Another suburb price record has fallen following the off-the-plan sale of a penthouse in Sydney’s northern beaches.
The record-breaking three-bedroom apartment is part of developer IPM’s new ‘Iluka’ estate at Mona Vale, and sold for $4,775,000 to a local couple, beating the previous suburb record by more than $1.5 million.
IPM managing director Steve Sroba says the high sale price is proof of the development’s quality.
“Sydney’s northern beaches have proven an incredibly sound lifestyle and investment choice for a growing number of discerning owner-occupiers,” he says. “Iluka’s penthouse achieving a new suburb record has reinforced the appeal of this pristine pocket of northern Sydney and we don’t expect the remaining residences to stay on the market long.”
Nestled between Mona Vale Beach and Golf Club, the penthouse at 50-52 Golf Avenue, Mona Vale, can only be described as luxurious.
Inspired by the coastal surroundings, the home uses a light colour palette to harmonise with its environment. Timber, stone and natural materials are all utilised in the apartment, with a curving external facade clearly inspired by the sand dunes which can be found just a short distance away.
Domain Residential agent Peter Grant says the buyers, who are downsizing from their existing Mona Vale home, were attracted by the offering’s lifestyle.
“Mona Vale has been the absolute runaway success of Sydney’s northern beaches market this year and it’s not hard to see why,” he says. “Surrounded by stunning beaches and lush green golf courses, plus its relative proximity to Sydney CBD via the B Line bus network, it is a suburb that offers the best of both worlds.”
“We are experiencing strong interest from both the existing local buyers who are doubling down on the suburb after selling the family home, as well as a growing contingent of buyers from Sydney and Melbourne who are looking to relocate and enjoy a more relaxed coastal lifestyle.”
50-52 Golf Avenue, Mona Vale, NSW 2103
Simon Gourlay – 0418 229 224
Peter Grant – 0412 527 071