A new designer penthouse in Melbourne has set a suburb price record by millions of dollars.
According to realestate.com.au, property developer Kervale has secured a contract for the top-floor penthouse apartment in its ESSENCE project in Brighton for $10.2 million.
The sale eclipses the previous Brighton apartment price record of $8.2 million set back in 2019.
The record price equates to $22,000 per square metre for the four-bedroom property, significantly higher than the current price-per-square-metre record of $19,000, achieved with the sale of a five-bedroom house in 2021.
The unnamed buyer said they had been searching for a new home in the inner-city market for a while before coming across the development.
“The four-bedroom penthouse is the jewel in the crown,” Kervale sales director Michael Ryan said.
“It has all the elements often reserved for an expansive house and truly is the epitome of luxury living in Brighton.”
The ESSENCE development is made up of two buildings with 11 residences in each, blending contemporary design with refined elegance, Mr Ryan said.
“The local buyer had been searching for a long time to find an expansive home with city views that was really special,” he said.
“The penthouse offered just that – four bedrooms, two studies, an eight-car garage, a spiral staircase to a private rooftop complete with a pool, and all the amenities reserved exclusively for residents.”
Mr Ryan said the buyer will now work with Bruce Henderson Architects to add bespoke, personal touches to their new home.
The complex has an array of resident amenities, including a wine cellar, communal lounge, yoga studio, golf club lockers, pet grooming spaces, and electric vehicle charging points.
