1205/338 Kings Way, South Melbourne, Vic 3205

$625,000

Apartment
Type
2
Bedrooms
2
Bathrooms
1
Parkings

Published on Friday, October 02, 2026 ( See property details for 1205/338 Kings Way, South Melbourne, Vic 3205)

$625,000

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A luxurious north-east facing penthouse apartment offering stunning city and bay views, modern living, and prime Melbourne location.

🏡 Property Highlights

  • Top-floor corner penthouse with panoramic city and Port Phillip Bay views
  • North-facing terrace ideal for outdoor entertaining and relaxation
  • Open-plan living with abundant natural light and modern design
  • Secure basement parking, storage, and video entry for peace of mind
  • Prime location near Albert Park Lake, Botanic Gardens, and South Melbourne Market
  • Currently tenanted until October 2027, offering investment potential

✨ Key Features

  • Built-in Robes
  • Balcony
  • Open-Plan Living
  • Security Screens / Gates
  • Waterfront / Views
  • Fully fenced
  • Internal Laundry
  • Air Conditioning
  • Garage / Secure Parking
  • Elevator

South Melbourne offers a vibrant lifestyle with proximity to Albert Park Lake, the Botanic Gardens, and the bustling South Melbourne Market. Residents enjoy a mix of outdoor recreation, diverse dining options, and cultural attractions. The area boasts excellent transport links and a lively community atmosphere, making it ideal for both lifestyle and investment. With its iconic location and scenic views, South Melbourne is one of Melbourne’s most sought-after suburbs.

What are the main lifestyle benefits of living in this penthouse?
This penthouse offers stunning panoramic views, abundant natural light, spacious outdoor terrace for entertaining, and proximity to parks, markets, and cultural attractions, providing a vibrant Melbourne lifestyle.
Does the apartment have modern amenities and security features?
Yes, the apartment includes secure basement parking, video entry, an elevator, reverse cycle air conditioning, and built-in security screens for peace of mind.
Is the property suitable for investment purposes?
Absolutely, the property is currently tenanted until October 2027, offering a secure investment opportunity with strong rental demand in a prime location.
Are there any upcoming strata or building maintenance fees that could affect costs? Is there any history of flooding or bushfire risk in this area? Are there any restrictions or easements on the property that could impact renovations? What are the long-term plans for development or construction nearby that might affect views or noise? Are there any known issues with the building's structure or systems that require attention?

1205/338 Kings Way, South Melbourne, Vic 3205 - More Details

$625,000

Commanding a coveted north-eastern top-floor corner of the ‘Silverleaf’ building - where big city sophistication is matched by big city views that sweep around to the blue waters of Port Phillip Bay - this exhilarating two bedroom, two bathroom penthouse apartment delivers a peerless urban experience. Crafted to take your breath away, the apartment oozes attitude, bathes in natural light and offers full security in an iconic position between Albert Park Lake, the Botanic Gardens and South Melbourne Market.

Wrapped in walls of glass and bathed in natural light, open-plan living is anchored by a stone-topped kitchen while presenting an effortless flow outdoors to all north-facing terrace where everything from your morning coffee to sunset entertaining is backed by some of Melbourne’s finest views. Private accommodation includes generously scaled bedrooms with built-in robes – and most notably, an evocative fully-tiled primary bedroom ensuite that is themed to the central bathroom – plus there is secure basement parking, storage, video entry, a Building Manager and a fob-activated elevator, as well as a concealed laundry and reverse cycle heating / air conditioning.

This is a location where so much of the best of Melbourne sits right at your doorstep: Albert Park Lake, the Botanic Gardens or the waterfront present offer wonderful early morning exercise options, while South Melbourne Market adds another dimension to you weekends and Clarendon Street, Southbank, the sports and entertainment precincts are all just moments away.

Currently tenanted on a fixed lease until 20/10/2027.
Type
Apartment
Bedrooms
2
Bathrooms
2
Parkings
1

Price guide

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