The Penthouse/81 Palmerston Crescent, South Melbourne, Vic 3205

House
Type
3
Bedrooms
3
Bathrooms
3
Parkings

Published on Friday, October 23, 2026 ( See property details for The Penthouse/81 Palmerston Crescent, South Melbourne, Vic 3205)

$4,700,000 - $4,900,000

Ben Manolitsas Partner, Auctioneer, Licensed Estate Agent
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

An exceptional three-bedroom penthouse offering panoramic city views, luxurious interiors, and exclusive amenities in South Melbourne.

🏡 Property Highlights

  • Panoramic skyline views from the private rooftop pool and terrace
  • Luxurious interiors with Venetian plaster walls and European oak floors
  • Two-level design with expansive open-plan living and multiple entertaining areas
  • State-of-the-art kitchen with premium Miele appliances and a second fully equipped chef’s kitchen
  • Exclusive residence within a boutique complex of only 11 apartments
  • Direct lift access to a private foyer and off-street parking for three cars

✨ Key Features

  • Swimming Pool
  • Outdoor Area
  • Built-in Robes
  • Ensuite
  • Open-Plan Living
  • Balcony
  • Security Screens / Gates
  • Alarm system
  • Floorboards
  • Water tank
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The Penthouse/81 Palmerston Crescent
South Melbourne, VIC 3205
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Vertical aerial view — The Penthouse/81 Palmerston Crescent
The Penthouse/81 Palmerston Crescent — Vertical Aerial  •  South Melbourne, VIC 3205  •  Nearmap © 2026

South Melbourne is a vibrant, highly sought-after suburb renowned for its eclectic mix of cultural attractions, trendy cafes, and proximity to Melbourne’s CBD. It offers excellent walkability, access to Albert Park Lake, and a lively arts scene, making it ideal for those seeking a dynamic urban lifestyle with outdoor leisure options. The area boasts a strong community vibe, excellent public transport links, and a range of boutique shopping and dining experiences.

What are the main lifestyle benefits of living in this penthouse?
This penthouse offers a luxurious urban lifestyle with stunning skyline views, private rooftop entertaining spaces, and proximity to Melbourne’s vibrant cultural and recreational amenities.
Does the property include outdoor entertaining areas?
Yes, the property features a broad al-fresco terrace, a northern rooftop terrace with a private heated pool, outdoor shower, and a motorised Helioscreen awning for outdoor comfort.
What are the key features of the kitchen and entertaining spaces?
The property boasts a marble Grey Aether G-LUX kitchen with premium Miele appliances, a second fully equipped chef’s kitchen, integrated refrigeration, a walk-in pantry, and a lounge with a marble gas fireplace and cocktail bar.
Is the property suitable for families or entertaining guests?
Absolutely, with three spacious bedrooms, multiple living and entertaining areas, a private rooftop pool, and a dedicated lounge with fireplace and bar, it is ideal for both family living and hosting guests.
What security and accessibility features are included?
The residence is equipped with security fob entry, video intercom, security screens, a Vertical Platform Lift at street level, and electric blinds for added safety and accessibility.
Are there any upcoming maintenance or renovation works planned within the complex that could affect living conditions? What are the annual body corporate or strata fees, and what do they cover? Are there any restrictions or easements affecting the use of the rooftop or outdoor spaces? Has the property been tested for flood or bushfire risks, and are there any relevant reports available? Are there any planned developments or zoning changes in the vicinity that could impact the property’s value or privacy?

The Penthouse/81 Palmerston Crescent, South Melbourne, Vic 3205 - More Details

$4,700,000 - $4,900,000

Expressions of Interest close Tuesday 17 November at 5.00pm.

Occupying a privileged position high above the city, this extraordinary three-bedroom penthouse presents an exhilarating standard of contemporary luxury, with panoramic skyline views, a private rooftop swimming pool and two levels of exquisite interiors. Designed in collaboration with award-winning MIM Design, The Crescent comprises just 11 exclusive residences, with this remarkable penthouse further distinguished by off-street parking for three cars and direct lift access to an independent foyer.

Venetian plaster walls, Woodcut European oak floors, and soaring ceilings define the lavishly appointed interiors, while full-height glazing draws Melbourne’s spectacular lights into the substantial open-plan living and dining domain. Retractable glass doors open the entire room to a broad al-fresco terrace, creating a breathtaking setting backdropped by the glittering city panorama. The statement Grey Aether G-LUX marble kitchen features premium Miele appliances and integrated refrigeration, complemented by a second, fully equipped chef’s kitchen with an additional suite of Miele cooking appliances, integrated refrigeration and a dishwasher, plus a separate walk-in pantry, providing exceptional catering capabilities for entertaining on any occasion. The upper level is devoted to poolside entertainment, with an expansive lounge featuring a marble gas fireplace and concealed cocktail bar with Liebherr refrigeration and a Miele dishwasher. Full-height glass doors open entirely to the northern rooftop terrace, with a private heated pool overlooking the uninterrupted skyline, an infrared sauna, outdoor shower, adjoining powder room and motorised Helioscreen awning.

Three generous bedrooms include a magnificent main suite with a fitted walk-in robe and a luxurious marble en-suite with a freestanding bath, while two further bedrooms share a luxe central bathroom. Comprehensively appointed with bespoke solid brass fittings and surfaces, electric blinds, reverse-cycle heating and cooling, two gas fireplaces, underfloor bathroom heating, a large laundry, ample storage throughout, a second guest powder room, video intercom, security fob entry, and a Vertical Platform Lift at street level, all within walking distance of Albert Park Lake, South Melbourne Market, Clarendon Street, MSAC, Anzac Station, the Arts Precinct and the Royal Botanic Gardens and only 2km from the CBD.
Type
House
Bedrooms
3
Bathrooms
3
Parkings
3

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

Inspections times

  • Inspection tomorrow 3:15 pm

    Saturday 24 October
    3:15 pm - 3:45 pm
  • Inspection Thu 29 Oct 1:15 pm

    Thursday 29 October
    1:15 pm - 1:45 pm
  • Inspection Sat 31 Oct 10:00 am

    Saturday 31 October
    10:00 am - 10:30 am
  • Inspection Thu 5 Nov 5:30 pm

    Thursday 5 November
    5:30 pm - 6:00 pm
  • Inspection Sat 7 Nov 10:45 am

    Saturday 7 November
    10:45 am - 11:15 am
Thank you for submitting your reminder request.

Map & nearby places — The Penthouse/81 Palmerston Crescent, South Melbourne, Vic 3205

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

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