Prestigious Pacific Bondi penthouse hits the market with eye-watering price guide

A crown jewel overlooking Australia’s most iconic beach is up for grabs as Sydney’s prestige market starts warming up for 2019.

Set atop the exclusive Pacific Bondi development, the Redgen Mathieson-designed penthouse on Campbell Parade is positioned to soak up ocean views from its wraparound balcony and from every room inside.

Spread across approximately 317 square metres, Apartment 504 is defined by its luxurious fittings and finishes, including a black granite kitchen and direct lift access from the secure parking facilities.

Michael Pallier, who leads the campaign with fellow Sydney Sotheby’s agent James McCowan, says the value of the property sits somewhere around $14 million.

The trophy home is one of 19 ‘Lighthouse’ penthouses in the prestigious Pacific Bondi building, which also hosts 76 smaller boutique residences, 69 hotel rooms by QT Hotels, and an exclusive retail and dining precinct.

Pacific Bondi made headlines in mid-2017 when Ginia Rinehart, daughter of mining magnate Gina Rinehart, paid just shy of $15 million for another of the building’s penthouses with her husband Simon Robinson.

Apartment 504 is scheduled to go under the hammer on February 28, where we will see just how the result compares to that which Ms Rinehart paid in 2017.

The Pacific Bondi residences have sparked hot competition since their inception. In the first apartment release in September 2012, all but two homes sold in two hours.

When the Lighthouse pads launched in October 2014, one loft promptly exchanged for $25 million through former Multiplex boss Andrew Roberts, though the deal was later lawfully rescinded. In June 2016, two Lighthouses sold for a total of about $26 million.

Seven more incredible Australian homes

Palm Beach

Occupying the entire top floor of the luxurious ONE Palm Beach development, this brand new penthouse delivers spectacular 360-degree views that take in the Surfers Paradise skyline, the hinterland and the ocean.

Featuring green technology, the apartment has a modern marble kitchen, several balconies and an entertainer’s deck.

Velocity Property Group agent Deborah Provost has set the price guide at $4.9 million.

Noosa Heads

This Chris Clout-designed property sits on a ridge in one of Noosa’s most prized streets, with views across the beaches, bays and national park.

The living spaces, decadent main bedroom retreat and granite-edged pool enjoy a northern aspect and the kitchen comes with an impressive suite of Miele and Liebherr appliances.

Eric Seetoo, of Tom Offermann Real Estate,  leads the expressions of interest campaign. There is currently a $6.85 million price guide.

Claremont

Renovated and extended for contemporary living by a master builder, this 1910 character home is wrapped in picturesque gardens.

Outdoor entertaining is made all the more inviting thanks to the property’s solar-heated pool, spa and cabana.

Bev Heymans, of ACTON Cottesloe, will be looking for offers between $3.9 million and $4 million until February 12.

South Yarra

With architecture by Rob Mills and a terraced garden by Paul Bangay, this apartment is part of the boutique Millswyn Residences building in the highly-coveted Domain precinct.

Mills’ eye for detail and affinity for luxury finishes is easy to spot throughout the home – Oak and marble are used to fine effect.

Expect to pay about $4.195 million through Marcus Chiminello of Marshall White Stonnington.

Bayview

We could get used to waking every morning to these far-reaching Pittwater views.

We would also happily get used to the wet-edge pool overlooking manicured gardens, to the open plan living and dining area with an exposed-beam ceiling, and to the generous wine cellar that’s on offer at this grand residence.

Ryan Petrie of LJ Hooker Mona Vale has the listing.

Balmoral

The balcony at this architecturally-designed house offers a panorama to remember, with gun-barrel views of Brisbane’s CBD and an elevated outlook of the surrounding suburbs.

Poised on Balmoral Hill, the home is a thoroughly contemporary affair, with a Gaggenau and ILVE kitchen, an impressive timber and glass staircase, a sauna, and five luxurious bedrooms.

Ray White Albion agent Jamie Charman is marketing the property.

West Perth

You can count on Giorgi Architects and Builders to pick up a slew of awards every year, so when their work on Bellevue Residences took out HIA’s Perth Apartment Complex of the Year award, it was no surprise.

One of just three apartments still available in the complex, this spread has detailed timber ceilings, a sophisticated grey and white colour scheme, and river and city views.

Andrew Porteous, of Porteous Properties International, can be contacted for details.