1503/181 Exhibition Street, Melbourne VIC 3000

Set in Paramount tower’s upper Penthouse Collection (Levels 14–18), Residence 1503 occupies a rare north-west corner — a spacious 183m² home defined by calm, uninterrupted city views.

Originally a three-bedroom layout, the residence was redesigned by internationally acclaimed designer Ken Cato as his personal residence — distilled into an oversized two-bedroom + study of remarkable scale and clarity. The design is disciplined and intentional: strong sightlines, open, flowing living space, and the refined taste of an award winning designer.

Natural light is a constant presence. Throughout the day, the north-west aspect fills every room with a soft, glowing calm — carrying into golden sunsets that settle across the city. At night, the warm glow of Chinatown and the skyline creates a spectacular panoramic view.

The living, dining and kitchen form one continuous, sculpted space. The kitchen is a centrepiece — an oversized island, moulded double sink, extensive storage and chef-grade appliances — created for connection and effortless entertaining. A quiet study/library sits between the living space and the accommodation wing, offering separation while guiding the flow of the home.

The master suite is indulgent in proportion: expansive, serene, with extensive robes, en suite and its own private balcony. The central bathroom carries the same architectural restraint and includes an integrated laundry discreetly concealed within the joinery.

Additional features include reverse-cycle climate control, secure intercom entry and a full-time building manager.

Residents have access to resort-style facilities including a swimming pool, gymnasium, tennis court and sauna — a quiet counterbalance to the energy of the surrounding precinct. Florentino, Pellegrini’s, Chinatown and luxury retail all sit moments from your door.

A rare offering within the building’s Penthouse Collection — very few homes on these upper tiers ever trade; fewer still arrive with this level of clarity, proportion and design discipline.

For context, the most recent sale within the building's Penthouse Collection was Residence 1701, which transacted for $2,200,000 on 14 February 2025 and shared the same floor plan.