9-13 Margaret Street, South Yarra, Vic 3141

$4,000,000

Residential Land
Type
594 m²
Area

Published on Friday, June 26, 2026 ( See property details for 9-13 Margaret Street, South Yarra, Vic 3141)

$4,000,000

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A rare development opportunity in South Yarra offering two architect-designed luxury residences with premium features and prime location.

🏡 Property Highlights

  • Prime 594sqm west-facing development site in South Yarra
  • Approved architectural plans for two luxurious boutique residences
  • Each residence features three bedrooms, three bathrooms, and home theatres
  • Seamless indoor-outdoor living with expansive west-facing terraces
  • Innovative design with spiral staircases, lifts, and basement garage with turntable
  • Exceptional location near Prahran Market, Chapel St, Fawkner Park, and public transport

✨ Key Features

  • Open-Plan Living
  • Home Theatre / Study
  • Balcony
  • Outdoor Area
  • Garage
  • Built-in Robes
  • Security Screens / Gates
  • Waterfront / Views
  • Extra Storage (Shed/Linen)
  • NBN / High-Speed Ready

South Yarra is a vibrant inner-city suburb renowned for its trendy retail precincts, excellent dining options, and lush parks. It offers exceptional connectivity with nearby Prahran Market, Chapel Street, and public transport options including Prahran station and trams. The area boasts a mix of historic charm and modern luxury, making it highly desirable for lifestyle-focused buyers. With access to quality schools and recreational facilities like Fawkner Park, South Yarra provides an ideal environment for families and professionals alike.

What are the future development plans for this site?
The property has approved architectural plans for two luxurious, three-level boutique residences designed by Pitch Architects, with features including home theatres, spacious living areas, and basement garages.
What amenities and facilities are nearby?
The property is conveniently located near Prahran Market, Chapel Street retail and dining precincts, Fawkner Park, Prahran station, trams, and excellent schools, offering a vibrant lifestyle and easy access to public transport.
Is the property suitable for investment purposes?
Yes, the site offers a unique development opportunity in a highly sought-after location, with approved plans for luxury residences that appeal to high-end buyers and investors.
What is the zoning and planning status of the land?
The land currently has approved architectural plans and permits in place for the development of two boutique residences, making it ready for construction subject to council approval.
Are there any additional costs or fees associated with the development approval process? Are there any zoning restrictions or easements that could impact the development plans? Has the land been surveyed recently to confirm boundaries and topography? Are there any existing or potential planning or building restrictions in the area? Is the property located in a flood or bushfire-prone zone? Are there any upcoming construction or planning activities nearby that could affect the property? What are the strata or body corporate considerations if applicable? Are there any known issues with the land such as soil stability or contamination? Is the property compliant with all local council and planning regulations? What are the estimated costs for connection to utilities and services?

9-13 Margaret Street, South Yarra, Vic 3141 - More Details

$4,000,000

Perfectly positioned to enjoy all that South Yarra has to offer, this superb 594sqm approx. west-facing site currently occupied by three adjoining Victorian residences represents a unique development opportunity. Architectural plans and permits are in place to rebuild as two luxurious 3-level boutique residences brilliantly designed by Pitch Architects.
Each spectacular residence will comprise three bedrooms, three bathrooms, home theatres, deluxe kitchens and expansive living and dining areas that seamlessly flow out to west-facing al fresco terraces. Both striking spiral staircases and lifts will connect each level while the basement 2+ car garage will include a turntable. Technologically advanced, each residence will establish new benchmarks for inner urban design and luxury.
In a location that puts Prahran Market, Commercial Rd and Chapel St’s retail and restaurant precincts, Fawkner Park, Prahran station, trams and excellent schools all within a short walk, this is the ultimate lifestyle address. To find a site of this size in such a sought-after location is increasingly rare and not to be missed.
Type
Residential Land
Area
594 m²

Price guide

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