577 Princes Highway, Narre Warren, Vic 3805

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Commanding a prominent position on Princes Highway in Narre Warren, this substantial 1,082sqm (approx.) property presents a rare and compelling opportunity for investors, developers and forward-thinking buyers seeking scale, flexibility and long-term potential.
Zoned General Residential Zone 1 (GRZ1), the site offers outstanding potential for a range of future outcomes (STCA), including multi-unit development and medical or professional suites. With strong passing traffic and excellent exposure, the property is exceptionally well suited to those looking to maximise both residential and commercial potential.
The existing dwelling provides immediate holding income or a comfortable base while future plans are explored. Comprising three bedrooms, a central bathroom, multiple living zones and a functional kitchen/meals area, the home is complemented by ducted heating, split system cooling and a separate studio with its own toilet, ideal for additional accommodation or workspace. Outdoors, a paved entertaining area, low-maintenance yard and secure garage further enhance its current-day appeal.
Positioned within moments of Westfield Fountain Gate, major retail and business precincts, public transport, quality schools and direct access to the Monash Freeway, the location underpins strong demand and future growth.
This is a rare chance to secure a large-scale, high-profile site in one of the south-east’s most tightly held and rapidly evolving pockets, ready to deliver both immediate return and significant future reward.

Type

House

Bedrooms

3

Bathrooms

2

Parkings

1

Area

1,082 m²