38-40 Airlie Street, South Yarra, Vic 3141

House
Type
4
Bedrooms
3
Bathrooms
2
Parkings

Last updated on Wednesday, October 07, 2026 ( See property details for 38-40 Airlie Street, South Yarra, Vic 3141)

$4,900,000 - $5,390,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A stunning Victorian residence in South Yarra offering spectacular views, elegant living spaces, and a private north-facing garden oasis in a highly sought-after location.

🏡 Property Highlights

  • Spectacular city skyline, MCG, and AAMI Stadium views from a prime location.
  • Elegant Victorian residence with high ceilings, bay windows, and grand proportions.
  • North-facing private garden oasis with a large entertaining terrace and fountain.
  • Versatile downstairs 4th bedroom/retreat with separate entrance and bathroom.
  • Luxurious upstairs main bedroom with walk-in robe, marble ensuite, and balcony.
  • Close proximity to Royal Botanic Gardens, Tan, Domain, and top local amenities.

✨ Key Features

  • Built-in Robes
  • Outdoor Area
  • Open-Plan Living
  • Balcony
  • Fireplace
  • Air Conditioning
  • Water tank
  • Garage / Secure Parking
  • Security Screens / Gates
  • High energy efficiency
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38-40 Airlie Street
South Yarra, VIC 3141
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Vertical aerial view — 38-40 Airlie Street
38-40 Airlie Street — Vertical Aerial  •  South Yarra, VIC 3141  •  Nearmap © 2026

South Yarra is a vibrant and highly desirable suburb renowned for its lush parks, trendy boutiques, and fine dining options. Its proximity to the Royal Botanic Gardens, the Tan, and the Yarra River offers residents a blend of natural beauty and urban convenience. Excellent transport links, prestigious schools, and a lively cultural scene make it ideal for families and professionals seeking a sophisticated lifestyle.

What are the main lifestyle benefits of living in this property?
This property offers a luxurious lifestyle with stunning city views, private outdoor entertaining areas, and proximity to parks, cafes, and cultural attractions in South Yarra.
Does the property have modern amenities and features?
Yes, it includes air conditioning, hydronic heating, a wine cellar, and secure garage parking, ensuring comfort and convenience.
Is the property suitable for entertaining guests?
Absolutely, the open plan living and dining areas, large north-facing terrace, and picturesque garden make it ideal for hosting gatherings.
What is the condition of the property?
The residence is well-maintained with high-quality finishes, including marble bathrooms and a gourmet kitchen, reflecting its elegant Victorian style.
Are there any additional features for comfort and security?
Yes, the property is equipped with security screens, an alarm system, and high energy efficiency features for added safety and comfort.
Are there any existing easements, covenants, or zoning restrictions affecting the property? Has the property been inspected for any structural issues or defects? Are there any upcoming planning or development proposals in the area that could impact the property? What are the ongoing costs such as council rates, strata fees (if applicable), and maintenance? Is the property flood or bushfire prone, and are there any associated risks or insurance considerations?

38-40 Airlie Street, South Yarra, Vic 3141 - More Details

$4,900,000 - $5,390,000

Commanding spectacular views of the city skyline, MCG and AAMI Stadium from its prized location within the exclusive Botanic Gardens precinct, this magnificent balconied Victorian residence is beautifully nestled within a glorious north-facing private garden oasis.

Defined by high ceilings, bay windows and grand proportions, every inviting room in the house is bathed in northern light. Behind a walled garden, the broad tessellated verandah introduces the majestic arched entrance hall, gracious sitting room with a marble gas fireplace and the elegant formal dining room. Timber floors flow through the expansive open-plan living and dining domain featuring a roaring open fire and sleek gourmet kitchen appointed with marble benches. Bi-fold doors allow a seamless transition out to a large north-facing entertaining terrace. Beneath an oversized remote sun-awning, it’s an idyllic venue for al fresco dining while overlooking the picturesque leafy garden and fountain. With its own separate entrance, a versatile downstairs fourth bedroom/retreat with an adjacent bathroom is ideal for guests. Upstairs, the opulent main bedroom with a walk in robe, marble ensuite and north-facing balcony is accompanied by a second double bedroom with gas fire, a marble bathroom and a generously proportioned 3rd bedroom or living room with marble gas fire and a full width balcony. Every room upstairs enjoys the wonderful city and MCG views.

In a location highly sought after for its close proximity to the Royal Botanic Gardens, the Tan, Domain and Toorak Road restaurants and boutiques, trams, Anzac and South Yarra station, prestigious schools and the Yarra River, it includes hydronic heating, air-conditioning, laundry, irrigation, ample storage, wine cellar and double garage accessed from Vinebank Lane.
Type
House
Bedrooms
4
Bathrooms
3
Parkings
2

Price guide

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  • 38-40 Airlie Street, South Yarra, Vic 3141

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