401/99 Palmerston CrescentSouth Melbourne VIC 3205
Property Details for 401/99 Palmerston Cres, South Melbourne
401/99 Palmerston Cres, South Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2015. While the property is not currently for sale or for rent, it was last sold in June 2022.
Last Listing description (November 2025)
Private Negotiation
THE DEAL
To arrange a private inspection, please contact Peter Zervas on 0405 682 173
Showcasing a postcard-perfect view of Melbournes iconic skyline, this unforgettable two-bedroom apartment with a study alcove stands out as one of the premier residences on the edge of the city. Perfectly located between the lifestyle attractions of Albert Park Lake, Clarendon Street, and the CBDwith the popular Rising Sun Hotel just steps awaythis impeccably appointed fourth-floor home sits within the exclusive and tightly-held Momentum building.
The open-plan living area is anchored by a sleek, stone-benched kitchen featuring premium Miele appliances, including a convection cooktop and oven. The space flows seamlessly onto a generous entertainers balcony, where the dramatic cityscape creates a stunning backdrop. Both bedrooms are privately zoned and feature built-in robes, with the master boasting a luxurious, fully tiled ensuite. Additional highlights include a smart study nook ideal for working from home, a space-saving European laundry, secure video entry, lift access and convenient and well positioned secure car parking with storage cage.
SEALS THE DEAL
Enjoy the best of inner-south livingfrom leisurely strolls around Albert Park Lake and the waterfront, to the vibrant shopping and dining scene of Clarendon Street and South Melbourne Market. With Southbank, the Arts Precinct, major sporting venues, and the CBD all within easy reach, this is city-edge living at its finest.
Property History for 401/99 Palmerston Cres, South Melbourne, VIC 3205
- 16 Sep 2025Listed for Sale THE DEAL: $705K
- 25 Jun 2022Sold for $800,500
- 01 Jun 2022Listed for Sale Contact Agent
Recent sales nearby
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About South Melbourne 3205
The size of South Melbourne is approximately 2.2 square kilometres. There are 15 parks, covering nearly 3.3% of the total area. The population of South Melbourne in 2016 was 10920 people. By 2021 the population was 11548 showing a population growth of 5.8% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation.In 2021, 42.40% of the homes in South Melbourne were owner-occupied compared with 40.20% in 2016.
South Melbourne has 13,154 properties. Over the last 5 years, Houses in South Melbourne have seen a -4.88% decrease in median value, while Units have seen a -0.82% decrease. As at 31 July 2026:
- The median value for Houses in South Melbourne is $1,699,133 while the median value for Units is $613,169.
- Houses have a median rent of $850 while Units have a median rent of $675.
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