After three years on the market, a bidder has been found for the $100 million penthouse in Australia, which has been on the market for the past three years.
Knight Frank first listed the two-story flat in Crown’s One Barangaroo tower in 2019, but had been unable to sell it due to its exorbitant price.
The 230-meter-high, six-bedroom, six-bathroom mansion is close to being sold, and a recently widowed man is said to be the buyer.
After three years on the market, a buyer has been found for the brand-new, $100 million penthouse in Australia, which has been on the market for the past three years.
The two-story apartment in Crown’s One Barangaroo tower was first marketed by Knight Frank in 2019, but remained unsold due to its exorbitant price.
The breathtaking penthouse sits atop the tower created by the award-winning architect WilkinsonEyre and has a petal-like appearance.
Direct views of North Sydney, the Sydney Harbour Bridge, the Blue Mountains, Darling Harbour, the Sydney Opera House, and the Pacific Ocean encompass 800 square feet across two stories.
The property features many leisure areas, a theater, a steam room, a private plunge pool, a gym, and a 24-hour concierge.
Each bedroom features an ensuite bathroom and walk-in closet, and floor-to-ceiling windows offer breathtaking views of Sydney.
In addition, it features a separate office, 50 square meters of outdoor space, three covered balconies, a featured staircase, and a private internal lift connecting the two floors.
The Crown penthouse in Barangaroo, which was unveiled in 2019, was the most expensive residence for sale in Australia.
The master bedroom of the Crown penthouse’s 24-hour concierge service
The magnificent Crown penthouse, which recently served as the background for the filming of Russell Crowe’s Poker Face, has drawn worldwide notice and has been toured by a who’s who of Australian millionaires and billionaires.
James Packer, who is in the final stages of a $8.9 billion Crown takeover attempt from U.S. financial giant Blackstone, also owns a $70 million basement apartment.
One prospective purchaser, who wished to remain anonymous, stated that he had viewed the Crown penthouse and was pleased by the luxurious sky palace, but considered the asking price was “too excessive” even in the current flourishing real estate market.
Direct views of North Sydney, the Sydney Harbour Bridge, the Blue Mountains, Darling Harbour, the Sydney Opera House, and the Pacific Ocean encompass two stories and 800 square feet.
Each bedroom includes an ensuite bathroom and walk-in closet, and floor-to-ceiling windows provide breathtaking views of Sydney.
He cited the ANZ Tower penthouse, which Ian Malouf purchased from John Boyd for $65 million in June 2021, as an example of a comparable structure with a far lower price.
The Crown penthouse is magnificent. It boasts ocean vistas that the Malouf penthouse lacks, but is that worth an additional $35 million? I have my doubts,’ he remarked.
‘And there appears to be a consensus among buyers that the market will recover approximately 10% during the following three months.
Given this circumstance, I believe that many individuals who are in a position to purchase this item will hold off.
In recent years, several of Sydney’s influential individuals have toured the property, but no one has purchased it.
In addition, it features a separate office, 50 square meters of outdoor space, three covered balconies, an elegant staircase, and a private internal lift connecting the two floors.
Reece Coleman, the CEO of the real estate advisory firm Maker, stated that purchasing the one-of-a-kind property presented a dilemma for those who could afford it.
He stated, “Look, I believe it’s terrific to invest in a building that has a $100 million property for sale, but you don’t want to be the person who pays $100 million for that property.”
Why buy the penthouse for $100 million when you can go eight feet down and get something equivalent for $30 million less? is the prevalent sentiment regarding Crown.
The apartment is the second Australian penthouse to sell for $100 million, after the neighboring One Sydney Harbour sold for a staggering $140 million.
The most expensive residence in Australia was just sold for $140 million atop a magnificent Barangaroo skyscraper.
Eight-metre-high ceilings and a dramatic entry foyer contribute to the grandiosity of the ambitious design, while a rooftop swimming pool, Jacuzzi, and gym complete the dream home.
The residence encompasses a remarkable 1,600 square feet and has nine bedrooms, including a master bedroom that is comparable in size to a modest city apartment.
The penthouse provides unparalleled views of Sydney Harbour and the sweeping cityscape below, with a glass-paneled wall in the dining area overlooking the Harbour Bridge, Opera House, and Darling Harbour.
The grandiosity of the ambitious design is enhanced by eight-metre-high ceilings and a dramatic entry foyer; a rooftop swimming pool, spa, and fitness center complete the dream home.
The design of the tower was conceived by Pritzker-prize-winning architect Renzo Piano.
The Italian architect is well-known in the design community for his many worldwide projects, including The Centre Georges Pompidou in Paris and The Shard in London.
On the site of the former Gold Fields House, building has begun on the magnificent One Circular Quay, which will soon feature a $100 million penthouse.
A $100 million penthouse is planned for the historic Gold Fields House site, which is currently being construction.
The unfinished penthouse, which has 180 apartments and is billed as “Australia’s most expensive building,” is making a stir in Sydney’s luxury real estate circles.
However, despite having been advertised since 2018, apartments will not be available until the second half of this year, with a projected building completion date of early 2024.
The residential division head of CBRE, Justin Brown, is handling the sale of all One Circular Quay apartments and has stated that the sales campaign will begin later this year.
In the meantime, the thought of yet another three-story mega-penthouse – this one tucked in what many consider to be Sydney’s prime location between the Opera House and the Harbour Bridge – has some real estate observers salivating.
Coleman believes it will bolster Sydney’s status as one of the world’s most prestigious and expensive international cities, alongside Hong Kong, Japan, Vancouver, and New York.