147 Cranbourne Road, Frankston, Vic 3199

$750,000 - $825,000

Residential Land
Type
875 m²
Area

Published on Friday, September 04, 2026 ( See property details for 147 Cranbourne Road, Frankston, Vic 3199)

$750,000 - $825,000

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

A rare 875 sqm elevated vacant block in Frankston with multi-unit development potential, bay and city glimpses, and prime location opposite Beach Street shops.

🏡 Property Highlights

  • Subtly elevated position offering bay and city glimpses from ground level and potential views from the first level
  • Significant 875 sqm vacant land parcel in a prime location across from Beach Street shops
  • Proposed multi-unit development plans enhancing investment and development opportunities
  • Excellent connectivity with buses to CBD, Karingal Hub, and Ballam Park
  • Ideal for developers, investors, landbankers, or those seeking to build a custom home (STCA)
  • Close proximity to cafes, shops, schools, and parklands in a vibrant beachside community

✨ Key Features

  • Waterfront / Views
  • Open-Plan Living
  • Water tank
  • Bay and city glimpses
  • Multi-site development potential
  • Potential for bay and city views from the first level
  • Vacant land
  • Elevated position
  • Close to shops and amenities
  • Development plans (STCA)

Frankston is a vibrant coastal suburb renowned for its stunning bay views, thriving shopping precincts, and excellent transport links. Its proximity to parks, schools, and recreational facilities makes it ideal for families and investors alike. The area continues to grow with new developments, offering a dynamic lifestyle and strong long-term growth potential. With easy access to the CBD and popular beaches, Frankston remains a highly sought-after location for both living and investment. Key attractions include the Beach Street shopping strip, Karingal Hub, and Ballam Park, all within close reach.

What are the development possibilities for this land?
The property has approved plans for a multi-unit development (STCA), offering significant potential for investors and developers to maximise the site’s capacity and views.
Can I build my dream home on this block?
Yes, the land is well-suited for building a custom home, with the potential for bay and city outlooks from the first level, subject to council approval (STCA).
What amenities are nearby?
The property is directly opposite Beach Street shops, with easy access to cafes, schools, parks, and public transport, including buses to the CBD and other key locations.
Are there any restrictions or approvals needed?
Any development or building plans will require council approval and compliance with local zoning regulations. It’s recommended to conduct thorough due diligence.
What is the potential for future views from the property?
While ground level offers bay and city glimpses, future first-level construction could provide enhanced views of the bay and city skyline, adding value and appeal.
Are there any existing easements, covenants, or zoning restrictions that could limit development plans? Has a recent land survey been conducted to confirm boundaries and topography? Are there any known issues with soil stability or drainage on the site? What are the council’s current planning policies affecting multi-unit developments in this area? Are there any upcoming infrastructure projects or planning proposals that could impact the property’s value or development potential? Is the land free from any environmental hazards or contamination? Are there any restrictions on building height or design due to local planning controls? What are the costs associated with connecting to utilities and services? Has a flood or bushfire risk assessment been completed for this site? Are there any strata or community title considerations if developing multi-unit dwellings?

147 Cranbourne Road, Frankston, Vic 3199 - More Details

$750,000 - $825,000

Subtly risen above the streetscape and spanning across a most significant 875 sq. metres (approx.), this blank canvas opportunity opens the door to investors, landbankers, developers, builders, or anyone ready to materialise the home they've always imagined (STCA). From the first level, future views across the bay and city add another compelling dimension to the opportunity, while bay and city glimpses are already enjoyed from ground level. Proposed plans for a multi-unit development add another exciting layer of potential, while the property's position directly across from Beach Street shops and only moments from the fast-moving Frankston CBD puts convenience and opportunity entirely side by side.

The elevated position lifts any future build just that bit higher above the street, giving whatever's built here an extra edge of presence and grandeur - with the potential to make the most of bay and city outlooks from the first level. Its size leaves plenty of room to move on design, whether that be progressing the proposed multi-unit development plans, creating a singular dream home with plenty of room to spread out, or holding the land for its long-term potential on the edge of one of Victoria's fastest-moving markets.

The Beach Street shopping strip continues to grow in appeal directly across the road, with buses by the door taking you into the reimagined CBD, or up to Karingal Hub and Ballam Park, with a mix of cafes, shops, schools, and parklands drawing steady interest from beachside buyers and renters alike. The added benefit of bay and city glimpses at ground level, together with the broader bay and city outlook available from the first level, gives any future development an opportunity to capture a highly desirable sense of openness and outlook. A block of this size in this position is also particularly rare, and its development potential only adds to the opportunity on offer. Whatever direction you take from here, the fundamentals of size, position, elevation, outlook, and proposed multi-unit development plans seen here are hard to top.

More to know
- 875 sq. metre (approx.) vacant block
- Subtly elevated position above the streetscape
- Bay and city glimpses from ground level
- Potential for bay and city views from the first level
- Directly opposite Beach Street shops
- Proposed plans for a multi-unit development
- Well-suited for developers, investors, landbankers, or those looking to build their dream home (STCA)
- Multi-site development potential (STCA)

So, can you picture it? With proposed plans for a multi-unit development already providing a vision for the site, and the opportunity to capture bay and city views from the first level, the potential to bring this property to life is right in front of you.

Disclaimer: Whilst every care has been taken to ensure the accuracy of the information provided, interested parties should rely on their own enquiries and due diligence. The agent and vendor accept no responsibility for any errors, omissions, or inaccuracies.
Type
Residential Land
Area
875 m²

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

Map & nearby places — 147 Cranbourne Road, Frankston, Vic 3199

Login to experience 147 Cranbourne Road, Frankston, Vic 3199 in 3D

Sign in to unlock the photorealistic 3D Immersive View of this property — fly over the home and its street, and see exactly what's around it before you book an inspection.

  • Photorealistic 3D aerial & street-level flyover
  • Nearby schools, parks, shopping, transport, health & dining
  • Walking & driving routes with live travel time from the front door
  • Orbit-home, street & suburb camera presets
  • Satellite & hybrid map views, full-screen mode
  • Free for every Real Search member — no cost to explore
Login to view 3D Immersive View New to Real Search? Create a free account

Email Enquiry To OBrien Real Estate - Frankston

  • Personal Information Collection Statement
    This form is only to be used for sending genuine email enquiries to the Agent. Real Search Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Explore More About Frankston

Real Search makes searching for your new home easy with properties for sale in Frankston and properties for rent in Frankston. Are you looking for specific type of property? Real Search has units for sale in Frankston and houses for sale in Frankston. Real Search also provides 1 bedroom residential land for sale in Frankston, 2 bedroom residential land for sale in Frankston & 3 bedroom residential land for sale in Frankston. Find best real estate agents in Frankston. You can also check real estate agencies in Frankston. Research the property market of Frankston with a property report and suburb profile report on Real Search.

  • Disclaimer
    Our service utilises AI search capabilities based on publicly available indexed data for non-commercial purposes and testing phase. The above information is an excerpt from publicly available data and may be subject to errors or changes. RealSearch.com.au makes no representations or warranties regarding the accuracy of this data. Please consult the Agency/Agents directly for the most up-to-date information.