1203/39 Park Street, South Melbourne VIC 3205

3 bed 3 bath 2 car | elevated tower position | panoramic lake bay and city views | flood overlay present | premium large format apartment This is an unusually large and well-configured apartment for South Melbourne, offering three bedrooms, three bathrooms, and two car spaces within a tower setting that commands panoramic views. The floor plan and finishes are not confirmed, but the size, parking provision, and elevated position place it well above typical inner-city stock. It is best suited to owner-occupiers or downsizers seeking a spacious, high-amenity home with strong outlooks and proximity to the CBD, Albert Park, and bay-side precincts. The flood overlay is a genuine site-level consideration that may affect insurance costs and future planning flexibility. Building age and shared amenity details are not verified, so the condition of common areas and any upcoming levy obligations should be confirmed before forming a final view. The absence of heritage or bushfire overlays simplifies some planning aspects, but the flood risk is the primary factor a buyer should weigh when assessing long-term value and holding costs.