Double Bay Penthouse Sells For a Record-Breaking $24.95 million

August 18, 2022
ode double bay penthouse

When we think Double Bay, we think stylish nests, picturesque sea views and a well heeled community—and the Ode | Double Bay epitomises just that.

The landmark development by Top Spring Australia is raising the blue-ribbon suburb to new heights in luxury. Designed by noted Sydney architect Luigi Rosselli, its sleek, spacious units culminate in three, sprawling penthouse apartments.

One of which was sold for a record $24,950,000 earlier this week.

Looking to downsize, a local retired couple closed the deal in hopes of splitting time between the city and their beach house.

The 311 square metre property features a private, 148 square metre roof terrace and spa pool. Not to mention floor to ceiling windows and views over the harbour in an ultra-desirable, premium location.

“Ode | Double Bay has always been about…combining beautiful design with the site’s unique attributes of views and village character”, says Brad Caldwell-Eyles, 1st City Projects Managing Director, and the Ode | Double Bay sales agent involved in smashing the record.

For 1st City, it’s actually the second record breaking of the year—earlier in March, their founding Partner Julian Hasemer sold a penthouse in William St, Double Bay for $16 million, creating a new record for apartments in the suburb.

“Ode | Double Bay was always destined to significantly re-set the sales record benchmark for Double Bay. Twenty-five million dollars exceeds the previous record by over 50%”, Julian shared.

It’s no wonder the development is creating such waves in the property market—it’s been years in the making and construction is set to commence in 2023.

“We worked through all the period of architectural design and planning. We positioned the apartment layouts and numbers so Ode would be a genuinely premium and exclusive project”, Brad tells us.

So exclusive, in fact, that the downsizing couple were eager to make the jump even before the listings came on the market a fortnight ago.

“Other buyers have now come forward to place deposits in the same manner”, Brad affirms.

Whether it’s the exemplary entertainment amenities, exceptional concierge service or masterful design, prospective buyers are clearly seeing an Ode | Double Bay property as an investment in their “forever home”.

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