The Kingston Foreshore’s last remaining new penthouse on the market

The last newly built penthouse on the Kingston Foreshore is for sale as the waterfront precinct nears completion, after six years of construction.

The Suburban Land Agency began releasing blocks of land in 2014 in a bid to create a bustling hub surrounded by dining and retail options and a world-class arts precinct.

Sapphire is the final piece of the foreshore puzzle. The development was first announced in 2018 when plans were approved for the six-storey, 79-unit project.

Canberra developer Keggins snatched up the last block that sat on 3697 square metres of land via auction in June 2016, which pushed the price to $21.65 million – the most expensive sale of land in the lakeside region at the time.

According to selling agent Wayne Harriden, executive director of project marketing at Independent, there is only one penthouse left in Sapphire, which is expected to welcome residents from September.

The four-bedroom penthouse is the crowning jewel of the soon-to-be-completed Sapphire development, designed by architect Elenberg Fraser, and is on the market for $3.25 million.

With a private lift that takes you directly to the apartment and a spectacular spiral staircase that leads to the private rooftop terrace, every corner of the penthouse oozes with elegance and opulent living.

Mr Harriden said the penthouse was one of six on offer in the complex, adding that the last three penthouses in the complex all sold for $3.25 million.

“It’s 237 square metres of internal living space and, like the other penthouses, it has fantastic views. This penthouse, in particular, faces north-east towards Jerrabomberra Wetlands,” he said.

Other features of the penthouse include a kitchen fitted with quality Miele appliances and a spacious butler’s pantry. It also has a double garage, two car spaces, fireplace and concierge service.

Only 12 apartments are still available, including the penthouse, starting from $1.019 million.

“Scaffolding is starting to come down now and I know a lot of people are looking forward to seeing the facade … it’s quite stunning and a brilliant blend of design and consideration,” Mr Harriden said.

“The level of inclusions in all of the apartments are top-of-the-line and it will be a premium apartment complex in Canberra.”

While the remaining apartments are two or three-bedroom units, there is one bespoke apartment that offers all the luxuries of a penthouse but at a lower price point.

“The bespoke apartment is located on level one. It’s a one-off apartment and was custom-designed for a purchaser who fell through,” Mr Harriden said.

“It’s two apartments combined so there’s 228 square metres of living, almost the same amount of space you can get in the penthouse suite.”

The bespoke apartment has four bedrooms, four bathrooms and a four car spaces, and is priced at $2.555 million.

“It’s an alternative for people who don’t particularly like heights or don’t want to be on the top floor, yet have that penthouse lifestyle,” Mr Harriden said.

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