Luxury Point Piper Apartment Sold for $18m

 Luxury Point Piper Apartment Sold for $18m

The former Sydney lord mayor, Nelson Meers AO, has sold his Point Piper home for around $18 million, just one week after a nearby trophy home transacted for almost $100 million.

Point Piper has long been known as Australia’s most affluent suburb, and it is fair to say that Spring has certainly sprung in the flashy neighbourhood as properties have transacted for astronomical prices in recent weeks.

The whole-floor apartment was purchased by Meers back in 2017 for over $15 million and had been listed this time around with aspirations to fetch closer to the $20 million figure – which it is thought to have done so.

Designed by renowned architect, Alex Popov, the boutique complex is made up of six exquisite apartments home to some of Sydney’s elite.

With unrivalled harbour views, the apartment boasts 386sqm of internal living space in one of the country’s most prestigious locations and just a stone’s throw to Seven Shillings Beach.

It follows the sale of nearby trophy home, ‘Edgewater’, which was purchased last week by Chinese businessman John Changjin Li for an eyewatering $95 million – pandemic, what pandemic?

The gold mining tycoon purchased the waterfront home which features one of the few harbourfront tennis courts in Point Piper, it’s certainly quite the backdrop for a couple of sets!

The property was split into a duplex in the 1980s, with last week’s sale set to be divided equally between the two properties, meaning each apartment comes in at a staggering $47.5 million.

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