The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Palm Beach

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Simmon Horauf, co-founder of Play Communications, and his wife, Lisa, have listed their contemporary weatherboard beach house with a price of $3.9 million to $4.25 million. 
It has been offered by David Edwards and Danielle Forde from LJ Hooker Palm Beach. 
Set a two-minute walk from Sandy Point Beach, the beach house situated at <a href="https://www.realestate.com.au/property-house-nsw-palm+beach-129824490" target="_blank">3B Iluka Road, Palm Beach </a>comes with master suite, four additional bedrooms, living area with open fireplace, chef's kitchen, and ample attic storage space.
<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/2018/11/22/palm%20beach%202.jpg" alt="">
Other highlights include lush lawns, saltwater pool, underfloor heating, built-in undercover BBQ and garden shed.
It's within close proximity to Sandy Point beach, Palm Beach boutiques, restaurants and cafes. 
The suburb's median house price sits at<a href="/developments/palm-beach-nsw-2108"> $2.85 million</a>, according to CoreLogic. Prices have dipped in the neighbourhood with 3 Pacific Road sold for $3.05 million, down on its $3.117 million sale in 2017.
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Sandy Point Beach house in Palm Beach listed 

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Vicki Jones, the former Nine Network programming executive, has listed in Palm Beach.
The Sunrise Road weekender was designed by Gerald Nettleton as his own holiday home before he sold it to Jones for $1,326,000 in 1997.
Set on 815 square metres, the three bedroom home with solid timber beams and double height ceilings has full length decks on both levels, one featuring an in-ground spa.
The fully self-contained lower level with its own entrance. 
LJ Hooker Palm Beach agents David Edwards and Danielle Ford have the listing. It comes with approval for a third level and additional guest accommodation.
Jones, who founded online store Hotel Luxury Collection, worked at Nine from 1974 until the late 1980s.
She was briefly made Nine's network star stylist after masterminding the wedding of James and Jodhi Packer in 1999.
Jones has previously been a director at The Sydney Festival.
This article first appeared in The Daily Telegraph. 
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Former Nine executive Vicki Jones lists in Palm Beach

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The former boss of the Packer casino empire Rob Rankin and wife, Paula have listed a hillside building block at Palm Beach with $4.2 million hopes.
Their redundant 720 square metres block, which is home to a few rabbits when I took a recent look, has been offered through L J Hooker agents David Edwards and Danielle Forde.
It comes with plans by architect Nanna Lesiuk for a pavilion-style beach house on the Pacific Place cul-de-sac holding.
The couple retain the neighbouring 1770 square metres property, Gullbullana that had been the home of the late Frank Markovic, who had the franchise for Gucci in the mid-1970s.
The Rankins picked up the neighbouring property four years after their 2006 Gullbullana purchase and have recently undertaken a subdivision of the adjoining property which sees them keep around 400 square metres and sell off the 720 square metres.
They also retain Woodlands, a colonial mansion in Woollahra, which was bought from adman John Singleton for $6,825,000 in 2003.
This article was first published in the Sunday Telegraph. 
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Former Packer casino empire boss Rob Rankin lists Palm Beach building block 

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A Palm Beach and Whale Beach compound of three titles totalling 11,200 sqm has hit the market with $9.9 million hopes.
The property, known as Carramar Estate, has been listed by retired flight attendant John Jenkins, who acquired the Palm Beach and Whale Beach adjoining properties over the last 40 years.
The two Palm Beach addresses, the most recent purchase are 824 Barrenjoey Road (1,612 sqm) and 826 Barrenjoey Road (1,625 sqm.)
The largest holding is 162 Whale Beach Road which spans 8,040 sqm.
826 Barrenjoey was the priciest, costing $800,000 in 2002. Jenkins had owned next door since 1995 when he paid $305,000.
Jenkins had paid $48,000 for half of the Whale Beach Road lot in 1976 when buying from the Douglas Lamb Wines family.
He added the adjoining block three years later for the same price due to the fact the neighbours kept chopping down trees which was ruining his privacy.
The sale through Ray White Palm Beach agent Noel Nicholson includes approval for a four lot subdivision.
 
 
 
 
 
 
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Near three acre compound spread across Palm Beach and Whale Beach for sale

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The Palm Beach market is sizzling heading into summer with another big ticket sale.
It was achieved in just 20 days too.
A caveat lodged shows the buyer to be Sydney property investor Victor Comino, who earlier this year bought the Pitt Street HQ of Washington H Soul Pattinson for around $100 million..
The <a href="https://www.realestate.com.au/sold/property-house-nsw-palm+beach-129750922" target="_blank">brick and tile home on its 1,220 sqm Ocean Road parcel</a> was offered for the first time since 1974.
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It has four bedrooms and two bathrooms across its two levels.
There are two living rooms on each level. The lower level space opens to the front terrace and lawn and to the rear courtyard. 
LJ Hooker Palm Beach agent Peter Robinson sold the home.
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jrobinson-rf4aSBido9

Palm Beach racks up another big sale as beachfront fetches $9.8 million

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Channel 10's Studio 10 personality Jonathan Coleman and wife Margot have sold their longtime Lindfield home.
They are the mooted buyers of the Palm Beach retreat of the former Qantas chief Geoff Dixon and wife Dawn.
The hilltop home with views over Pittwater, had been for sale at $3.95 million.
The couple secured $6.95 million from the sale at Lindfield.
It was 2007 when the veteran broadcaster Jonathan Coleman - who is an ambassador for Movember - spent $3.8 million on the Australian Idol house only to find the area had been rezoned in 2004 for apartments.
Coleman took the issue up with his real estate agent. "The estate agent's quote to us afterwards was 'buyer beware'," the Daily Telegraph reported back then.
He had to put. up with the apartment builds in the once suburban neighbourhood.
And he was approached many times through the years, selling only recently to a Chinese developer, Bullio Agricultural Holding 
The 2,085 sqm property on Beaconsfield Parade is approved for a 13 apartment low-rise development.
The Coleman's will no doubt have less to worry about in Palm Beach.
The Dixon's had paid $2,825,000 for the two storey, 1960s resort-style beach house on 700 sqm in 2010. They initially listed the home March last year, before re-listing earlier this year.
McGrath Avalon agents Jonathan Fletcher and James Baker quietly secured the sale after it slipped off listing websites over winter.
It featured in the Inside Out magazine after renovations by interior designer Kristy McGregor.
The article noted they'd purchased the home because its had "good bones with a great outlook over Pittwater."
"We thought it had huge potential to be a comfortable, stylish beach house,” Dawn said.
The home has four bedrooms, three bathrooms and an infinity pool overlooking the water.
It has rare level access.
The bi-fold glass doors opens onto vast timber deck and infinity pool and outdoor shower.
Coleman began broadcasting in the late 1970s when reporting for the popular children's TV magazine show Simon Townsend's Wonder World.
He moved back to the UK, where he was born, in the 1990s, and continued on the radio before moving back to Sydney in 2006. 
This article was first published in the Saturday Daily Telegraph.  
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Channel 10's Studio 10 star Jonathan Coleman buys Plan Beach retreat from Qantas chief Geoff Dixon

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A four bedroom, three bathroom trophy home at <a href="https://www.realestate.com.au/property-house-qld-palm+beach-128773070">241 Jefferson Lane</a>, Palm Beach has quickly gone under contract just days before going under the hammer on July 29.
There's been no revealed sale price.
But the 413 square metre holding was sold for $3.53 million through Ray White last February.
It is again being sold through Ray White.
Marketed by Troy Dowker as a '"magical abode to invest in everlasting memories with family and friends or a home for rejuvenation to create moments worth reminiscing" the home, set over two levels features a fenced beachfront yard and "designer finishes".
The house is close to many amenities including cafes, public transport and several schools.
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Jefferson Lane, Palm Beach trophy offering back on the market

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A north facing Palm Beach weekender house with vistas spanning the oceanfront and Pittwater has been sold for $3.4 million.
It was offered by Jonathan Fletcher from McGrath with $3.3 million price guidance.
Held by the one family for 56 years,<a href="https://www.realestate.com.au/sold/property-house-nsw-palm+beach-128543134" target="_blank"> 5 Florida Road</a> offered updated interiors, wide decks and a private position.
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It came with three queen-sized bedrooms with built-ins, gas equipped kitchen, family bathroom and tropical gardens. 
Other features include lime washed floors, ducted air, gas fireplace.
There was single garage plus driveway parking. 
It's just steps from Rock Bath Road pathway to the beachfront.
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 Palm Beach trophy home with ocean vistas sold for $3.4 million

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It's been a busy time at the top end of Palmie.
VGI Partners' Robert Luciano has been pinpointed as the mystery buyer of a newly built holiday home in Sydney's Palm Beach.
It was the Ocean Road townhouse style project of Hardie Grant chairman John Gerahty and wife Patricia.
It was listed with high hopes despite not having the land size of its near record setters.
The Manly Daily initially speculated the sale price was "around $20 million". The Australian Financial Review suggests $18 million although there is yet to be any available official documentation. Domain advised it was $19 million, having previously advised while an official guide was not released, buyers were expect to pay close to $22 million.
Luciano already has a weekender on Florida Road which he purchased for $3.3 million.
It has reportedly now been listed for sale with LJ Hooker and Christie's. Luciano, formerly of Caledonia Investments, started VGI Partners in 2008.
With a handy six car spaces, the Gerahty's home sits on 965 square metres which was part of the Deaton family's Tropique property before it was subdivided and sold off.
Christie's International agent Ken Jacobs calls it the pinnacle of Palm Beach.
Meanwhile hedge fund manager Paul Henry and his wife Belinda have sold the couple’s weekender through LJ Hooker Palm Beach where they were asking $15.5 million to $16 million.
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<div class="in-content-ad">It is the hillside 1600-square-metre property, overlooking both the Ocean and Pittwater, that was designed by Marchese Partners for the late property developer Ian Hayson.</div>
<div class="in-content-ad">Its been for sale for the past two-years. Henry, the co-founder and partner at Bennelong Asset Management, bought it in 2010 for $14 million.
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The suburb's top price officially was when Gretel Packer secured the family bungalow, on its well-shaded 4000 square metre beachfront reserve holding, in a transfer with a notional $24 million value.
It was 1981 when her father, the late media tycoon Kerry Packer broke through the beachside suburb's million-dollar threshold with his $1 million purchase of the Ocean Road holding from the MacCormick family, who had paid 12,000 pounds in 1952.
The $24 million figure ranks as Palm Beach's priciest as the prior high was the $22 million paid nearby by car dealer Laurie Sutton in 2012 for the trophy home, Kalua.
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Fund manager Robert Luciano pinpointed as mystery Palm Beach trophy home buyer

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Palm Beach's recent priciest listing has been sold.
It was <a href="https://www.realestate.com.au/sold/property-house-nsw-palm+beach-128167494" target="_blank">the Ocean Road townhouse style project </a>of Hardie Grant chairman John Gerahty and wife Patricia.
It was listed with high hopes despite not having the land size of its near record setters.
The Manly Daily speculate the sale price was "around $20 million".
With a handy six car spaces, the Gerahty's home sits on 965 square metres which was part of the Deaton family's Tropique property before it was subdivided and sold off.
One of the parcels went to Sydney Swans chairman and investment banker Andrew Pridham.
The Gerahty's had the four level home was completed just last month by Cadence and Co.
The no-expense spared build was designed to make the most of its north-facing position, with views to the Barrenjoey Lighthouse. 
The home has six bedrooms, a media room and separate guest quarters. 
Christie's International agent Ken Jacobs calls it the pinnacle of Palm Beach.
Jacobs says the natural beauty of Palm Beach and the lack of apartment developments have ensured continued appeal.
A $20 million sale would not be the highest Palm Beach since in 2016 Gretel Packer secured the family bungalow on its well-shaded 4000 square metre beachfront reserve holding in a transfer with a notional $24 million value.
It was 1981 when her father, the late media tycoon Kerry Packer broke through the beachside suburb's million-dollar threshold with his $1 million purchase of the Ocean Road holding from the MacCormick family, who had paid 12,000 pounds in 1952.
The $24 million figure ranked as Palm Beach's priciest as the prior high was the $22 million paid nearby by car dealer Laurie Sutton in 2012 for the trophy home, Kalua.
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