Adelaide penthouse set to break records
It’ll take a special property to break the Adelaide penthouse record of $5.2 million. Has this one got what it takes?
A CBD penthouse is tipped to become the most expensive apartment sale in the state, breaking the record $5.2m set for another one in the same complex in 2018.
The two-storey penthouse on levels 38 and 39 of the Realm Adelaide complex, on Austin Street, has just hit the market without a price, but selling agent Marina Ormsby, of Fox Real Estate, said it was expected to set a new record.
“This is absolutely amazing – I haven’t seen anything like this and everybody that’s come up to the property for a variety of reasons has been amazed by the size and the quality and the views and the layout of the place,” Ms Ormsby said.
But the sale could be surpassed by the penthouse of The Cullinan on Waymouth Street which is on the market for $5.395m, and the penthouse of The Brougham in North Adelaide, currently for sale for $6.3m.
“Unlike most apartments that have hit the market before, that are set on a single level … this offers families a couple of different living areas,” Ms Ormsby said.
The home has 440sq m of internal living space and 150sq m of outdoor living space. It features four bedrooms, a study, a cinema room, a wine cellar, two kitchens and a rooftop entertaining deck.
The home also offers owners access to the complex’s amenities, including a wellbeing zone for indoor yoga, a 270sq m rooftop spa, sauna and steam room, a cross-fit enabled gym and climbing wall, two private function spaces and a games room and a 25m lap pool and spa.
Ms Ormsby said the top end of the market and the apartment scene were performing strongly, driven by a shortage of quality stock.
“Homes that do hit the market in this upper end are selling really well,” she said.
“There are still plenty in South Australia that have got this kind of money … and we will also be targeting interstate and overseas buyers.
“If you’ve lived in any other city the world, at $5m, this would appear to be exceptionally good value for money.”
Realm Adelaide’s head of sales Ben Small said while the developer sold the other penthouse off the plan, the intention had always been to hold this one back from the market.
“Now that it’s fully furnished people can truly get a sense of what the space is and how grand and unique it is.”
Originally published as Adelaide penthouse set to break records