Billyard Ave sub-penthouse sells for circa $24 million
On the back of a series of recent high-profile transactions in Sydney’s East, Ray White Projects has finalised the successful sale of the sub-penthouse at the high end Billyard Ave project for circa $24 million, marking it one of the highest sales for an apartment in Elizabeth Bay.
The highest price was set when the whole floor penthouse within the same project sold for $30 million.
The sub-penthouse is one of just nine residences in the high end development that is almost complete.
The buyers 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.
Billyard Ave is being sold in conjunction with Jason Boon from Richardson and Wrench Elizabeth Bay who has led the sale of the circa $30 million penthouse to former head of USB Matt Allen, the owner of Sydney to Hobart winning ocean racer, Ichi Ban.
The other sub-penthouse sale of $22 million to Paul Keating’s confidante and lawyer Chris Coudounaris, and recent sale of the garden manor residence of $17,500,000 to Tina Green, widow of the late hotelier Maurice Green.
“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,” said Eddie Mansour, managing partner of Ray White Projects.
This residence boasts four bedrooms, four and a half bathrooms, three car spaces, and expansive living and dining areas, totaling an impressive 360 sqm of internal space with breathtaking harbour views.
Located footsteps from the picturesque Elizabeth Bay Marina, the sub-penthouse is a single-level residence that combines grandeur with modern living.
“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,” Mr Mansour said. “The demand for these unique residences is stronger than ever.”
Billyard Ave, designed by award-winning architects Adam Haddow and Victoria Judge from SJB, features nine exclusive residences ranging internally from 360 to 400 sqm, all of which offer a prestigious living experience. 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.
“We envisioned a residence that met the needs of discerning buyers who value size, features, and finishes. 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,” Mr 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.”
With few residences remaining for sale and the project nearing completion, potential buyers are encouraged to act swiftly. Billyard Ave represents a unique offering in a location synonymous with the style and grandeur of the world’s greatest cities.
Media Contact:
Eddie Mansour
Managing Partner – Ray White Projects
0424 251 259
emansour@raywhite.com
Nina Clarke
Ray White Group
0448 841 606
nclarke@raywhite.com