504/657 Chapel St, South Yarra is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1995. The property has a land size of 2098m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 2 bedroom Unit sold in South Yarra in the last 12 months.
Perfectly positioned within the tightly held South Yarra Towers, this beautifully maintained residence at South Yarra Towers offers an exceptional lifestyle in one of Melbourne's most distinguished boutique buildings. With only 60 apartments in the entire complex, opportunities to secure a home here are genuinely rare.Celebrated for its unique architecture, South Yarra Towers has long been admired for its solid construction, generous layouts and unmistakable character. Built during a period when individuality and space were prioritised, the building stands as an enduring landmark along Chapel Street. Its premium location, directly opposite Vogue Plaza, places cafs, supermarkets, specialty stores and transport literally at your doorstep, with the Yarra River, Como Park and world-class dining all moments away.The apartment itself is an exceptional offering. One of the very few dual-level residences in the building, it provides a sense of scale and privacy rarely found in apartment living, feeling far more like a contemporary townhouse than a traditional unit. The split-level design creates natural separation between living and accommodation zones, enhancing both comfort and functionality. Expansive proportions, high ceilings and large windows allow the space to feel open, inviting and filled with natural light-perfect for both quiet living and entertaining.Adding to the appeal, South Yarra Towers has recently undergone a comprehensive building refresh, including new internal and external paintwork, a newly installed roof and a brand-new elevator scheduled for completion in the first quarter of next year. These upgrades ensure residents enjoy long-term security, comfort and an elevated lifestyle experience.Stylish, spacious and architecturally unique, this rare dual-level residence delivers the charm of townhouse living with the convenience of a prime South Yarra address-an unbeatable combination for homeowners and investors alike.
The size of South Yarra is approximately 3.6 square kilometres. There are 19 parks, covering nearly 19.1% of the total area. The population of South Yarra in 2016 was 25147 people. By 2021 the population was 25028 showing a population decline of 0.5% in the area during that time. The predominant age group in South Yarra is 20-29 years. Households in South Yarra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Yarra work in a professional occupation.In 2021, 35.50% of the homes in South Yarra were owner-occupied compared with 32.60% in 2016.
South Yarra has 26,717 properties. Over the last 5 years, Houses in South Yarra have seen a -17.13% decrease in median value, while Units have seen a -9.17% decrease. As at 31 July 2026:
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