Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

Double Bay

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The InterContinental Sydney Double Bay five-star hotel Sydney’s eastern suburbs has been put up for sale with expectations of $150 million plus. 
The hotel is controlled by Ashok Hiranandani’s Singapore-based Royal Group Holdings, which owns a portfolio of hotels, shopping centres, office towers, industrial property and residential developments across the Asia-Pacific region.
A report in the Australian Financial Review, said Royal Group reportedly spent about $100 million refurbishing the 140-room hotel, said the report. UK hotel giant Intercontinental took over as operators in November 2014 after the refurbishment. 
The Cross Street property was bought in 2013 for $57 million by Hiranandani’s, Royal Hotels Australia. It had previously sold to the Valad Property Group for $81.5 in 2008. It will be Royal Hotels’ fifth in Australia.
The former Ritz Carlton Hotel-turned-Stamford Plaza was a hotspot for visiting royalty such as Princess Diana, Madonna, Sir Elton John and former US President Bill Clinton, before languishing. 
The marketing is being handled by JLL Hotels &amp; Hospitality CEO Craig Collins.
The property stands on a freehold site of more than 3670 sqm, with six retail tenancies and a 156-space underground public car park.
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Sydney's five-star InterContinental Double Bay listed

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TOGA has sold all 13 apartments in its new Double Bay development; ahead of the sales suite opening to the public.
The Hunter is a $50-million boutique-style development located on Cross Street.
The buyers were from its registered database of clients.
They sold within a fortnight of pre-marketing.
TOGA Development &amp; Construction Chief Executive Officer, Fabrizio Perilli said 10 of the 13 apartments sold to owner occupiers.
Double Bay’s newest luxury address will be anchored by a boutique ground-floor retail precinct with a mix of cafes, restaurants and wine bars in a nod to Double Bay’s European character.
The JPR Architects-designed building will feature a contemporary terraced facade with shuttered balconies above the retail precinct to create a European-inspired connection between the private and public domain.
Construction at is scheduled to commence in mid-2017 with completion expected in early-2019.
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TOGA sells out The Hunter at Double Bay

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Property developer Toga will build a luxury mixed-use development on Cross Street Double Bay named The Hunter.
The $50-million development will feature 13 apartments across six-storeys and will include a mix of one, two and three bedroom apartments.
Construction is scheduled to commence mid-2017 with completion expected in early 2019.
It will be anchored by a ground-floor retail precinct.
Fabrizio Perilli, Toga chief executive of development and construction said the development will create a haven for affluent purchasers looking to maintain a low profile yet live lavishly in the heart of Double Bay.
“Our vision is to create luxury apartment living akin to the style of urban living preferred in Paris, London or New York.
“The Hunter will enhance the urban fabric of Double Bay’s north precinct as well as meet the future needs of the community by adding diversity to the suburb’s dining scene."
The development will offer a 333sqm penthouse with north-facing district views.  
Sales begin later this month. Registrations of interest for The Hunter can be made <a href="https://www.thehunterdoublebay.com.au" target="_blank">here</a>. 
Toga Developments paid just over $11.2 million for 16 and 18 Cross Street in early 2015.
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Toga to develop luxury apartment property in Double Bay

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The redundant Double Bay harbourfront apartment of the boss of the Packer casino empire, Rob Rankin has sold amid all his distractions.
<a href="https://www.realestate.com.au/sold/property-apartment-nsw-double+bay-122784906" target="_blank">It had been listed through Christie's agent Ken Jacobs</a> with hopes of $4.95 million.
Initially listed in 2008 and then four months ago, the three-bedroom 275 sqm apartment is on the ground floor of Gladswood House, a sandstone residence near Redleaf Pool.
The 1850s-era Gothic mansion was converted into seven luxury apartments in the late 1990s.
Rankin and his wife, Paula retain Woodlands, a colonial mansion in Woollahra, bought from adman John Singleton for $6,825,000 in 2003. 
In 2006, the Rankins paid $7 million for a Palm Beach house that had been the home of the late Frank Markovic. They added a neighbouring Palm Beach property for about $5.7 million in 2010.
This article was first published in the Saturday Daily Telegraph.
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Rob Rankin sells Double Bay Gladswood Gardens apartment

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BrickX, a new innovative trading platform that offers part ownership of properties, has bought a two bedroom Double Bay apartment. The initial entry price for investors will be $95.
The new fractional ownership platform, that allows the online purchase and the sale of 'Bricks', have paid $1.305 million for the Ocean Avenue property.
The <a href="https://www.realestate.com.au/property-apartment-nsw-double+bay-123223142" target="_blank">recreated Art Deco apartment</a> in the heart of Double Bay is a mid level apartment with grand-timbered entrance foyer, high ceilings and a marble bathroom.
Raine &amp; Horne Double Bay selling agents Louise Snowden and Molly Bellemore described the home as 'a nod to Manhattan style'. There were three bidders including John Spender QC.
It last traded for $655,000 in 2010.
BrickX is offering an innovative way into the housing market for young home buyers, with fractional investments starting from as little as $67 in residential properties.
The Double Bay bricks will be initially priced at $95. The settlement date for the first buyers will be late October. There is debt funding on the acquisition. Its expected rent will be $850 a week.
Anthony Millet, the BrickX chief executive, said they were working towards having 100 properties. A waiting list has been commenced for potential investors in the Double Bay investment trust.
To read more about BrickX, click here.
 
 
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BrickX purchase Double Bay apartment 

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The longtime Double Bay home of the late Commonwealth Games chief, and boxing official, Arthur Tunstall has been sold for $3.17 million to the developer Henry Handaru, founder of GBE Property.
The modest freestanding property has been listed with reported expectations between $2.1 million and $2.2 million.
The 200 sqm South Avenue property last traded when bought by Tunstall's father-in-law in the 1940s for £420.
It was then a single storey worker’s cottage, but now two storey, four bedroom home.
Tunstall, who met his future wife, Peggy at nearby Redleaf Pool, moved in around 1950.
Tunstall, who died in February, had been listed in the Sport Australia Hall of Fame as a "pioneer voluntary sports administrator."
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Arthur Tunstall's Double Bay home sold

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A charming top floor apartment in the Maranoa building in Double Bay has been listed for sale.
The <a href="https://www.realestate.com.au/property-apartment-nsw-double+bay-122731850">listing is </a>set at the rear of a non-waterfront block of seven.
The Gladswood Gardens apartment has three bedrooms, two bathrooms and a balcony off the living and dining area.
The interiors have been updated throughout, balancing traditional and contemporary styles.
The property is advertised by Laing + Simmons Double Bay agent Wayne Yates.
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Double Bay trophy apartment listed

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The top sale of the week was a three bedroom apartment Sydney's Double Bay, according to CoreLogic RP Data. 
The property, 5/16 Court Road, Double Bay, (above) sold for  $4,510,000 through Agency by Alison Coopes.
 
CORELOGIC RP DATA TOP TEN SALES
5/16 Court Road,  Double Bay, NSW  3 bed, 3 bath, 2 car unit  $4,510,000  Agency by Alison Coopes 
24 Elwin Street,  Strathfield, NSW  5 bed, 2 bath, 2 car house  $4,510,000  Strathfield Partners  Strathfield 
14 Richmond Road,  Seaforth, NSW  5 bed, 3 bath, 2 car house  $4,325,000  Clarke &amp; Humel Property  Manly 
8 Rutherford Avenue,  Burraneer, NSW  4 bed, 3 bath, 2 car house  $4,220,000  Highland Property Agents  Cronulla 
6 Leighton Court,  Toorak, Vic  3 bed, 4 bath, 2 car house  $4,200,000  Melbourne Residential Real Estate Southbank 
52 Lady Penrhyn Drive,  Beacon Hill, NSW  4 bed, 5 bath, 2 car house  $3,965,000  Smile Real Estate  North Sydney 
131 George Street,  Avalon Beach, NSW  4 bed, 4 bath, 2 car house  $3,775,000  Raine &amp; Horne  Palm Beach 
1801/3 Kings Cross Road,  Potts Point, NSW  3 bed, 2 bath, 2 car unit  $3,550,000  Richardson &amp; Wrench  Elizabeth Bay/Potts Point 
155 Peninsula Drive,  Breakfast Point, NSW  4 bed, 2 bath, 2 car house  $3,250,000  Raine &amp; Horne  Concord 
131 Sir Bruce Small Bvd,  Benowa, Qld  5 bed, 6 bath, 5 car house  $3,000,000  Ray White  Broadbeach
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Double Bay apartment leads CoreLogic RP Data's top ten sales

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Downsizing art dealer Marlene Antico sold her 1930s Double Bay apartment for $1.3 million.
The cosy three bedder was on the fourth floor of the 1930's Princeton art deco block. 
Around $1.2 million had been tipped for the apartment at the rear of the New South Head block.
It sold through James Dunn at Richardson &amp; Wrench Double Bay.
Antico bought the 125 sqm apartment in 2012 for $840,000, having sold her Bellevue Hill apartment for just over $1 million.
Her next gallery exhibition features the works of her son Chris Antico.
 
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Marlene Antico sells in Double Bay

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Historic Double Bay estate Elaine has become the most expensive property in Sydney after agents set an official price tag of $80 million.
The trophy home, which sits over 6900 sqm on the harbour, has been on the market for two years and would set a new Australian price record.
<img src="/images/2016/02/08/point-piper-feb-25-one.jpg" alt="">
The current record stands at $70 million, set last August with the sale of the Vaucluse mansion of billionaire James Packer.
The estate fronting Seven Shillings Beach has been rebranded as Elaine Gardens, given it is now also an approved multi-home development site.
“It is eligible to be purchased by foreign non-residents,” Ken Jacob’s of Christie’s International Real Estate advised.
“It is one of the world’s most exciting development opportunities,” he said.
The estate was listed for sale in late 2013 with a Fairfax Media report of a $100 million price estimate that was an ill-informed estimate by another estate agent.
For more than 125 years it has been in the hands of the Fairfax family.
Its vendor, businessman John B. Fairfax says, while the property has had not been short of suitors, he deemed it necessary to get approval of development plans, “ensuring a respectful outcome for their treasured estate while delivering certainty for buyers.”
“We had hoped, and still do hope, the property would sell in a single line,” John Fairfax said.
“Over a number of months there has been limited appetite for this.
“Having grown up in the house it has always been my intention to manage the current process in a careful and responsible way.“
<img src="/images/2016/02/08/doublke-bay-sept-18-one.jpg" alt="">
As a four lot subdivision, Ken Jacobs has also suggested an anticipated price range of $25 million to $27.5 million for each of the two new harbour front sites, $13 million to $14 million for the Elaine homestead block and $4 million to $4.4 million for the coach house.
The option of subdividing the 6,900 square metre estate has been on the books since a 1980s council approval for subdivision.
To watch the video showcasing Elaine, <a href="https://www.propertyobserver.com.au/https://vimeo.com/149120164" target="_blank">click here</a>.
This article was first published in The Saturday Daily Telegraph. 
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