Level 33 sets new apartment record with $6 million penthouse sale

Developer-builder Level 33 has set a new apartment price record in Kiama, New South Wales securing a $6 million sale, of the penthouse at its boutique coastal development Elan. 

It was purchased by a local couple downsizing from a large coastal home in search of refined beachside living.

Designed by award-winning PBD Architects, the project embodies a philosophy of timeless architecture, minimalist luxury and an enduring connection to its coastal surrounds.

Comprising just 19 expansive three-bedroom residences and one breathtaking penthouse, Elan has been meticulously curated for those who value privacy, space and sophisticated design. 

The development is positioned on a quiet street in the heart of Kiama, offering a secluded yet highly connected lifestyle just moments from Surf Beach, Kendall Beach, the town centre, boutique retail and harbourside dining.

The record-setting penthouse spans an extraordinary 468sqm in total, featuring three bedrooms plus study room, each with its own ensuite, as well as a powder room, butler’s pantry, walk-in laundry, built-in bar, fireplace, wine fridge, and a sculptural kitchen anchored by a Taj Mahal-stone island benchtop. 

Premium Gaggenau appliances further elevate the culinary experience.

A defining feature of the residence is its expansive outdoor living, including three separate balconies, one of which is exceptionally large, alongside a private plunge pool that reinforces the home’s resort-like atmosphere and seamless indoor-outdoor flow.

Elan Kiama continues to set a new standard for boutique coastal living, where natural beauty, architectural excellence and lifestyle converge in perfect harmony.

"We're incredibly proud of what we've created," said founding managing director, Eddy Haddad.

"From day one, the focus has been on delivering a building with exceptional design, quality finishes and homes that people genuinely want to live in," Eddy said.

"Seeing that excitement reflected in our future residents is what drives us, and it's rewarding to know people share the same vision and appreciation for the quality we've worked so hard to deliver. 

"We believe this will be a building with a real sense of community, where residents feel proud to call it home for years to come."

The purchasers, are a local couple who have lived in Kiama for the past 10 years, who wished to remain anonymous, said the decision reflected both lifestyle, design sophistication and location.

“It’s a lifestyle choice," she said.

"We’re downsizing with elegance.

“We actually saw the advertising of Elan and saw where they were building, walking past it.

"We ran into the agent in town and we went and met with him.

“It had to be ocean front. 

"We currently live in a large coastal home which takes in ocean and mountain views which we haven’t decided what we’ll do with just yet.”

The local couple who own a business in the Riverina, are looking forward to entertaining and enjoying their stunning new home with friends and family including their grandchildren. 

Completion is due for late 2027.

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