$1 million discount secures Elizabeth Bay penthouse sale

$1 million discount secures Elizabeth Bay penthouse sale
Staff reporterDecember 7, 2020

Penthouse apartments in Elizabeth Bay, with their outlook across the boat-laden harbour, are a popular catch.

The latest sale crowns the 1970s Onslow Avenue apartment complex Tradewinds.

The living spaces are wrapped in wall to wall windows and a balcony that spans the entire width of the building.

The apartment has three bedrooms and three bathrooms, including a Japanese-style main tub and monsoon shower in the main bathroom. A stone and stainless steel kitchen with European fitout joins the living spaces.

Since it last traded for $2.13 million in 2008, there's been an upper level architect-designed extension, comprising a study and second sitting room wrapped in glass which opens to the roof deck and surrounding gardens.

$1 million discount secures Elizabeth Bay penthouse sale

BresicWhitney agents Shannan Whitney and Nick Gill had given a guide of $5.8 million, and they secured $4.85 million.

Last month a Manar, Potts Point apartment (below) resold for $3.75 million, a few weeks after its no-bid auction through Richardson & Wrench agent Jason Boon.

$1 million discount secures Elizabeth Bay penthouse sale

It had been sold last November at $4.1 million but the sale did not proceed to settlement.

Records show that it was bought in 2009 for $2.25 million from the former lawyer­ Russell Keddie.

In August Clint Ballard at Ballard Property secured the sale of the two level penthouse (below) crowning one of the more modern blocks on Elizabeth Bay's harbour front Billiard Avenue dress circle.

It was sold for $15 million by fund manager Michael Hill after having $14 million hopes.

$1 million discount secures Elizabeth Bay penthouse sale

The apartment, atop the Burley Katon Halliday-designed block, dates back two decades. It has five bedrooms and six bathrooms across its 425 square metres of internal space.

It features 375 square metres of wrap around balconies and terraces.

The development was completed in the late 1990s after East Asia Property Group paid $8.5 million for Cardigan, the waterfront mansion of solicitor Cedric Symonds and his socialite wife Elizabeth.

They knocked down the home in 1996 and replaced it with a six apartment development with a pool and private jetty.

The Elizabeth Bay penthouse atop Darnley Hall fetched $9.75 million earlier this year when bought by Cyber security boss Mark Dowd and wife Olivia Ross.

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