5/89a Alma Rd, St Kilda East is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1865. While the property is not currently for sale or for rent, it was last sold in September 2024.
Glorious architect designed unique penthouse sitting at the top of a boutique mansion of four apartments at 89a Alma Rd, this is an impeccable residence first occupied in 2010. The Kangatong penthouse is of grand proportions.
It has three large, light filled bedrooms, polished hardwood floors, and spacious and sunny open plan living and dining room. It has a stylish kitchen with black galaxy granite benchtops, a sleek bathroom with separate toilet, and laundry facilities. It has jaw-dropping ceilings and large skylights, along with a huge terrace with stunning views. Premium on-title parking space. Passive ventilation system and pressed metal walls and period fittings. The penthouse also includes private intercom, security entrances, Art Deco details and 5-star hot water. The penthouse has a 5-star energy rating, fire and acoustic separations, modern wiring, plumbing, Daikan 5 point-heating and cooling, not a cent to spend.
At approx. 140sqm, this unit is substantially larger than most. It's mere metres from Alma Park, 10 minutes' walk to Balaclava or Windsor Stations, and approx. 20m from Chapel St tram. The penthouse is situated in extensive common grounds, set well back from the street, giving it a quiet charm with stunning views. This is the first time since the penthouse was completed in 2010 it has been on the market.
This is a rare opportunity to purchase this unique penthouse on top of historic Kangatong Mansion. The building dates from 1861 during the gold rush and Marvellous Melbourne building boom. What a combination of modern build, historic charm, setting and location.
Whether you're a first home buyer or a savvy investor (bringing a 4.9% return approx) this beautiful penthouse delivers hassle-free, secure living in an ideal location. It has extensive storage areas and service ducts for ease of a maintenance. The penthouse has development potential (with plenty of storage spaces enabling extensions to the current floorplan).
Secure your inspection with Alexander at Barry Plant.
The size of St Kilda East is approximately 2.3 square kilometres. There are 9 parks, covering nearly 6.8% of the total area. The population of St Kilda East in 2016 was 13101 people. By 2021 the population was 12571 showing a population decline of 4.0% in the area during that time. The predominant age group in St Kilda East is 30-39 years. Households in St Kilda East are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in St Kilda East work in a professional occupation.In 2021, 48.80% of the homes in St Kilda East were owner-occupied compared with 44.30% in 2016.
St Kilda East has 7,896 properties. Over the last 5 years, Houses in St Kilda East have seen a -9.13% decrease in median value, while Units have seen a -2.23% decrease. As at 31 July 2026:
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