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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

4/40 Caroline Street
South Yarra, VIC 3141

Penthouse $2,500,000 - $2,750,000

3
Bed
2
Bath
2
Cars
Property Type: Townhouse
Listed Date: 2nd Apr 2026
Last Updated: 8th Apr 2026
Overview

4/40 Caroline Street, South Yarra

Occupying the entire floor within a boutique collection of just four apartments, this exceptional three-bedroom, two-bathroom penthouse offers refined living with generous proportions in the heart of South Yarra, just moments from the area's most celebrated shopping and dining destinations.

Framed by floor-to-ceiling glazing, the expansive living and dining domain captures abundant northern light and extends to a substantial west-facing terrace. Designed for both intimate moments and large-scale entertaining, the terrace provides panoramic views stretching across South Yarra to St Kilda Road and the city skyline.

The kitchen is beautifully designed with marble benchtops, sleek cabinetry, and high-quality Miele appliances. It seamlessly connects to the open-plan living and dining spaces, creating an elegant and highly functional setting.

A calm, refined palette continues throughout the accommodation, where three double bedrooms are complemented by considered joinery. The main bedroom features built-in robes and a striking marble ensuite with dual vanities. The additional bedrooms also include built-in robes and are served by a stylish central marble bathroom.

Additional appointments include two basement car spaces, ducted heating and cooling, a full-sized laundry, remote blinds, sheer curtains, ample storage, secure entry, and direct lift access into the apartment foyer, ensuring both comfort and privacy.

Positioned within walking distance of Fawkner Park and the Royal Botanic Gardens, and surrounded by South Yarra's finest restaurants, boutiques, cafes, and public transport options, this luxury apartment offers an exceptional lifestyle in one of Melbourne's most sought-after precincts.

Change History
Headline When
Penthouse $2,500,000 - $2,750,000
$2,500,000 - $2,750,000
Location
4/40 Caroline Street
South Yarra VIC 3141
Market Insights for South Yarra VIC 3141
New Listings (last 30 days)
8
Average price
$2,775,875
Lowest price
$500,000
Highest price
$9,000,000
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* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.