504 Bay StreetPort Melbourne VIC 3207
Property Details for 504 Bay St, Port Melbourne
504 Bay St, Port Melbourne is a 3 bedroom, 1 bathroom House and was built in 1890. The property has a land size of 202m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Last Listing description (June 2026)
THE DEAL
Please contact Peter Zervas on 0405 682 173 to arrange a private inspection.
Located in one of Port Melbournes most sought-after positions, this exciting opportunity sits in a peaceful cul-de-sac. Measuring approximately 202 sqm, with an extra-wide frontage, providing tremendous potential to build/renovate or expand (STCA).
This once-in-a-lifetime offering includes an approved planning permit for a double-storey home with 5 spacious bedrooms, 4 bathrooms (including two ensuites), a European kitchen with butlers pantry, and backyard with patio. Once completed, this will be a unique residence in Port Melbourne, as freestanding, double-fronted homes of this size are extremely rare.
The planning permit includes full demolition of the property, offering an excellent opportunity for brand new, structurally sound foundations.
SEALS THE DEAL
Everything you need is just a short walk away in Port Melbournes highly walkable area. Enjoy the best of both seaside and city living, with parks, schools, cafes, restaurants, and public transport all within reach. Dont miss this incredible chance to create your dream home in this prime bayside location.
Property History for 504 Bay St, Port Melbourne, VIC 3207
- 04 Mar 2026Listed for Sale THE DEAL: $1.19M
- 25 Feb 2025Listed for Sale THE DEAL: $1.28M - $1.35M
- 19 Feb 2022Sold for $1,360,000
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About Port Melbourne 3207
The size of Port Melbourne is approximately 10.1 square kilometres. There are 34 parks, covering nearly 11.2% of the total area. The population of Port Melbourne in 2016 was 16175 people. By 2021 the population was 17633 showing a population growth of 9.0% in the area during that time. The predominant age group in Port Melbourne is 30-39 years. Households in Port Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Port Melbourne work in a professional occupation.In 2021, 54.30% of the homes in Port Melbourne were owner-occupied compared with 50.50% in 2016.
Port Melbourne has 13,386 properties. Over the last 5 years, Houses in Port Melbourne have seen a -0.70% decrease in median value, while Units have seen a 0.22% increase. As at 31 May 2026:
- The median value for Houses in Port Melbourne is $1,727,863 while the median value for Units is $844,356.
- Houses have a median rent of $900 while Units have a median rent of $730.
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