One of two penthouses at one of southwest Brisbane’s most anticipated developments has been snapped up just weeks after launching.
The 8.01 penthouse at One Earle Lane, Toowong, was sold for $4.1 million to a downsizer from Paddington, who was looking for a stylish residence with top amenities.
More than 90 per cent of the luxury apartment development, by Azure, has sold.
Azure enlisted Simon Caulfield, of Place Estate Agents, to sell the penthouse, which featured an 18.3m frontage, three bedrooms, 2.5 bathrooms, multiple living areas, a home office, three-car accommodation and a large north facing balcony.
Mr Caulfield said the penthouse also featured a grand kitchen with a butler’s pantry and a dedicated wine bar.
The master suite also included an expansive walk-in wardrobe and ensuite, opening to a private terrace offering breathtaking park and city views.
“The main selling point for One Earle Lane was that despite the buyer having the resources and the option to purchase a river-view apartment, they chose One Earle Lane due to its attractive offerings such as the extensive amenities, top floor corner position, uninterrupted city and park views, and the design and finishes,” Mr Caulfield said.
One Earle Lane also offered indulgent amenities for residents including private dining, a cinema, a gym, yoga studio, sauna, steam room, hot and cold plunge pools, and a 25-metre heated lap pool.
“There is confidence in the completion of One Earle Lane by Q1 2025,” Mr Caulfield said.
“Additionally, the buyer was considering a nearby development, which did offer river views, but was swayed by the opportunity and location of the penthouse at One Earle Lane, emphasising that a river view wasn’t the sole determining factor.”
Azure Director Trent Keirnan said One Earle Lane had been popular with buyers.
“One Earle Lane has received tremendous interest to date, and the recent sale of the penthouse is a testament to the superior product that Azure brings to the Brisbane market,” he said.
Azure’s active portfolio, valued at more than $500 million, includes Oakmont, One Five Six and Dahlia, with a future pipeline exceeding $1.3 billion.
One Earle Lane, with architecture and interior design by the internationally renowned, Paul Conrad Architects, and construction by 5Point Projects, is on track for completion at the start of 2025.
