<a href="https://www.apartments.com.au/developers/milieu-property">Milieu</a>’s <a href="https://www.apartments.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a> is being shaped around a simple but increasingly rare premise in apartment development: that the built environment should actively support residents’ wellbeing.&nbsp;

Located on the former ABC Studios site on Gordon Street in Melbourne’s south-east, the new neighbourhood sits on an expansive 11,740 sqm site neighbouring the heritage-listed Rippon Lea Estate, whose gardens date back more than 140 years.

Rather than positioning wellness as an add-on amenity, the development integrates it into the physical planning of the site. Architecture by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> is arranged across six low-rise buildings set within extensive landscaping designed by <a href="https://www.apartments.com.au/landscape-architect/oculus">OCULUS</a>, with more than 40 per cent of the land dedicated to gardens and green space. Walking trails, pocket gardens, and mature trees are threaded between buildings, creating a network of green corridors that encourage residents to move through the precinct on foot and spend more time outdoors.

[smartcode_project:default project_id=136535 project_image_fid=288420]

Milieu has intentionally framed these gardens as an extension of the neighbouring Rippon Lea Estate. More than 16,000 new plants will be introduced across the site, with species carefully selected to protect and complement the area’s ecological significance. The approach focuses on strengthening existing environmental conditions while establishing new habitats that support native wildlife, reinforcing the role of the landscape as both an active ecosystem and a defining element of daily life.

A private resident gate will provide direct access to the historic grounds during opening hours, allowing residents to move seamlessly between the development’s landscaped gardens and the estate’s expansive lawns, lakes, and mature trees. The project’s gardens will also be maintained by the same gardeners responsible for Rippon Lea, reinforcing the visual and ecological continuity between the two landscapes.

Complementing the landscape is a dedicated wellness hub designed to support everyday health and recovery. Residents will have access to a gym alongside yoga and Pilates studios, while mineral pools and infrared saunas provide spaces for relaxation and restorative wellbeing. Shared lounges, workshop spaces, and pet care facilities expand the concept of wellness beyond fitness, creating opportunities for social connection and community interaction within the precinct.

Environmental performance is another key component of the project’s wellbeing focus. Elsternwick Gardens will be entirely fossil-fuel-free, with homes designed to operate on renewable electricity rather than gas. Passive design strategies, including cross-flow ventilation, high-performance insulation, and thermally broken double glazing, are intended to maintain comfortable indoor temperatures while reducing energy demand. Solar photovoltaic systems will power common building services, while rainwater harvesting will help irrigate the extensive landscaping across the site.

[smartcode_project:default project_id=136535 project_image_fid=361030]

Milieu Founder and Managing Director Michael McCormack says the scale and setting of the project allowed the team to take a different approach to urban apartment living.

“This site represents a once-in-a-lifetime opportunity to build something truly special,” McCormack says.

“Through that process, we arrived at a design that centres on a fully realised natural landscape – a series of private, interconnected gardens that encircle the homes and extend seamlessly from Rippon Lea Estate.”

Elsternwick Gardens will comprise three residential offerings, Gordon Place, Ripponlea Terrace, and The Garden Pavilion, each designed for owner-occupiers and shaped around high-quality interior design by Woods Bagot, K.P.D.O., and Flack Studio. The first stage, Gordon Place, includes one-, two-, and three-bedroom apartments designed with a strong focus on indoor-outdoor living and sustainability.

[smartcode_project:default project_id=136535 project_image_fid=288412]

Milieu recently appointed <a href="https://www.apartments.com.au/builders/brady-constructions">Brady Constructions</a> to deliver the project, marking a key milestone for the development. The appointment follows the demolition of the former studio buildings on the Gordon Street site, with construction progressing toward the delivery of the nature-led community.

Situated between the established villages of Elsternwick and Ripponlea, the development balances its garden setting with strong urban connectivity. Residents will be within walking distance of cafés, restaurants, and local retail, while nearby train and tram connections provide quick access to Melbourne’s CBD and the beaches of Elwood and St Kilda.

With construction underway and the first residents expected to move in by early 2027, Elsternwick Gardens represents a growing shift in apartment development toward environments that prioritise wellbeing as much as density or location. By placing landscape, sustainability, and shared spaces at the centre of the design, Milieu is positioning the project as a residential neighbourhood where wellness is not just promoted, but built into the structure of everyday life.

[smartcode_project_cta:default project_id=136535]

Joel Robinson

Elsternwick Gardens' wellness-first design strategy

Brisbane-based developer <a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a> has made a striking debut on the Gold Coast, officially unveiling its $250 million COMO development in Varsity Lakes, a lifestyle-driven residential project anchored by an extensive rooftop wellness and activity precinct.

Having recently launched to market, construction has already been fast-tracked by <a href="https://www.apartments.com.au/builders/5point-projects">5Point Projects</a>, ensuring momentum continues on what is set to become a landmark residential address for the growing Varsity Lakes community.

Located at 22 Lake Street, Varsity Lakes, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO</a> will comprise 156 apartments across 16 levels, comprising one-, two- and three-bedroom residences designed for modern living. However, it is the project’s rooftop amenity offering that sets COMO apart.

[smartcode_project:default project_id=135546 project_image_fid=363510]

Designed as a dedicated wellness and recreation hub, the rooftop will feature a 25-metre lap pool, fully equipped gymnasium, and multiple pickleball and paddleball courts - amenities rarely seen in boutique apartment projects.

Residents will also have access to a sauna and plunge baths, while landscaped gardens and relaxation zones will provide tranquil spaces overlooking sweeping panoramic views across the Gold Coast skyline.

The rooftop precinct has been designed to function as the social and wellness heart of the development, encouraging residents to embrace an active, balanced lifestyle within their own building.

&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363512]

Red &amp; Co director David Laverty said the amenity offering was central to the project’s design from the outset.

“Amenities were at the forefront of our decisions,” Laverty said.

“Buyers today are looking for more than just an apartment - they want a lifestyle that promotes health, connection and balance.

“The rooftop at COMO has been designed to be the epicentre of that lifestyle, with a suite of wellness and recreation facilities that are quite unique for a boutique development of this scale.”

&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363514]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, the residences prioritise liveability, featuring spacious layouts, 2.7-metre ceilings and high-quality finishes throughout.

The development sits beside Bond University, placing residents within walking distance of education, retail and dining options within the vibrant Varsity Lakes precinct, including Robina Town Centre, Varsity Lakes Train Station and a range of leading schools.

[smartcode_project:default project_id=135546 project_image_fid=363511]

Laverty said the location was a key driver behind Red &amp; Co’s decision to bring the project to the Gold Coast.

“<a href="https://www.apartments.com.au/developments/varsity-lakes-qld-4227">Varsity Lakes</a> was a clear choice for us to invest in as it’s a lifestyle hub that seamlessly blends lakeside living with urbanity,” he said.&nbsp;

“Como will capitalize on this great location, delivering a project that not only creates premium homes, but a lifestyle defined by community, wellbeing, and connectivity.”

Red &amp; Co has delivered more than 500 apartments and townhouses across 26 projects in Brisbane in recent years, with COMO marking the company’s first major Gold Coast development.

[smartcode_project_cta:default project_id=135546]

Red & Co unveils amenity-rich Como development in Varsity Lakes

Gold Coast developer&nbsp;<a href="https://www.apartments.com.au/developers/big-projects">Big Projects</a> has secured approval for its second Mermaid Beach project.

The developer, currently selling <a href="https://www.apartments.com.au/new-apartments/the-frederick-mermaid-beach-2265-gold-coast-highway-mermaid-beach-qld-4218">The Frederick in Nobby Beach</a>, has secured approval for its next project just 1.5 kilomnetres up the road.

The new development, dubbed&nbsp;<a href="https://www.apartments.com.au/new-apartments/glenelg-residences-2462-2472-gold-coast-highway-mermaid-beach-qld-4218">Glenelg Residences</a>, has been designed by BDA Architecture and&nbsp;will have just under 100 apartments across an 11-storey building&nbsp;at 2462–2472 Gold Coast Highway, on the corner of Glenelg Avenue just under 300m from the future Mermaid Beach Light Rail stop.

The apartments, a mix of two- and three-bedrooms, will sit above a retail-focused ground plane and under extensive rooftop resident amenities.

<img alt="Exclusive: Big Projects plot Mermaid Beach apartment development, Glenelg Residences" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-06-11%20at%209.55.04%20am.png?VersionId=z6NV4izeuvhBSSVlY6vK6TPO1LxrFeaG" />

BDA said in its planning submission that the project is intended to support the area’s transition toward higher-density, mixed-use living. “This project offers the opportunity to generate appropriate higher-intensity development within the future Light Rail corridor of <a href="https://www.apartments.com.au/developments/mermaid-beach-qld-4218">Mermaid Beach</a>,” the submission noted.

At ground level, Glenelg Residences will include eight retail tenancies designed to activate the street frontage, complemented by a basement bar offering an additional hospitality element. Above, residents will have access to a rooftop amenity deck featuring an infinity pool, hot and cold plunge spas, day beds, and barbecue facilities.

The architectural approach adopts a restrained material palette of brick, textured concrete, and integrated landscaping, with cantilevered concrete frames and cascading planting intended to soften the built form. BDA described the design as aiming to create “a memorable sculptural mid-rise mixed-use building” that responds to both its coastal setting and urban context.

<img alt="Exclusive: Big Projects plot Mermaid Beach apartment development, Glenelg Residences" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-11%20at%209.55.45%20am.png?VersionId=cpjIVBqcT_sujmo2UMWkVyLcQ7WGJHaQ" />

The approval comes as the City of Gold Coast continues to plan for significant population growth, with regional targets requiring more than 100,000 new high-density dwellings by 2046.

<section data-scroll-anchor="false" data-testid="conversation-turn-36" data-turn="assistant" data-turn-id="request-WEB:55d7c6ac-8e6d-4881-ad49-0ed9bf66d1cc-17" dir="auto">
Big Projects, led by Matthew and John Barrett, is part of a growing cohort of developers that deliver construction in-house, providing a high level of confidence to prospective purchasers.
</section>

[smartcode_project_cta:default project_id=150260]

Big Projects secures approval for Glenelg Residences in Mermaid Beach

Sherpa Group is ramping up its investment in the southern Gold Coast by lodging a development application for <a href="https://www.apartments.com.au/new-apartments/flourish-viver-87-griffith-street-coolangatta-qld-4225">Flourish Viveré</a>, a new $350 million project in Coolangatta.

The move comes after the group’s $27 million acquisition of the 2,029 sqm site on the corner of Griffith and Warner Street, last year.

They will develop 194 apartments across a 26-storey tower, which will become Sherpa’s largest project to date.

Viveré will be the next chapter in the Flourish story, following closely behind Amargo, Oasis, and the Avenues in Palm Beach, as well as Symphony in Brisbane, all designed to deliver affordable housing in lifestyle-rich locations, giving locals a real chance to secure a residence close to the beachfront.

The HAL Architect-designed project will offer a diverse range of residences, from one-, two, and three- bedroom apartments to the premium Canopy range to luxury penthouses.

<img alt="Vivere" data-entity-type="file" data-entity-uuid="c85f5a7e-a22f-4745-8def-400adb3c0b35" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-15%20at%209.53.43%E2%80%AFAM.png?VersionId=OY.chur3BPExn1exQ2q8clHqWnW_CaBi" />

“The Gold Coast is undergoing a period of immense growth, with more people drawn to the incredible 
lifestyle that’s available, leading to strong growth in property prices,” said Christie Leet, founder of Sherpa 
Group.

“Our goal at Sherpa is to ensure locals are not priced out of the market in prime locations, which is why we 
created the Flourish collection.

“Flourish Vivere will form the next chapter in our portfolio, and we are so excited to be lodging the DA, marking our first project in Coolangatta.”

A signature of the Flourish developments is the communal rooftop. Flourish Vivere will showcase a private resident’s lounge, outdoor dining with barbecues and pizza ovens, heated pool, fully-equipped gym, and a wellness centre with sauna and steam room.

<img alt="Vivere" data-entity-type="file" data-entity-uuid="c09372cc-aae6-4458-af2e-f291bd19a5e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-15%20at%209.53.49%E2%80%AFAM.png?VersionId=Sc_RLXl5jiff.tnadogXjQJ_WIpDjf3p" />

The project is strategically located to offer a walkable lifestyle, with the Strand shopping centre, cafes, restaurants, shops and the beach, all just a short stroll away.

“We have meticulously planned Vivere to build on the Flourish legacy, creating a truly special project,”&nbsp;Leet added.

“Wellness, lifestyle and community are at the forefront of every decision we make, and that has not 
changed for Vivere.”

With the DA now lodged with the Gold Coast City Council, Sherpa has moved quickly to secure LPS Group as the builder, offering buyers a level of certainty that is rarely seen in today’s market.

Sherpa has delivered 16 residential projects over the past seven years with a pipeline of $1 billion, with more under construction.

Sherpa takes Flourish brand to Coolangatta, lays plans for Flourish Vivere 

S&amp;S Projects is boosting its investment at Rainbow Bay to more than $1 billion after the prolific Gold Coast developer acquired a new site for $20.25 million and immediately laid plans for a new luxury apartment project in the sought-after precinct.

The site, which is the company’s fifth acquisition at Rainbow Bay in the past four years, will be home to the company’s largest project to date after delivering 3 sold-out projects and construction progresses on Radia worth a combined $215m. 
S&amp;S Projects is currently finalising plans for its latest strategic acquisition, a 1,518 sqm site located 209-213 Boundary Street in Coolangatta, with a development application expected to be lodged within weeks.

The luxury residential development will build on the company’s highly successful projects at Rainbow Bay, comprising Flow, Awaken, Esprit and Radia, with Radia currently under construction by Hutchinson Builders.

“We have been unflinching in our commitment to Rainbow Bay and the transformation we have helped drive in this incredible part of the Gold Coast, which is among the city’s most desirable residential locations,” said S&amp;S Projects founder and director Paul Gedoun.

“Our fifth project will reflect the best of what we have done so far to create a lifestyle precinct that is second to none.”

The latest development, which has yet to be named, is proposed to accommodate 88 luxury apartments in a design that will immerse residents in a unique wellness lifestyle that expands on the legacy of S&amp;S Project’s earlier developments at Rainbow Bay.

The development will feature an expansive rooftop garden and wellness centre with a resort- style pool, among a host of lifestyle amenities planned for residents.

“Rainbow Bay, with its beautiful, protected beach and alongside one of the world’s best surf breaks at Snapper Rocks, is the natural wellness heartland of the Gold Coast,” said Gedoun.

“We are taking every advantage to create a truly unique rooftop wellness experience with a natural feel for residents, offering stone features throughout and an underlying theme that emulates a botanical garden.”

The latest acquisition comes as S&amp;S Projects is at the completion of Esprit and construction continues on Radia, which are part of their significant portfolio undertaken by the company at Rainbow Bay since 2022.

The $215 million Radia, which comprises 38 apartments, is currently the flagship development by S&amp;S Projects at Rainbow Bay which is expected to be completed in 2027.

Jayde Pezet, of Pezet Matheson, which has managed sales and marketing for S&amp;S Projects across their Gold Coast portfolio, emphasised the developer’s commitment to continuous improvement and excellence.

“S&amp;S Projects continue to elevate the benchmark of luxury with each development," Pezet said.

“We have worked with S&amp;amp;S on their 4 other projects in Rainbow Bay and their approach reflects a team that is constantly learning, refining, and pushing the standard higher.

“Their hyper-local knowledge and deep expertise within the luxury property sector are what truly set them apart, allowing them to deliver projects that feel both globally sophisticated and authentically connected to their coastal environment”

S&amp;S Projects plans to officially launch its latest project at Rainbow Bay in the second half of this year.

“As we embark on our largest project yet, we have pulled out all stops to create another landmark development that truly reflects the relaxed southern Gold Coast lifestyle,” Gedoun added.

S&S buys $20m Rainbow Bay site for fifth beachside apartment project

Birchgrove

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Renovation queen Cherie Barber, who appeared on Channel 10’s The Living Room, secured $6.3 million for her Birchgrove investment waterfront.
It was bought by Cynthia and Julian Parisi, the former Goldman Sachs investment banker who heads the family’s wholesale fresh food business.
It sold after 50 days with a $6.5 million price guide.
The five-level home with four bedrooms, a home office, movie room and roof terrace, cost $4.05 million in 2014 before Barber undertook a renovation, which included relocating its internal lift to enhance the views.
This article was first published in the Saturday Daily Telegraph. 
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Renovation guru Cherie Barber sells Birchgrove waterfront to former Goldman Sachs banker Julian Parisi

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Hollywood film editor Richard Francis-Bruce, whose credits include Harry Potter and The Philosopher’s Stone, and wife Susan have bought in Birchgrove.
The California-based couple have spent $3.2 million on a four-bedroom semi designed by architect Howard Smith.
It was secured in an off-market transaction from Sydney Swans head doctor Tom Cross, who had paid $2.1 million in 2010.
Francis-Bruce initially worked at the ABC in Sydney in the 1970s but left Australia in the early 1990s.
The couple sold in Roseville at $480,000 in 1993.
This article was first published in the Saturday Daily Telegraph. 
 
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Hollywood film editor Richard Francis-Bruce buys in Birchgrove

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An architect designed waterfront apartment in Birchgrove, New South Wales has hit the market with a price guide of $5.3 million.
With panoramic views stretching from Drummoyne to Greenwich, the 562 square metre apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-birchgrove-131532190" target="_blank">1/36 Louisa Road</a> is one of only six apartments at the building created by SJB architects.
It comprises a private master wing, two additional ensuite bedrooms, media room or fourth bedroom, free-flowing living areas, marble kitchen and entertainer's vergola with direct access to a mosaic-tiled pool. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/15/birchgrove%202.jpg" alt="">
Other highlights of the apartment include private lift foyer, landscaped gardens, 30 metre frontage to the harbour, private marina berth, shared jetty, and secure parking for four cars.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/15/birchgrove%203.jpg" alt="">
It is set to go under the hammer on August 10. 
Mark Bowis and Danny Cobden of Cobden &amp; Hayson Balmain have the listing. 
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j.ballantyne1990-6AQqhLzZaK

Birchgrove trophy waterfront apartment hits the market 

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Renovation queen Cherie Barber, a regular on Channel 10’s The Living Room, has sold her five-level Birchgrove investment after 50 days on market.
It came with a $6.5 million price guide.
The <a href="https://www.propertyobserver.com.au/%20%20%20https:/www.realestate.com.au/sold/property-house-nsw-birchgrove-130960170" target="_blank">harbourfront home</a> with four bedrooms, a home office, movie room and roof terrace, cost $4.05 million in 2014.
Barber then undertook a full renovation which included relocating its internal lift to enhance the views.
Listed through Cobden &amp; Hayson agent Mark Bowis, the Louisa Road home has over 300 square metres of living space on its 210 square metre holding.
Barber has been getting $850 a night on Airbnb.
The Airbnb superhost conducts courses on how landlords can increase their rental income.
This article was first published in the Saturday Daily Telegraph.
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Renovation guru Cherie Barber sells modern Birchgrove waterfront

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Renovation queen Cherie Barber, a regular on Channel 10’s The Living Room and the Your Money network, is selling her five-level Birchgrove investment.
With a $6.5 million guide, Barber hopes to make a tidy profit on the 2009 built, four-level harbourfront.
Since spending $4.05 million in 2014, Barber has undertaken a full renovation.
She relocated the internal lift and moved the stairway to enhance the views.
Barber seeks a buyer through Cobden &amp; Hayson agent Mark Bowis.
Set on 210 square metre on the Louisa Road dress circle, the home has over 300 square metres of living space.
Barber, who says she loves the harbourside suburb, has been getting $850 a night on Airbnb.
“There are lots of little vintage stores and eclectic housing and I’m very much into retro,” she says.
Her property portfolio stretches from Mount Druitt to Byron Bay where, in 2014, she bought from jeweller John Calleija for $3.4 million.
This article was first published in the Sunday Telegraph. 
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Renovation queen Cherie Barber lists modern Birchgrove home

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Palazzo, a waterfront Sydney Habour residence with harbour views, has hit the market.
The two storey home has been offered by The Agency's Michael Rava and Scott Thornton. 
Positioned in Birchgrove's most exclusive cul-de-sac, <a href="https://theagency.com.au/16581/99-louisa-road-birchgrove" target="_blank">Palazzo at 99 Louisa Road</a> comes with two bedrooms, separate home office or third bedroom, and entertainer's kitchen.
Other highlights include wide alfresco terrace, C-bus Smart home control, permanent mooring with private jetty and boat pen, and auto lock up garage. 
It has been scheduled for auction on April 18. 
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Birchgrove harbourfront home Palazzo to go to auction 

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The Birchgrove home of the late legendary adman Paul Priday has been sold by his widow Margot.
The waterfront residence fetched $6.49 million after less than a week on the market. Set on 303 sqm on the dress circle Louisa Rd, it was designed by architect Keith Cottier.
The master wing has a dressing room, ensuite and upper deck. McGrath Balmain agents Cindy Kennedy and Marcus Hejtmanek had sought offers between $6 million and $6.5 million.
Priday, who died aged 71 in 2017, was the pioneering national creative director of J. Walter Thompson.
This article was first published in the Saturday Daily Telegraph.
 
 
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Late adman Paul Priday's Birchgrove home sold by widow Margot

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Brad McEwan, the former sports journalist at Ten now living in Melbourne’s Fitzroy, has sold his redundant Birchgrove terrace for $1.3 million.
McEwan bought the two bedroom home in 2007 for $685,000 when he took over from Ryan Phelan as Ten’s Sports Tonight presenter.
The two storey home had been listed by Cobden Hayson agent Danny Coden for March 23 auction with $1.2 million hopes.
McEwan, who now works in thought leadership, has owned a two storey terrace on 61 square metres in Fitzroy since paying $813,000 in 2014.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/12/birchgrove%202.jpg" alt="">
It was bought from the actor-turned-film producer Alexandra Davies.
The two-bedroom Rowntree Street semi on just 75 square metres has been fitted with recycled finishes.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/12/birchgrove%203.jpg" alt="">
This article was published in the Sunday Telegraph. 
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Former sports journalist Brad McEwan sells Birchgrove terrace

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The former Prudential and BankSA managing director Terence Jay and his wife, Karen - a former chief marketing manager at Advance Bank in Canberra - sold in Birchgrove at weekend auction.
<a href="https://www.realestate.com.au/property-house-nsw-birchgrove-127698362" target="_blank">The five-bedroom, four-level home</a>, they built in 2002 sold for $5,311,000, well above the $5 million reserve.
The Louisa Road house, with views of the Harbour Bridge, last sold 18 years ago for $1.1 million.  
Five balconies have since been built to take advantage of the harbour views. 
After an opening bid of $5 million, there was bidding between the four active bidders.
It comes with an 1100-bottle cellar.
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Former BankSA boss sells at Birchgrove

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Yerroublin, the Masterman family home at Birchgrove, has been sold after being marketed with $5.5 million hopes.
The <a href="https://www.realestate.com.au/property/9-numa-st-birchgrove-nsw-2041" target="_blank">1913 waterfront Federation</a> with original sandstone caves has four bedrooms, three bathrooms and a self-contained apartment.
Set on 719 sqm, the wraparound deck overlooks the garden with views across the Sydney harbour.
It's been in the Masterman family for over 50 years, offered to the market last month by Blah Blah Magazine blogger Cybele Masterman, who inherited it about 22 years ago.
Her father Nick Masterman was a renowned Balmain boat maker who built his first boat when he was just 13 and went on to become a foundation member of Snails Bay Sabot Sailing Club in 1962.
Nick took up an apprenticeship at Cockatoo Dock, where he was exposed to asbestos fibres. He won a rotary scholarship to Japan as a naval architect and was instrumental in reviving the Balmain Sailing Club and setting up the Balmain Sailing School.
One of Nick's greatest accomplishments was bringing Ena, one of Sydney's most elegant steamboats, back to her original grace and style. Nick was a Greens Leichhardt Council alderman between 1991 and 1993. He died in 1994 of mesothelioma.
One of those last remaining Federation homes at the northern end of the peninsula had been subdivided in 1978, selling half to the late ABC television producer Bruce Allen and his wife, former Leichhardt councillor Helen Styles.
This neighbouring semi was sold by Allen and Styles in 1996 for $1.15 million to medico Richard Levy and his wife Elizabeth who considered selling it all in one line earlier this year.
As a combined lot the Levys and Masterman were hoping to sell the 1337 square metre property for $11 million, but McGrath agent John Paranchi didn't get the double sale across the line.
This article was first published in the Sunday Telegraph.
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