523/85 Market StreetSouth Melbourne VIC 3205
Property Details for 523/85 Market St, South Melbourne
523/85 Market St, South Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2017. The property has a land size of 3417m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in June 2025.
Last Listing description (July 2026)
Perfectly positioned between the iconic South Melbourne Market and the vibrant energy of Clarendon Street, this stylish fifth-floor apartment places you in the heart of one of Melbourne's most sought-after lifestyle precincts. Surrounded by a dynamic caf culture, renowned restaurants, boutique shopping, and easy city-bound tram access, this location offers the best of inner-city convenience with a community-focused feel. Weekend adventures await at the Royal Botanic Gardens, Melbourne's sporting arenas, or just steps away at the bustling market.Thoughtfully designed for modern living, the spacious two-bedroom, two-bathroom residence showcases a light-filled open plan living and dining area with views looking out over South Melbourne. The gourmet kitchen boasts stone bench-tops, a waterfall island breakfast bar, soft-closing cabinetry, and premium Smeg and Bosch appliances. Enjoy seamless indoor-outdoor living with two sliding doors opening to a generous undercover balcony that captures panoramic city vistas. The main bedroom includes a full wall of built-in robes and a chic, fully tiled ensuite, while the second bedroom also features built-in robes and access to a stylish matching bathroom. A discreet European laundry completes the smart layout.Additional features enhance comfort and security, including floorboards throughout, double glazing, reverse cycle air conditioning, and a video intercom system. Located in the acclaimed 'Teri' development, residents benefit from secure lift access, a welcoming lobby, and a basement car space with over-the-bonnet storage. This is low-maintenance luxury living in an unbeatable location-ideal for professionals, investors, or lifestyle-driven buyers.- 75m to South Melbourne Shopping Centre- 400m to South Melbourne Market- 500m to Clarendon Shopping Centre- 750m to Crown CasinoWhether you are looking for your first home or an excellent investment in a stunning location, do not miss out on this opportunity, call Taylor Sims on 0403 485 210 for any inquiry.
Property History for 523/85 Market St, South Melbourne, VIC 3205
- 08 Jun 2025Sold for $585,000
- 27 May 2025Listed for Sale $595,000 - $625,000
- 28 Aug 2024Listed for Rent $650 / week
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0About 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 12,933 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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