Yahoo Finance Luxury Melbourne penthouse smashes records with $30 million sale
The $30 million sale of a two-storey penthouse in Melbourne’s St Kilda has smashed records and become the most expensive apartment transaction to date in the Victorian capital city.
It’s also become the second biggest apartment sale in the country, with the crown prize going to a $40 million apartment in Sydney.
The two-storey penthouse runs across 650 square metres internally and 150 square metres externally.
And with that $30 million price tag, it means each square metre went for a whopping $37,500.
The bells and whistles
The apartment is decidedly larger than most houses, resplendent with four living rooms, seven bedrooms and just as many bathrooms to match.
Seven seems to be the magic number: that’s how many cars can fit in the private garage, which comes with direct lift access.
Residents will never be bored with an in-house gym, an in-home sauna, and not one but two private pools.
And just to add a slight touch of luxury, the apartment boasts a floating fireplace, a two-storey cascading water feature surrounded by marble-clad walls.
Make your way down a spiralling staircase and you’ll find yourself led down to a 1000-bottle temperature-controlled wine cellar.
To round it all off, a round bathtub made of one of the most important marbles from Spain sits squarely in the middle of an airy bathroom with 180 degree waterfront views.
Who bought it?
The apartment was purchased off-the-plan before the development’s public launch by the former boss of Domain and father of eight, Anthony Catalano.
He’ll be relocating his family from their waterfront Melbourne manson to the luxury apartment.
“The couple will be moving their large family into the penthouse, which is a trend we are seeing more and more as Melbourne families sell their traditional established homes in favour of the convenience, comfort, amenity and security of a modern building,” said the CEO of real estate brand Christie International’s new Victorian affiliate Sean Cussell.
Property developer Tim Gurner reportedly travelled to the world’s best hotels, penthouses and destinations for inspiration and said the apartment had been designed to be “the best in Australia and arguably one of the best in the world”.
“We had no intention of selling the prized penthouse until the launch, but once word got out we were swamped with interested buyers – all local Melbourne identities who quickly realised this will be Melbourne’s and arguably Australia’s best residential address.
“We had five interested buyers and two quickly became very competitive. We worked with the successful buyer to design and customise the penthouse with them before formalising the sale,” he said.
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