Elizabeth Bay has netted one of its highest apartment sales to date with a $24 million sale of a sub penthouse in the under-construction apartment development, Billyard Ave.

The highest price was set when the whole floor penthouse within the same project sold for $30 million to&nbsp;former head of USB Matt Allen, the owner of Sydney to Hobart winning ocean racer, Ichi Ban.

The other su bpenthouse sold for $22 million to Paul Keating’s confidante and lawyer Chris Coudounaris, and the garden manor residence sold for $17.5 million to Tina Green, widow of the late hotelier Maurice Green.&nbsp;

There are just&nbsp;nine residences in the high-end development that is almost complete.&nbsp;

The recent buyers of the sub penthouse are an Eastern Suburbs couple relocating from a large family home in Bellevue Hill with a strong affiliation with Elizabeth Bay. The property’s size, location, and unparalleled finishes were key factors in their decision to purchase.

Ray White Projects Managing Director,&nbsp;Eddie Mansour, says the sale of the sub penthouse at Billyard Ave demonstrates the unwavering demand for premium properties in this prestigious location.

"The unique features and the exceptional design of this residence have attracted buyers looking for something truly special," Mansour said.

“This sale not only underscores the rarity of house-sized apartments in the market, but also the continued trend of buyers looking to rightsize, rather than downsize, without compromising on luxury.

“The demand for these unique residences is stronger than ever.”

<img alt="East" data-entity-type="file" data-entity-uuid="1bec843e-a77b-4259-bddd-1e7c488777be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-28%20at%201.14.28%E2%80%AFPM.png?VersionId=G_6DwWk_8fmRHgpjQ3qYPd1seC6eKrdf" />

The apartment comprises four bedrooms, four and a half bathrooms, three car spaces, and expansive living and dining areas, totaling 360 sqm of internal space with harbour views.

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Billyard Ave, designed by award-winning architects Adam Haddow and Victoria Judge from SJB, features nine exclusive residences ranging internally from 360 sqm to 400 sqm. The building will also showcase sculptures by renowned artist Mika Utzon Popov, further adding to its appeal.

Developer Peter Walsh from NorthEast Corp, in collaboration with Philippe Remond of P3 Living, is very proud of the project’s success.&nbsp;

"We envisioned a residence that met the needs of discerning buyers who value size, features, and finishes," Walsh says.

"The local market's reception has exceeded our expectations, proving that our vision resonates with those looking to embrace a luxurious lifestyle in the Eastern Suburbs,” Walsh said.

"Our financial partner, MA Financial, run by Andrew Pridham, recognised the demand for this unique project and bought into the vision of Billyard Avenue."

North East Corp

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