506/108 Bay St, Port Melbourne is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2010. The property has a land size of 4271m2 and floor size of 127m2. While the property is not currently for sale or for rent, it was last sold in March 2015.
Completely surrounded by a sweeping balcony offering spectacular city views, this luxuriously proportioned penthouse apartment delivers an unbeatable bayside lifestyle above a myriad of restaurants just metres from the beach. Streaming with northern light, the expansive open plan living and dining room with a state-of-the art Miele kitchen features marble benches and timber floors. The stunning main bedroom with lavish walk in robes and designer en-suite, two additional double bedrooms with built in robes, a fitted study and a stylish bathroom all open to the north-facing balcony. Includes heating and cooling, separate laundry, video intercom, lift access, storage cage and two basement car spaces..
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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 13,446 properties. Over the last 5 years, Houses in Port Melbourne have seen a -8.74% decrease in median value, while Units have seen a -4.60% decrease. As at 31 August 2026:
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