5 Pericoe Street, Frankston, Vic 3199

$880,000 - $950,000

House
Type
3
Bedrooms
1
Bathrooms
1
Parkings

Last updated on Monday, July 06, 2026 ( See property details for 5 Pericoe Street, Frankston, Vic 3199)

$880,000 - $950,000

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

Elevated Frankston home offering stunning bay views, spacious living, and versatile under-house potential.

🏡 Property Highlights

  • Elevated position with sweeping Port Phillip Bay views
  • Open plan living and dining with hardwood timber flooring
  • Alfresco terrace seamlessly connecting indoor and outdoor living
  • Main bedroom with built-in robes and rear bedroom with bay views
  • Renovated bathroom featuring a freestanding spa bath
  • Potential for self-contained accommodation or studio below

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Dishwasher
  • Outdoor Area
  • Waterfront / Views
  • Garage / Secure Parking
  • Open-Plan Living
  • Shed
  • Ceiling Fans
  • Extra Storage (Shed/Linen)

Frankston is a vibrant coastal suburb renowned for its stunning bay views, excellent schools, and proximity to natural reserves. It offers a relaxed lifestyle with easy access to cafes, parks, and the beach. The area boasts a strong community feel, with diverse housing options and convenient amenities. Its elevated position provides residents with breathtaking vistas and a sense of tranquility. Frankston’s strategic location ensures excellent connectivity to Melbourne and surrounding regions.

What are the main lifestyle benefits of this property?
This property offers stunning bay views, spacious open-plan living, and seamless indoor-outdoor entertaining, providing a relaxed coastal lifestyle.
Is there potential for additional development or renovation?
Yes, the under-house space presents potential for self-contained accommodation, a studio, or additional living areas, subject to council approval.
What features make this home suitable for families?
The home is located within the Frankston High School zone, close to primary schools, parks, and local amenities, making it ideal for families.
How does the property’s elevation benefit residents?
The elevated position provides uninterrupted views across Port Phillip Bay, enhancing the property's appeal and offering a sense of privacy and tranquility.
Are there any existing planning or building approvals for the under-house space? Is the property prone to flooding or bushfire risks given its elevation and location? Are there any easements, covenants, or zoning restrictions affecting the property? What are the ongoing council rates and potential additional costs for future development? Is there any nearby construction or development planned that could impact views or privacy?

5 Pericoe Street, Frankston, Vic 3199 - More Details

$880,000 - $950,000

It's Addressed:

There are homes that occupy a block, and then there are homes that command a position. Located within the Frankston High School Zone and elevated above the surrounding streetscape with sweeping, uninterrupted views across Port Phillip Bay to the silhouette of Phillip Island beyond, 5 Pericoe Street delivers a lifestyle of rare elevation in every sense of the word. Whether watching container ships drift silently across the horizon at dusk or waking to a bay bathed in copper winter light, the outlook from this home is not a feature it is a daily, irreplaceable privilege.

Rich hardwood timber flooring anchors the generous open plan living and dining domain, which opens directly to a flagstone alfresco terrace where the bay view arrests you completely and the boundaries between inside and out cease to exist. The kitchen is appointed with stone benchtops, breakfast bar, gas cooking and dishwasher, refined, practical and visually crisp. Three well-proportioned bedrooms include a main with built-in robes, while the rear bedroom captures sweeping bay views that transform even the simplest moments into something extraordinary. The renovated bathroom delivers genuine indulgence with a freestanding spa bath, frameless glass shower plus an additional separate toilet.

Below, approximately 11 squares of garage, workshop and under house storage present extraordinary potential for self- contained accommodation, studio or additional living, a proposition of rare scope at this price point. Fifty metres from Wallace Bushland Reserve, 400 metres from Heatherhill Road cafés and Frankston Heights Primary, and firmly within the coveted Frankston High School zone.

For more Real Estate in Frankston, contact your Area Specialist.

Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
Type
House
Bedrooms
3
Bathrooms
1
Parkings
1

Price guide

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