1904/368 St Kilda Road, Melbourne VIC 3004

High-floor triple-bedroom parkfront apartment | three-car parking and storage | 180-degree city and bay views | premium owner-occupier building. The property occupies a rare configuration in Royal Domain Tower: three bedrooms, three car spaces, and a storage room within 180 square metres, which is unusually generous for the building and the precinct. The uninterrupted 180-degree views over Albert Park Lake, Port Phillip Bay, and the city skyline are secured by the high-floor position and floor-to-ceiling glazing, making this one of the stronger viewing positions in the tower. The marble kitchen with Gaggenau appliances, gas fireplace, and motorised blinds signal a finished interior that requires no immediate upgrade. With 95 percent owner-occupancy and a 24-hour concierge, the building suits a buyer seeking a primary residence with a parkfront lifestyle, close to the Royal Botanic Gardens, Domain dining, and Anzac Station. The master bedroom’s water-facing orientation and private balcony add a quiet retreat within the apartment. The October 2022 sale at $2,100,000 provides a recent price anchor, but the current listing range sits above that level and above the high-range valuation of $2.23 million, which carries medium accuracy. The rental yield of 3.74 percent is low for Melbourne, confirming this is not an investment-grade proposition. The low rental accuracy and 5 percent renter ratio suggest limited rental demand in the building, which may affect future resale liquidity if the owner-occupier pool narrows. The 2013 listing that failed to sell for 118 days is a reminder that even well-positioned apartments can sit in a slow market. The opportunity lies in negotiating below the listing range, closer to the $2.1 million sale price, and holding as a long-term primary residence where the views and configuration will retain appeal among discerning owner-occupiers.