523/85 Market Street, South Melbourne, VIC 3205 sold on 12 June 2025 | OnTheHouse
SOLD
Sold on 12 Jun 2025 - Price Unavailable

523/85 Market Street
South Melbourne VIC 3205

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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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. While the property is not currently for sale or for rent, it was last sold in June 2025. There are other 2 bedroom Unit sold in South Melbourne in the last 12 months.

Building Type
Unit

Last Listing description (June 2025)

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 café 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 Casino

Whether 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

A timeline of how this property has performed in the market
Last Sold
12 Jun 2025
Listed for Rent
11 Sep 2024
  • 08 Jun 2025
    Sold for $585,000
  • 27 May 2025
    Listed for Sale $595,000 - $625,000
  • 28 Aug 2024
    Listed for Rent $650 / week
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About South Melbourne 3205

The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of 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 12,874 properties. Over the last 5 years, Houses in South Melbourne have seen a 10.82% increase in median value, while Units have seen a 6.26% increase. As at 30 November 2025:

  • The median value for Houses in South Melbourne is $1,744,641 while the median value for Units is $633,273.
  • Houses have a median rent of $725 while Units have a median rent of $650.
There are currently 33 properties listed for sale, and 38 properties listed for rent in South melbourne on OnTheHouse. According to Cotality's data, 499 properties were sold in the past 12 months in South melbourne.

Suburb Insights for South Melbourne 3205

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Contact agent
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Taylor Sims
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Zekria Tawafi
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Ray White Southbank | Port Phillip
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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.