507/338 Kings Way, South Melbourne

Subscribe to regular market updates. Enviably positioned between Albert Park Lake and the Royal Botanic Gardens, this contemporary two-bedroom apartment within the acclaimed Silver Leaf development captures the essence of refined city living. Elevated on the cusp of the Arts and Crown Entertainment precincts, it offers exceptional privacy and proximity to Melbourne’s most dynamic cultural and dining destinations. Through the entry hallway, engineered timber flooring flows throughout the light-filled, charming interior. The sleek kitchen is thoughtfully appointed with premium stainless-steel appliances, white stone benchtops, an integrated fridge/freezer, and a striking mirrored splashback, creating a space that is as functional as it is stylish. As a corner position, the living area features floor-to-ceiling windows, showcasing beautiful views of the city skyline and treetops. Off the living area, a private balcony invites fresh air and seamless indoor-outdoor connection. The generous bedrooms feature mirrored robes. The main bedroom includes an ensuite, while the second bedroom is conveniently serviced by a fully tiled bathroom with an Euro laundry, complete with a frameless shower and separate toilet. Additional highlights include secure video intercom entry, reverse-cycle heating and cooling, and a secure basement car space with a spacious storage cage. Just a short walk to the new Anzac Station and a major tram junction servicing eight routes, the apartment offers outstanding connectivity. MSAC, Lakeside Stadium, Clarendon Street, and South Melbourne Market are all within easy reach. With cafés, theatres, galleries, parklands, the bay, and the CBD at your doorstep, this is an exceptional opportunity to embrace a lifestyle of convenience and sophistication. Ideal for lock-and-leave, low-maintenance lifestyle seekers, first-home buyers, busy professionals, or investors seeking high-growth yields, currently managed as a short-term rental with strong income performance. Property Highlights: * Stylish two-bedroom apartment with engineered timber floors throughout * Sleek kitchen with stone benchtops and quality appliances * Spacious two bedrooms with mirrored built-in robes * Steps to Albert Park Lake, MSAC, and Lakeside Stadium * Close to Clarendon Street’s vibrant cafés, bars, and restaurants * Short tram/train ride to the CBD and St Kilda * Minutes from the Royal Botanic Gardens and Melbourne’s arts and sporting precincts * Secure standard car parking with storage cage on title * Secure entry, lift access, and onsite building manager * Low-maintenance lifestyle and high-yield investment opportunity Sat 30 May.12:00pm - 12:30pm Mac Robertson Girls High School 350-370 Kings Way Melbourne Melbourne Grammar School Melbourne Grammar School Domain Rd Melbourne Victorian College Of The Arts Secondary School 57 Miles Street Southbank Melbourne Girls Grammar 86 Anderson Street South Yarra Christ Church Grammar School 677 Punt Road South Yarra South Yarra Primary School 601 Punt Road South Yarra Middle Park Primary School Richardson Street Middle Park Montague Continuing Education Centre 100 Montague Street South Melbourne New Generation College Level 6 152-168 Elizabeth Street Melbourne The Meridian International School 196 Flinders Street Melbourne Albert Park Primary School Bridport Street Albert Park Melbourne High School Forrest Hill South Yarra 83 Danks Street Albert Park 62 Pickles Street Albert Park Level 3 - 169 Swanston Street Melbourne 6 Prince Patrick Street Richmond 399 Lonsdale Street Melbourne Richmond Primary School Brighton Street Richmond 168 Exhibition Street Melbourne Holmes Secondary College 185 Spring Street Melbourne St Kilda Park Primary School 68 Fitzroy Street St Kilda 40 Bay Street Port Melbourne Windsor Primary School Port Melbourne Primary School 415 Graham Street Port Melbourne Richmond West Primary School 25 Lennox Street Richmond Collingwood English Language School 19 Cambridge Street Collingwood Presentation College Windsor 187 Dandenong Road Windsor Lynall Hall Community School Cnr Gleadell & Highett St Richmond St Michael's Grammar School