Deceased estate. Mortgagee in possession. Divorce forcing sale.
That's the sort of situation you'd expect behind an opportunity like this.
Instead, what's being offered here is something far more compelling
a genuine chance to create a $5M plus sky home in a blue chip beachside position
Spanning three expansive levels and approximately 334m², this penthouse is a true blank canvas at a scale rarely seen in this market
Multiple living zones, generous accommodation and a private rooftop terrace already form the foundation
What happens next is where the upside lives
Open the living spaces to maximise the ocean outlook
Reimagine the kitchen and bathrooms to a luxury standard
Transform the rooftop into a statement entertaining level with outdoor kitchen, spa and lounge
Done right, this becomes one of the standout residences in the building, and one of the most unique sky homes in the precinct
The numbers make sense
The position is proven
And the potential is obvious
Whether you're creating a prestige coastal residence, a high end holiday home or a strategic investment, this is a property where both lifestyle and long term gain align
Most buyers wait for finished product
The smart ones recognise the opportunity before it's realised
Opportunities like this don't present often
And when they do, they're rarely this clean
Key Features
• Rare three level penthouse spanning approximately 334m²
• Private rooftop terrace with ocean and skyline views
• Entry level buying around $9,000 per square metre
• Significant renovation and value add potential
• Scope to create a $5M plus luxury sky home
• Three spacious bedrooms and four bathrooms
• Multiple living areas across three levels
• Secure parking for two vehicles
• Walk to the beach, restaurants, cafes and light rail
• Ideal as a luxury residence, holiday home or investment