A long-stalled Mermaid Beach development site opposite Pacific Fair, previously earmarked for a twin-tower project, is set for a fresh development push with plans for a major mixed-use residential tower.&nbsp;

Billionaire garbo Ian Malouf's development company, REMI Residences, is proposing Project Elegance, a 44-storey tower with over 270 residential apartments and 88 short-term accomodation units at&nbsp;2065 Gold Coast Highway, Mermaid Beach, on the corner of Mermaid Avenue.

Malouf paid $23.76 million for the 3,783 sqm site in 2022, six years after it traded for $34.1 million when it was bought by Hubei United Investment Group.

 
<img alt="First Look: REMI Developments plans major mixed-use tower with 360 apartments at stalled Mermaid Beach site" data-entity-type="" data-entity-uuid="" data-widget="image" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Beach%20da%20podium.png?VersionId=yRYSSPItvCA5ZeQ49LlwkQYVn7OhEqIC" /><img alt="" data-entity-type="" data-entity-uuid="" draggable="true" height="15" role="presentation" src="data:image/gif;base64,R0lGODlhAQABAPABAP///wAAACH5BAEKAAAALAAAAAABAAEAAAICRAEAOw==" title="Click and drag to move" width="15" />

&nbsp;

The design statement by DKO says Project Elegance "represents a holistic response to its coastal and urban context. It draws upon site, climate, and landscape to create a composed architectural outcome that prioritises occupant experience, public interface, and long-term viability via vibrant and active uses."

They say the subject site&nbsp;occupies a distinctive island parcel with three street frontages and prominent visual exposure to passing visitors.

"This unique position allows the development to form a panoramic dialogue with water and city, setting the foundation for a climate-responsive, site-specific architectural expression.&nbsp;The podium base, inspired by the region’s sandstone headlands and coastal setting, and adopts a sculpted and grounded character that provides a stable counterpoint to the slender tower above."

&nbsp;

<img alt="First Look: REMI Developments plans major mixed-use tower with 360 apartments at stalled Mermaid Beach site" data-entity-type="file" data-entity-uuid="4f088e10-6493-49d4-83cd-10fc039318ac" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Beach%20da%20tower.png?VersionId=Sbglj0tNBqyvY5V_DlVH.bvjXi8kBbfl" />

Residents and guests would have access to multiple communal recreation levels. Plans include a shared recreation deck on level six, with a pool and three padel courts. There will be a residential-only pool on level seven, and an upper-level communal space only accessible by those buyers towards the top of the tower.

&nbsp;

Ground-floor commercial spaces are proposed to operate between 5am and midnight, contributing to an activated street frontage along the busy Gold Coast Highway corridor.

The site sits within the High Density Residential zone and a Light Rail Urban Renewal Area, where planning policy encourages higher-density development close to transport infrastructure and services. The planning report states the project aims to “ensure the efficient reuse of this centrally located property” and support the transformation of inner-city areas into “more vibrant, compact, interesting, connected and active” precincts.

&nbsp;

The proposal marks the latest attempt to unlock the high-profile parcel, which previously carried approval for the “Elegance” twin-tower development, a project that included more than 500 apartments but ultimately stalled after sales activity ceased in 2019.

REMI Developments has been increasingly active in the Gold Coast property market, with the Malouf-led group positioning itself around premium residential and lifestyle-focused projects as the region continues to attract both interstate buyers and international interest.

Malouf is one of Australia's most impressive entrepreneurs, having sold his waste business fore more than $500 million, having started only with a small truck at 18 years old.

Joel Robinson

First Look: Billionaire Ian Malouf plans Mermaid Beach tower

A State Significant Development proposal from Ecove Group could see two high-rise residential towers developed above an ALDI-anchored retail podium in Gordon.

The 28-storey towers, dubbed Eight 10, would become the tallest in the sleepy Upper North Shore suburb, which has been stirred by changes to the Low to Mid-Rise Housing Policy aimed at triggering greater density around transport hubs.

Ecove Group’s plans for 810 Pacific Highway, a 2,357 sqm site around 400 metres from Gordon railway station, include 180 apartments, 39 of which would be dedicated as affordable housing.

Architecture firm PBD said in its Design Report the site "presents an exciting opportunity to positively contributes to the surrounding context, enhances the overall urban experience."

<img alt="First Look: Ecove lodges State Significant Development plans for dual-tower “Eight 10” project at 810 Pacific Highway, Gordon" data-entity-type="file" data-entity-uuid="e50141fa-fb0b-44b3-bf9b-c6d87b993c3b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Eight%2010%20podium.png?VersionId=YTgQPBxNnmQwr6x2AJSpVZ1COqa.9oLQ" />

The site previously received approval for a development comprising 56 apartments above retail in 2018.

PBD noted in its report that the planning&nbsp;context for the site has "evolved significantly since the original consent was issued."

In April 2024, the Department of Planning, Housing and Infrastructure (DPHI) identified the site as being located within a Transport Oriented Development (TOD) precinct. In parallel, Ku-ring-gai Council progressed a preferred planning framework for Gordon Town Centre, including proposed amendments to the Ku-ring-gai Local Environmental Plan 2015 (KLEP 2015).

<img alt="First Look: Ecove lodges State Significant Development plans for dual-tower “Eight 10” project at 810 Pacific Highway, Gordon" data-entity-type="file" data-entity-uuid="cf65fb26-a163-41ea-a4d3-8ddbeabd67e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Eight%2010%20MAP.png?VersionId=vrQJzXSg3xRH.APBmtth5mA2adPmUPjc" />

PBD said the proposed development "responds to the amended KLEP 2015 and, in addition, seeks to utilise the floor space ratio and height incentives available under Chapter 2, Part 2, Division 1 of the State Environmental Planning Policy (Housing) 2021."

Late last year the first project in Gordon through the NSW Government's Housing Delivery Authority was approved. That was for 106 apartments across two connected seven to eight-storey buildings.

Ecove plans 28-storey apartment towers in Gordon

<a href="https://www.apartments.com.au/developers/graya">Graya</a> has set its sights on one of Brisbane’s scarce remaining riverfront development opportunities.

They have spent $17 million on an 810 sqm site across 16-18 Sandford Street, where it is planning SILK, a 15-storey apartment tower with just 22 apartments.

Planning documents outline a single tower designed to take advantage of the site’s northerly outlook toward the river and Brisbane CBD.

There will be eight two-bedrooms and 14 three-bedroom apartments on offer, each either half- or full-floor.

<img alt="Graya" data-entity-type="file" data-entity-uuid="059e1aa4-695c-4556-bafa-e8b5970c06f5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-12%20at%203.07.50%E2%80%AFPM.png?VersionId=tEqwv_m8HYhrXSCStOMFHvGZZ5WgKfEx" />

&nbsp;

According to the Town Planning Assessment, the proposal "showcases a high quality architectural and landscape design outcome that is enhanced by the amenity of the Brisbane River… and provides a subtropical design response that celebrates Brisbane’s climate and lifestyle.”

Ground level includes landscaped communal areas facing the river alongside a gym and outdoor garden space, while the rooftop terrace will feature multiple leisure amenities like swimming pools,&nbsp;dining and barbecue facilities, as well as outdoor relaxation and yoga spaces.

<img alt="Graya" data-entity-type="file" data-entity-uuid="93982dbb-9f27-409b-a319-bd6f458f9ea7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-12%20at%203.09.05%E2%80%AFPM.png?VersionId=gCaaW82pEBxMvXkVkEm4TC_o7_UXA82p" />

Architecturally, the tower form draws inspiration from the movement of water along the river edge. Design documentation describes the building as “a form sculpted by flow, shaped by shifting water,” with curved forms, varied materiality, and sculptural elements used to soften the building’s visual bulk. Sandstone, an iconic material throughout St Lucia, is reinterpreted through a mix of refined and split-face textures across the façade.

The Sandford Street frontage is intended to present an articulated façade featuring vertical landscaping and sculptural architectural elements, helping the tower integrate with the evolving high-density character of the riverfront strip while maintaining visual interest from both the street and river corridor.

Graya has continued to expands its footprint across South East Queensland, with projects under construction across both Brisbane and the Gold Coast.

GRAYA unveils plans for SILK in St Lucia

Less than five months after submitting plans to redevelop the former Cadbury office on St Kilda Road into a luxury apartment tower, development giant <a href="https://www.apartments.com.au/developers/dexus-property-group">Dexus</a>&nbsp;has been given ministerial approval to push on with the project.

Apartments.com.au <a href="https://www.apartments.com.au/news/vic/first-look-dexus-joins-st-kilda-road-apartment-ranks-with-gateway-tower-proposal">revealed the plans in October last year</a>.

The approved project will see the 19-storey office building at 636 St Kilda Road replaced with a <a href="https://www.apartments.com.au/architects/bates-smart">Bates Smart</a>-designed tower delivering more than 400 new apartments at the prominent intersection of St Kilda Road and Queens Road.&nbsp;

The design responds to the site’s gateway position at St Kilda Junction, with Bates Smart describing the tower as a “refined and sculptural built form that mediates between the scale of St Kilda Road and Queens Road,” reinforcing a civic presence at the key intersection.&nbsp;

<img alt="First look: Dexus joins St Kilda Road apartment ranks with gateway tower proposal" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-10-06%20at%2012.52.37%E2%80%AFPM.png?VersionId=Tq3yyOWe0e0klvy5j4TIjiZT7yd3f1Xk" />

The development will comprise 402 apartments, including 40 studios, 87 one-bedroom, 203 two-bedroom, and 66 three-bedroom residences, alongside six penthouses. The project will also incorporate active frontages, new pedestrian through-links and a landscape strategy designed to integrate with the boulevard character of St Kilda Road.&nbsp;

Public realm improvements form part of the approved scheme, including a 138 square metre linear park, extensive landscaping and approximately 188 metres of active street frontage intended to improve permeability and safety at ground level. Four basement levels will provide 449 car spaces and 120 bicycle spaces.&nbsp;

The project includes a $9.6 million contribution to the Social Housing Growth Fund, equivalent to three per cent of the project’s estimated development cost, supporting broader affordable housing initiatives across Victoria.&nbsp;

<img alt="First look: Dexus joins St Kilda Road apartment ranks with gateway tower proposal" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/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/St%20kilda%20rd%20site.png?VersionId=m_ZioKYhwkvekE3ZUF6y7bz.5_5yFPnZ" />

Wholesale Australian Property Fund (DWAPF) Fund Manager Chris Davitt said the residences are intended to appeal to a broad mix of buyers seeking proximity to the CBD and surrounding amenities.

“We’re excited about the potential of the project to contribute new residential supply to one of Melbourne’s most sought-after areas,” Davitt previously said. “The landmark site at 636 St Kilda Road is at the gateway to Melbourne’s CBD, offering sweeping views and exceptional connectivity.”&nbsp;

The site’s three street frontages, St Kilda Road, Queens Road and Queens Lane, allow for generous setbacks and a flexible built form, while its proximity to the ANZAC Station tram-rail interchange and the St Kilda Road cycling corridor positions it within one of Melbourne’s most connected inner-city precincts.&nbsp;

St Kilda Road has become one of Melbourne’s most active apartment corridors in recent years, with projects such as Victoriana, The Muse and St Boulevard already completed overlooking Albert Park Lake, while Gamuda Land continues construction on Fareham and several other developments are planned nearby.&nbsp;

Dexus secures ministerial approval for St Kilda Road apartment tower

Just a few months after launching to the market,&nbsp;<a href="https://www.apartments.com.au/developers/gold-partners-australia">Gold Partners Australia</a>&nbsp;has sold 75 per cent of the apartments at&nbsp;Harmony on Broadbeach, its debut Gold Coast apartment development.

<a href="https://www.apartments.com.au/new-apartments/harmony-on-broadbeach-2797-gold-coast-highway-broadbeach-qld-4218">Harmony on Broadbeach</a>, which will rise 33 storeys on the corner of First Avenue and the Gold Coast Highway about 400 metres from the beach, will deliver a collection of two and three-bedroom apartments designed to appeal to a mix of local owner-occupiers, interstate buyers, and investors seeking newer stock in the tightly held Broadbeach market.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/dbi">DBI Architects</a>, Harmony will home just over 100 apartments, with a typical floorplate limited to four apartments per level. The configuration allows for larger layouts and greater privacy compared to many higher-density coastal towers.

[smartcode_project:default project_id=113098 project_image_fid=355608]

The residences comprise generous two and three-bedroom apartments with open-plan living areas, large balconies and floor-to-ceiling glazing designed to maximise natural light and capture views across the ocean, hinterland and Broadbeach skyline. Interiors feature natural stone benchtops, engineered timber flooring and Miele appliances, with finishes intended to reflect the coastal character of the surrounding area.&nbsp;

Amenities are centred on a dedicated wellness offering, including a 20-metre swimming pool, spa, sauna, gymnasium and yoga lawn, alongside communal lounges, private dining areas and outdoor barbecue spaces for residents. The building will also include a hospitality venue at street level, activating the ground plane along the Gold Coast Highway.&nbsp;

[smartcode_project:default project_id=113098 project_image_fid=355611]

Olympus Property Group is handling sales for the development. Director Deanna Lockett said the project has resonated with a wide buyer pool drawn to the combination of location and pricing.

“There’s been nothing new come to the market in <a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> at this price point for nearly a year,” Lockett said. “It hits the sweet spot of affordability, good sized apartments, in a great location.”&nbsp;

Broadbeach remains one of the Gold Coast’s most established lifestyle precincts, with residents within walking distance of the beach, dining along Surf Parade, Pacific Fair Shopping Centre, and the Gold Coast Convention and Exhibition Centre. The suburb has seen limited new apartment supply over the past year, contributing to strong early demand for Harmony.&nbsp;

Construction is due to commence in Q2 2026, with completion targeted for late 2028, as Gold Partners Australia expands into the Gold Coast market alongside its established pipeline in New South Wales.

[smartcode_project_cta:default project_id=113098]

Harmony on Broadbeach races to 75 per cent sold as Gold Partners Australia target construction commencement

Terrace Sale

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A two-level Carlton home, listed for sale at $2.3 million, has been quickly sold.
The 100 Barkly Street terrace was significantly rebuilt in the 1890s with an elaborate baroque façade, but had previously been an 1850s cottage owned by Patrick Costello, the great-great grandfather of high profile descendants, brothers, Peter and Tim Costello.
It last sold in 1984 at $80,500.
It was once the home of Di Gribble, the late publisher.
Agents Nicholas West and Charlie Barham from Nelson Alexander secured the sale.
According to CoreLogic, the suburb's median house price is $1.47 million. 
This article first appeared in The Weekend Australian.
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Two-level Carlton terrace sold

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2017 saw a continued trend across Sydney's inner city suburbs where dilapidated terraces hit the market.
Some with no internal walls or ceilings, the DIY and small time developers were primed to pay top dollar purely for the location and land size.
Property Observer has given a run down of the top five run down inner city terrace sales of 2017.
  
1. <a href="https://www.realestate.com.au/sold/property-terrace-nsw-surry+hills-124937998" target="_blank">102 Reservoir Street</a>, Surry Hills - $2,111,000.
<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/2017/12/8/res1.jpg" alt="">
Kicking off the year of the run down terraces was a windfall result at Reservoir Street.
In slightly better shape than some of the others, the four bedroom terrace sold for over $2.1 million.
BresicWhitney's Michael Kirk and Lincoln Westerman sold the home.
They said the old terrace was a project home to suit the true visionaries, however suggested its perhaps dilapidated enough to deter any dreamers.
There was a north-facing courtyard on the 123 sqm corner block.
 
2. <a href="https://www.realestate.com.au/sold/property-house-nsw-darlinghurst-126288502" target="_blank" style="font-size: 12.16px;">141 Womerah Avenue</a>, Darlinghurst - $1,885,000.
<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/2017/12/8/dump10.jpg" alt="">
The dilapidated Darlinghurst terraces saw potential buyers carefully streaming over its slightly perilous wooden floorboards before during the inspections.
The four bedroom home, that dates back to the 1890s, was listed with $1.75 million hopes through James Peach at Ray White.
It features an original floorplan spanning two levels on the 108 sq m block.
It last sold in 1955 when machinist Humbert Teuma paid £3,150.
Aspiring owner-builder Luke Hickel inspected the Darlinghurst offering, but just to research values and costs.
He agreed with the estimate from the listing agent James Peach that $500,000 plus would be needed to bring the terrace up to scratch.
We have a video from the auction here.
 
3. <a href="https://www.realestate.com.au/sold/property-house-nsw-surry+hills-126699394" target="_blank">148 Reservoir Street</a>, Surry Hills - $1.7 million.
<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/2017/12/8/dump1.jpg" alt="">
The terrace on Reservoir Street hadn't traded in over three decades before its November sale.
A transformation of the home had begun but was never finished, so there were newer elements to the attic and staircase.
BresicWhitney Darlinghurst agents Lincoln Westerman and William Phillips had a buyers guide of $1.5 million.
The home last sold for $85,000 in 1985.
 
4. <a href="https://www.realestate.com.au/sold/property-house-nsw-surry+hills-126489002" target="_blank">43 Waterloo Street</a>, Surry Hills - $1.6 million.
<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/2017/12/8/Dump3.jpg" alt="">
One of the most staggering results was another Surry Hills terrace, which sold for $1.6 million after just five days of marketing.
The home, completely dilapidated with missing ceilings and floors, was sold through Bresic Whitney Darlinghurst agents Darren Pearce and Romany Brooks.
The wide terrace, which was a four bedroom, two bathrooms house, is set on a 150 sqm Waterloo Street parcel in the heart of Surry Hills.
It was advertised as having limited access for inspections.
Recently $70,000 was spent on installing beams to support the ceiling and staircase.
Rubbish and household items were also removed in the process.
The home had been vacant for the last decade, with neighbours complaining about rubbish pile up.
 
5. <a href="https://www.realestate.com.au/property-house-nsw-redfern-127020598" target="_blank">544 Elizabeth Street</a>, Redfern - $1.11 million
<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/2017/12/8/dump5.jpg" alt="">
The most recent sale of an inner city dump was in Redfern where a terrace fetched $1.1 million at its recent December auction.
Ray White agents James and Teresa Natoli were marketing the home as an exceptional opportunity on a generous footprint in a prime location.
They had an auction guide of $900,000 to $950,000. Teresa said told realestate.com.au that there was no access approved to the site.
"The property is being offered to market in unliveable condition and requires a rebuild," their marketing said.
It last sold for $143,000 in 1991 and has been vacant for the last decade.
 
 
 
 
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jrobinson-rf4aSBido9

The five inner Sydney terrace dumps that all fetched over $1 million in 2017

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Courtyard House, the Paddington terrace recreated by Amelia Holliday of Aileen Sage Architects and husband David Lakes of Lochbuild, has been listed for auction.
The couple paid $1.6 million for the dilapidated Comber Street home in 2010 and went about creating the new residence.
Built with a clever use of space, the home on 240 square metres is being marketed as having a cutting-edge design and sleek urban aesthetic.
It has four bedrooms, two bathrooms and a formal and informal living areas that open to a north facing garden.
The Agency's Ben Collier has set a November 4 auction date.
Holliday is the co-director of Aileen Sage Architects and Lakes is the director of construction company Lochbuild.
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firstname1-iYD4UYzvBa

Converted Paddington terrace to go under the hammer

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A sweeping trend across Sydney's inner east suburbs are sales of dilapidated terrace.
In need of full renovations of at least a couple of hundred thousand dollars, the homes are still fetching $1.5 million plus.
The latest to hit the market is a <a href="https://www.realestate.com.au/property-house-nsw-surry+hills-126699394" target="_blank">terrace on Reservoir Street</a> that hasn't traded in over three decades.
Last sold for $85,000 in 1985, the three level terrace isn't completely run down.
A transformation had begun but was never finished, so there are newer elements to the attic and staircase.
BresicWhitney Darlinghurst agents Lincoln Westerman and William Phillips have set a buyers guide of $1.5 million for its November 18 auction.
Last month another Surry Hills terrace, in a state of almost disrepair with missing ceilings, sold for $1.6 million in five days.
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Another dilapidated Surry Hills terrace hits the market

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Renae Leith-Manos, founder of heatlh, fitness and lifestyle blog Bondi Beauty, has quickly flipped her rebuilt 1890s Paddington terrace.
She paid $2,325,000 for the three bedroom, two bathroom terrace last year and has just completed the transformation, with a $4,035,000 sale achieved in just days of it hitting the market.
Marketed as a London style terrace, the home now comes with four bedrooms, three bathrooms with features finishes sourced from around the world.
Phillips Pantzer Donnelley agents Alexander Phillips and Gavin Lewis had set a late August auction date.
Manos wrote the book A Red Carpet Guide to Sydney.
This article first appeared in the Daily Telegraph.
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Lifestyle blog founder Renae Leith-Mano sells Paddo reno

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Craig Garvin, boss of French-owned dairy company Parmalat, has settled on a revamped Paddington terrace.
The $7.2 million sale makes the contemporary residence the second most expensive in the suburb this year.
The home, which is set up for busienss and residential, has five bedrooms, five bathrooms and a vast office space on the ground level.
It last traded for $3.6 million in 2007. Craig and wife Linda have just sold their long-time Chatswood home pre-auction. It cost $1.14 million in 2005.
Agent Harriet France sold the home, advertising it as "melding Palm Springs modernism with Manhattan sophistication."
Garvin has been the chief executive officer at Parmalat since 2010.
Before joining Parmalat he held senior positions at Star City Hotel and Casino, Arnotts Biscuits and PepsiCo.
This article first appeared in the Daily Telegraph.
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Parmalat boss Craig Garvin buys revamped Paddington terrace

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A four bedroom Newtown, NSW Victorian terrace listed with $3 million plus hopes sold on the weekend for $3,520,000 through Urbane Inner West.
Located at <a href="https://www.realestate.com.au/property-house-nsw-newtown-125790158" target="_blank">33 Georgina Street</a>, the 321 sqm property is situated high on Newtown’s dress circle opposite Hollis Park.
Built in 1885, it was bought in 2011 by Nikki and Benje Kemp for $2.37 million.
It had previously sold in 2001 for $1.35 million, 1999 for $1.065 million and $632,000 in 1994 and in 1987 for $220,000.
The living and dining rooms are warmed by marble gas fireplaces while the chef’s kitchen has it’s own gas cooktop as well as marble and timber 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/2017/07/10/33%20Georgina%20Street-2.jpg" alt="">
The master suite features a dressing room, balcony and spa bath while the top level has space for a bedroom, ensuite and kitchenette.
The ground level self-contained apartment has its own private entrance and study.
Other features includes a deck, sandstone courtyard and garage.
The auction is on July 29 through Urbane Property agents Prue Holcombe and Charles Bailey.
A historic Newtown home has been listed with record setting $5 million plus hopes.
The 131-year-old home at 20-28 Munni Street goes to auction on August 19. 
 The 622-square-metre block is one of Newtown’s largest single landholdings. There is a four-bedroom, three-bathroom house built in 1876.
The house last traded in 1988 for $368,000.
Musician Lara Goodridge holds the record with her recent purchase of a terrace on Watkin Street Newtown for $3.8 million.
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Four bedroom Newtown terrace sold

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Splendour in the Grass co-founder Jessica Ducrou and her surfboard shaping partner Dain Thomas have bought in Paddington.
They've paid $3.65 million for a <a href="https://www.realestate.com.au/sold/property-house-nsw-paddington-125252890" target="_blank">renovated Glenmore Road terrace</a>.
More than doubled in price since its last $1.75 million trade in 2013, the three level home is a mix of contemporary and classic.
It has four bedrooms and two bathrooms.
The top floor is dedicated to the master retreat and the lower-level living and dining space is flanked by a courtyard at both ends.
<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/2017/07/Splendour2.jpg" alt="">
Di Jones Eastern Suburbs agents Jane Schumann and Gary Sands sold the home.
The couple have been Byron Bay based at their historic 109 year old farmhouse Killarney.
The two level Queenslander had five bedrooms and an entertaining deck that overlooked the saltwater pool and large cabana. 
Ducroe is the managing director of Secret Sound Group, a company that she runs with music industry veteran Paul Piticco.
The two first combined over 20 years ago, working with Australian rock band Powderfinger.
Piticco was the bands manager and Ducrou was the booking agent.
The two were described by Billboard as two of the Australian music industry's top power players.
In 2001 the two combined to launch Splendour in the Grass in Byron Bay, with Powderfinger headlining the inaugural show.
The following year the two founded Secret Sounds, a full-service tour promotor which is now valued at around $60 million.
Ducroe had founded Homebake Festival in 1996.
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Splendour in the Grass co-founder buys in Paddington

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Sydney's most stylish mother-daughter fashionista duo, Claudia and Vivian Chan Shaw, have sold their Woolloomooloo terrace after three decades of ownership.
It was the <a href="https://www.realestate.com.au/sold/property-terrace-nsw-woolloomooloo-125560202" target="_blank">Dowling Street headquarters</a> where they ran their knitwear fashion business.
Vivian Chan Shaw, who began her fashion career in the 1960s, was the queen of Australian knitwear. She had her first salon under the Sydney Hilton in the early 1970s and then a store in the Queen Victoria Building for 28 years until 2014.
Claudia Chan Shaw appeared for many years as a panellist on the ABC series Collectors.
With period features including lacework, high ceilings and sandstone wall components, it sold for $2.21 million through Geoff Cox and Jason Boon at R&amp;W Elizabeth Bay.
The four level Victorian terrace zoned commercial mixed use last sold in 1987 for $180,000.  
This article first appeared in the Sunday Telegraph.
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Legendary knitwear queen Vivian Chan Shaw sells Woolloomooloo terrace

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Despite spending more time back in Italy, veteran magazine publisher Marcello Grand has bought back into the Sydney market, settling on a redesigned Victorian terrace in Paddington.
It's a investment rental for Grand however, who paid $2,215,000 for the home revamped by interior designer Thomas Hamel.
There are whispers Grand is already planning a renovation.
It has three bedrooms, one bathroom, a dressing room and a rear courtyard that flows from the stainless steel kitchen and dining area.
Two of the bedrooms have balconies while the third acts as an attic retreat.
Ray White Double Bay agent Peter Leipnik sold the home which is now up for rent at $1,350 a week, which would reflect a three percent yield.
It was 1983 when Grand established Studio Magazines. 
His first magazine was Studio Collections was a womens' fashion magazine with the Black + White magazine its most known after launched in 1992 and published until 2007. 
Having studied at Turin University, Marcello had previously worked as an architect and advertising consultant.  
Grand sold his renovated Darling Point penthouse for $3,525,000 late last year. He paid $1.4 million for the unit in 2012 from former Double Bay Art Gallery director Alan Winters.
 
 
 
 
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