Penthouse shoots for Sydney coastal suburbs record

An artist’s impression of the Pearl penthouse terrace, which overlooks Bondi Beach and Ben Buckler Point.

It has been billed as the most exclusive and prestigious offering Bondi has ever seen, perched on the oceanfront and connected to the coastline.

Meet Pearl Bondi the $150m project just approved for Bondi’s peninsula cliffside with north-east aspect, elevation and comprising a clutch of seven luxury homes aimed at established eastern suburbs families and downsizers.

And Pearl’s creator, top Sydney builder developer Central Element is set to rewrite Bondi’s property history with the highly anticipated release of the Pearl Penthouse – the pinnacle of the project.

Set to become the coastal suburbs most exclusive and high-end residence to date, with an asking price of $30m, the ultra-luxurious apartment is expected to smash the suburb record.

The previous record was $24m in 2022, for Multiplex heir Andrew Roberts’ 190sqm apartment in Notts Ave, Bondi Beach. The price equated to $126,000 per sqm.

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It’s set to become the coastal suburbs most exclusive and high-end residence to date.

It offers 328sqm of living space.

The 328sqm penthouse offers four bedrooms, 3.5 bathrooms and a 17m east-facing frontage with uninterrupted ocean views.

Central Element managing director Nathan Chivas expects Pearl to be popular.

“At its heart is the Pearl Penthouse, the most luxurious and prestigious offering the suburb has ever seen,” Mr Chivas said.

“Every element – from the 17‑metre frontage to the timeless interiors – has been crafted to create a sanctuary that connects deeply with Bondi’s coastal energy.

“It’s a hidden treasure revealed only to a privileged few and we expect demand for the Pearl Penthouse to reflect the rarity of what’s on offer.”

Central Element has gathered talented architects, landscapers and interior designers to create Pearl Bondi, which consists of two houses fronting Sandridge St and five apartments cascading towards the coastline with access to Wilga St.

Three apartments are whole-floor residences with expansive terraces while the two ground floor apartments will each have a private pool.

Central Element managing director Nathan Chivas describes the penthouse as a “hidden treasure”.

The Torrens-title houses will have their own private plunge pools.

The Torrens-title houses will also have their own private plunge pools, outdoor entertaining space and wide ocean views.

One has, facing north has a traditional layout with bedrooms upstairs while the southern house has the upper level dedicated to living and dining with two balconies capturing the view.

The ultra-luxury project has been designed by award-winning architects MHNDU and the homes will share almost 500sqm of landscaped communal space as well as having their own external areas – up to 86sqm.

The site is more than 2000sqm in a tightly-held pocket between Bondi and Tamarama with direct access to the coastal walk.

The penthouse offers four bedrooms.

And 3.5 bathrooms.

Madeleine Blanchfield, of Madeleine Blanchfield Architects, has been engaged to design the interiors of the seven homes. She is well-known and highly sought after in the Eastern suburbs.

“Our design approach for Pearl will be centred on quiet luxury and refined simplicity – using natural materials, light and texture to create homes that feel timeless, grounded and intimately connected to their coastal surrounds,” she said.

Materials such as travertine, American oak, Patagonia Pink quartzite and brushed stainless steel are all on the Pearl palette.

Kitchens have stone island benches and Sub-Zero and Wolf appliances are included.

Construction on Pearl Bondi will begin in the spring of this year and completion is planned for late 2027.

Central Element has already broken suburb records in Sydney’s east. Last year in Coogee it made a $20m off-market sale for a three-bedroom penthouse at Ballamac House.

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