539 Royal Pde, Parkville is a 3 bedroom, 4 bathroom House with 2 parking spaces and was built in 2019. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 3 bedroom House sold in Parkville in the last 12 months.
The ultimate in low maintenance urban luxury, this cutting edge 4 bedroom + study 4.5 bathroom sensation sits opposite Princes Park capturing views from multiple levels. Serviced by a private lift to the 4 internal levels, this innovative design culminates in rooftop terrace entertaining with the best of the park vistas. Welcomed by a parkside sitting area, the ground floor is your centre stage for lifestyle featuring glorious open plan living and dining with a prestige marble kitchen (Miele appliances including integrated fridge/freezer and 2nd dishwasher in butlers pantry) and wall of bi folding glass to the private west facing garden courtyard with barbeque bench; plus theres a powder room. The first floor plays host to the deluxe main bedroom with 2 custom walk in robes and a sumptuous full ensuite, while an extra bedroom could be utilised as a retreat to create the dream main suite. The second floor is great for guests and children with 2 first class bedroom suites (including one with balcony) and a central living space. The lower level has its own external entrance making it viable for live in carers and consulting, enjoying a versatile study/bedroom, a beautiful bathroom and a fitted laundry. With kitchenettes giving each level extra independence, this showpiece home is unmatched with European Oak floors, full height sheers, zoned ducted heating/air conditioning, alarmed security, video intercom, prolific storage including for wine (Vintec fridge) and a double auto garage via The Avenue. In this famous boulevard, surrounded by parks and ovals, so close to Sydney Roads cultured food and drink scene, Barkly Square Shopping Centre, Jewell station, Royal Park Tennis Club, Royal Park Golf Course and the Inner Circle Rail Trail, zoned for Princes Hill Primary School and Princes Hill Secondary College, while a short tram ride to the University of Melbourne and CBD.
The size of Parkville is approximately 4.1 square kilometres. There are 23 parks, covering nearly 51.1% of the total area. The population of Parkville in 2016 was 7409 people. By 2021 the population was 7074 showing a population decline of 4.5% in the area during that time. The predominant age group in Parkville is 20-29 years. Households in Parkville are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Parkville work in a professional occupation.In 2021, 32.50% of the homes in Parkville were owner-occupied compared with 31.60% in 2016.
Parkville has 4,297 properties. Over the last 5 years, Houses in Parkville have seen a -11.75% decrease in median value, while Units have seen a 8.11% increase. As at 31 July 2026:
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