Ode, Double Bay is expected to see construction completed in 2025. Image – Supplied.
  • A $24.95 million off the plan purchase has set a new record for Double Bay appartment sales
  • The sale surpassed the previous record of $16 million
  • The appartment is a penthouse in the Ode, Double Bay development

A retired couple downsizing from their family home has set a new record for apartment sales in Double Bay with a $24.95 million transaction.

The couple now owns one of only three top-floor penthouses on offer in Top Spring Australia’s new residential development know as Ode, Double Bay. They plan to spend their time between a beach house and the new 311 square metre penthouse.

The appartment was purchased off the plan allowing the buyers to tailor some of the details to their liking.

1st City Projects Managing Director and Ode, Double Bay sales agent Brad Caldwell-Eyles, has been involved with the development of Ode since the original architectural design competition.

“Ode | Double Bay has always been about an ultra-premium, exclusive product, combining beautiful design with the site’s unique attributes of views and village character,” he said.

The acquisition has surpassed Double Bay’s existing apartment sales record of $16 million which was also set by a downsizing couple in March 2022. The penthouse at 16 William Street apartment was purchased $108,000 per sqm.

1st City Projects founding partner, Julian Hasemer was responsible for the William Street sale.

“The team was always confident the Ode, Double Bay penthouses, being so supremely special and rare, would likely be some of the first to be sold,” Julian said.

“We have  just commenced the formal sales campaign and buyers have been aware of the project’s approach and have reached out to secure preliminary details.

“Twenty-five million dollars exceeds the previous record by over 50%.”

Julian Hasemer, 1st City Projects Founding Partner

The record breaking asset occupies a prominent corner site at 19-27 Cross Street neighbouring the site of a proposed public plaza with street-level dining, cafés and bars.

The three penthouses of the Ode, Double Bay development offer expansive rooftop terraces, including a BBQ, spa, and entertaining areas with expansive views of Sydney Harbour.

The interior is embellished with luxe stone in kitchens, bathrooms and powder rooms. The bedrooms feature stunning, leather-clad wardrobe doors and marble vanities.

Construction for the development begins in Q1 2023 with a proposed completion date of Q1 2025.

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