Flutter phenomena becomes significant in response with turbomachinery design trends that prioritize efficiency. Especially in later stages of steam turbines, the slender profile of the blade becomes more prone to unstable dynamic aeroelasticity. Predicting the potential of flutter on a turbine blade can be done by constructing aeroelastic stability curve with evaluation of aerodynamic damping value under different rotor blade position, relative to the stator blade (inter blade phase angle). In this study, combination of steady Computational Fluid Dynamics (CFD), structural Finite Element Analysis (FEA) and transient blade row CFD was carried out using ANSYS 2019 R2 with the end goal of constructing aeroelastic stability curve and analysing the flutter risk of a 350 MW last stage steam turbine blade. At inter blade phase angle position of -180°, -70°, 0°, 77° and 180°, the system are exhibits positive aerodynamic damping values which indicates low to none flutter potential.