, restaurants, and shops. With easy access to free trams and public transport, this is an extraordinary opportunity to live in one of Melbourne's most exciting new developments.

Property History for 4801/318 Queen St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$2,650,000
31 Mar 2023
  • 10 Sep 2025
    Listed for Sale $2,800,000 - All reasonable offers are welcome
  • 31 Mar 2023
    Sold for $2,650,000
  • 08 Dec 2022
    Listed for Sale $2,850,000 - $3,080,000
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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 64,270 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:

  • The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
  • Houses have a median rent of $700 while Units have a median rent of $672.
There are currently 275 properties listed for sale, and 162 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2687 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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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.