Avoca Beach penthouse sold for $2.5 million

An Avoca Beach penthouse with gun-barrel views across the sand and the sea has been sold.

It's set in a tightly held block of just four apartments where there hasn't been a sale since 2007.

The second level apartment, and the penthouse, both sold on the same day to the same buyer. The penthouse sold for $2 million, the second level apartment $1.5 million.

Set on the dress circle Cliff Avenue, the two level, 750 sqm penthouse comprises three bedrooms on the lower level, two with Juliet balconies and the master with its own ensuite.

Upstairs is the dedicated living and entertaining space, with the kitchen living and dining wrapped in bifold doors opening to an entertaining terrace with sweeping views of the beach.

Belle Property Killcare agents Cathy Baker and Ben Bedford were seeking $2.5 million which was secured.

Baker says the apartment has a holiday rental potential of $100,000 per annum.