Lavish penthouse sets a record price in Armadale

Market Insights
2 years ago
3 minutes

A double-storey penthouse spanning nearly 1,000sqm of luxuriously appointed sky-living in leafy Armadale has sold for an incredible $15m - breaking the record for the most expensive apartment ever sold within the affluent suburb. The incredible apartment is also the new record holder as the third-highest residential sale on record. 

This Armadale apartment sale marks one of the highest prices paid for an off-the-plan apartment in 2021. 

Ed Farquharson of Moda explains that the penthouse offers more than a spacious floorplan and thoughtful aspect; “it has 360-degree views of Melbourne that can never be built out as well as meticulously crafted interiors by Carr Design.”


Boutique developer Moda and industry-renowned Carr Design are behind the $70m development located at 835 High Street, Armadale. When asked what elements contributed to the record-breaking sale price, Ed explained that “there isn’t one element that you can point to, it’s a combination of many small details that come together to create an exceptional outcome.”

“For example, recessing window frames so the large glazing panels are the hero; ceilings that are clear of bulkheads; hidden curtain tracks alleviating the need for pelmets; high-quality materials and the use of clever lighting within the intricate joinery spaces all combine to create an incredible finished product,” Ed continues.  

The six-level development houses only 14 two-bedroom and 12 three-bedroom apartments designed for the most discerning owner-occupiers as well as downsizers who are not willing to compromise on the luxury lifestyle. The development also features a dual basement with space for 65 vehicles and 45 bicycles.

Leonard Teplin, director of Marshall White says the three-bedroom-plus-study apartment had originally been planned as two separate off-the-plan apartments spanning approximately 300sqm each. Ed comments on the decision to amalgamate the two apartments into a single 630sqm home - which is significantly larger than most established houses in the suburb; “Once the top floor had been poured and we were able to stand up on the slab, we understood how incredible and rare the opportunity was.”


“It was clear that we may never have the opportunity to create such a large and uncompromised apartment ever again, given the tight zoning in and around the Stonnington area.”

Ed Farquharson, Moda


With almost 400sqm of additional outdoor space, the penthouse also offers an enviable indoor-outdoor lifestyle through the generous space and a large swimming pool; “The infinity pool will be backdropped by stunning views directly towards the city and Port Philip Bay,” comments Ed. 


The development will also feature artwork by Anna-Wili Highfield including several bespoke sculptures within the building’s lobby and a signature piece that will sit atop one of the structural frames on level five - creating a captivating focal point from afar.  

“Some of the wealthiest [people] are moving this way, with a number of sales in and around Stonnington recently around $15m,” adds Leonard - and with the premium quality and meticulous craftsmanship on offer, it’s not hard to see why. 

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