$2,700,000 - $2,970,000

Positioned on Elsternwick's most prestigious residential street amongst multimillion-dollar period mansions, this magnificent redevelopment opportunity presents itself for the first time in a quarter century. The level 780m² site boasts an impressive 18.2m frontage to Gladstone Parade, perfectly positioned for its next illustrious chapter. Currently offered with endorsed plans for two ultra-luxurious high-end town residences, each featuring three bedrooms, study and separate study alcove, three bathrooms, expansive living and garden areas, elevator access, and ample off-street parking. The existing home is presented in neat, comfortable order and is leased to an established tenant, providing holding income while you plan your vision. This is more than a development site – it's a rare opportunity to create something extraordinary in one of Melbourne's most coveted addresses. The location speaks for itself: footsteps to Wesley Junior College, Hopetoun Gardens, Glenhuntly Road's fashionable cafes and boutiques, citybound transport, and everything this premier bayside locale offers. Whether you're a discerning developer seeking a blue-chip opportunity or an astute investor recognizing exceptional potential, 17 Gladstone Parade represents a once-in-a-generation offering. To review endorsed plans and discuss next steps, please contact Bill Stavrakis.