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502/57 Bay Street, Port Melbourne VIC 3207

502/57 Bay Street, Port Melbourne VIC 3207

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For sale

$675,000 - $735,000

502/57 Bay Street, Port Melbourne, VIC 3207

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apartment - unit: standard

Map of 502/57 Bay Street, Port Melbourne VIC 3207, Port Melbourne, Victoria

Property Description

Listed on 27 May 2026

Just steps from the golden sands of Port Melbourne Beach, this breathtaking 2-bedroom corner apartment is your ticket to extraordinary coastal living! Imagine waking up to blissful bay views, with lively cafes, boutique shopping, Coles, the iconic Gasworks Farmers Market, light rail to the CBD, and the exhilarating Bay Trail all at your doorstep. This is your very own lifestyle upgrade! The efficient and effective use of sunlit corner space will instantly inspire with free-flowing open-plan living and dining, underpinned by an additional living area, easily refashioned as a home office, nursery or even a guest bedroom. A granite-finished kitchen is graced with a breakfast bar, new cabinetry doors, and high-end appliances including a full-sized dishwasher. Step outside to an undercover balcony showcasing neighbourhood views sweeping over rooftops and treetops towards the blue-water beauty of Port Phillip Bay. Once routine sets in, think morning coffee as the sun rises, and after-work drinks as dusk approaches. The generously sized and robed bedrooms are filled with light and peacefully separated by the living space, while the sleek bathroom boasts a shower over a bathtub. Freshly painted throughout with brand-new floorboards and carpet, the extensive features are first class. Secure basement parking, a European laundry, panel heating, double roller blinds, and recessed down-lighting are just the beginning. Perched on the fifth floor of the prestigious Bayshore complex, take full advantage of intercom security, visitor parking, lift access, a dedicated building manager, low owners’ corporation fee, and exclusive use of a heated indoor pool and well-equipped gym. First home buyers can purchase with certainty, investors will appreciate the lucrative returns, and the property is a sunlit sanctuary for discerning downsizers and out-of-towners. Inspect this light-filled gem today! Outgoings: Council Rates: $350.00 per quarter approx. Water Rates: $175.00 per quarter approx. Owners Corporation Fees: $1,164.00 per quarter approx. Potential Rental Income: $775 per week approx. * Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Estimated value

Based on comparable sales, past sales and available property data

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Rental income estimate and range

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Property history

A breakdown of how regularly this property entered and exited the market for sale or lease.

Rental
Aug 2026

$780 WEEKLY

Listed for sale
May 2026

$675,000 - $735,000

Sold
Nov 2001

$360,000

Median unit price trends

Comparing the price trend of units in Port Melbourne against the state of Victoria over the last 4 years. Source: Cotality

Comparable properties

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Market activity

A snapshot of how quickly properties are selling in the area and how many are currently available.

39 Days

House median days on market

45 Days

Unit median days on market

468 Properties

Sold in last 12 months

67 Properties

Available in the last month

Port Melbourne residents

Key characteristics of the residents in the area, view the full breakdown of the suburb here.

60+

Is the most common age range

Renters

Most common occupant type

Singles

Most common household profile

Professionals

Most common occupation

Apartments

Most common property type

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Nearby education

Schooling and educational options in the area, for all ages.

Port Melbourne Primary School

K - Yr 6

Government

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Port Melbourne

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Port Phillip

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Victoria

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Median House: $2,465,915

Median Unit: $812,132

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Median Unit: $764,117

Median House: $1,736,150

Median Unit: $623,771

Median House: $1,092,267

Median Unit: $799,801

Median House: $1,218,819

Median Unit: $506,688

Median House: $1,207,779

Median Unit: $679,633

Frequently asked questions

502/57 Bay Street is a Apartment built in 2006 in Port Melbourne, Victoria. Review photos and floor plans for more detail on the construction and condition of the property.

The property at 502/57 Bay Street includes 2 bedrooms, 1 bathroom and parking for 1 car.

Size information for the property at 502/57 Bay Street in Port Melbourne is not currently available in our records. Buyers and renters can review the floor plan and photos for a better sense of internal and external space.

502/57 Bay Street in Port Melbourne, Victoria, is close to local schools such as Port Melbourne Primary School, Albert Park College-Environmental Arts Hub and Port Melbourne Secondary College

As of 8/1/2026, the property at 502/57 Bay Street is currently rented out.

Contact the agent

MICM Real Estate

Stratton Jacobsen

MICM Real Estate

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