4802/318 Queen Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

4802/318 Queen Street
Melbourne VIC 3000

Bedrooms: 3
Bathrooms: 3
Car spaces: 2
Floor area: 193m2
Land area: 673m2
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Property Details for 4802/318 Queen St, Melbourne

4802/318 Queen St, Melbourne is a 3 bedroom, 3 bathroom Unit with 2 parking spaces. The property has a land size of 673m2 and floor size of 193m2. While the property is not currently for sale or for rent, it was last sold in April 2017.

Building Type
Unit
Floor Size
193m2
Land Size
673m2
Local Government
Melbourne
Lot/Plan
4802/PS637192

Last Listing description (November 2025)

An exclusive celebration of gallery-sized space, high-quality finish and penthouse perfection, this truly stunning 3 bedroom, 3 bathroom corner apartment is graced with the most spectacular views over Melbourne. Imagine sunsets to your left, sunrises to your right, and luxe interiors overflowing with natural light. As one of just two apartments crowing the very top floor, welcome to Paragon, the CBD benchmark!

Under towering ceilings, the home reveals itself with designated wide-reaching space for luxury living and dining attracting northern sunlight through full-height glass. An uninterrupted panorama skirts the horizon with a captivating outlook of the city skyline, the mountainous majesty of the You Yangs, the Great Dividing Range and the blue-water beauty of Victoria Harbour and Port Phillip Bay.

Exhibiting exemplary attention-to-detail, a marble-finished kitchen boasts a waterfall-edged island bench, high-quality Gaggenau appliances and a breathtaking backdrop while you prepare a meal. Enjoy the peace and privacy of a sun-kissed sitting room, while a sizeable study zone comes complete with a built-in workstation. Alfresco indulgence is covered by a large rooftop terrace accessed from a delightfully curved spiral staircase.

All three substantially sized and robed bedrooms share in the picturesque aspect, perfectly positioned for restful repose. An opulent main bedroom stretches out in a palatial corner setting alongside roomy walk-in robes and a twin-vanity ensuite boasting a freestanding bath, walk-in rainfall shower and a separate WC. The remaining mirror-robed bedrooms are also generously scaled, serviced by a pristine pair of fully tiled bathrooms.

Comprehensive features include parking for 2 cars, a same-level storeroom, a large laundry, zoned heating and cooling throughout, double glazing, lightly toned oak flooring, recessed LED down-lighting and so much more! Venture downstairs and stroll to Melbourne Central, QV, Emporium, universities, free city trams, Flagstaff Gardens, Queen Victoria Market and the culinary excellence of Hardware and Guildford Lanes.

Designed by leading architects Fender Katsalidis (Eureka Tower, MONA) matched with landscapes by the esteemed Paul Bangay, the resort-inspired Paragon includes a concierge, a fully equipped gym, indoor heated pool, spa, sauna room, a three-storey indoor forest, theatre, library, a commercial-grade kitchen, and a shared dining and lounge with a fireplace. This penthouse entertainer offers an unrivalled opportunity to experience the very best Melbourne has to offer. An inspection will be rewarded!

To arrange an inspection, please click the Get in Touch button to register your details and select a suitable inspection time. Once registered, you will receive automatic notifications regarding any changes to the inspection schedule.

Please note that inspection times and property availability are subject to change or cancellation without prior notice. Inspections may not proceed if there are no registered attendees.

To submit an application for this property, please click the Apply button and follow the prompts.

Property History for 4802/318 Queen St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$3,068,200
28 Apr 2017
Listed for Rent
$2.50k/w
08 Jun 2023
  • 30 Sep 2025
    Listed for Rent $2,325 / week
  • 07 Apr 2025
    Listed for Sale $2,800,000 - $3,000,000
  • 16 Oct 2024
    Listed for Sale $2,950,000 - $3,200,000
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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 64,271 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 274 properties listed for sale, and 168 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2689 properties were sold in the past 12 months in Melbourne.

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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.