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Sale of Realm Adelaide penthouse breaks record

Market Insights
6 years ago
2 minutes

Realm Adelaide developers, Parallel Property, decided to reallocate apartment spaces after selling one of the tallest residences in the development. The northern penthouse, a double storey Sky Residence boasting a 605 sqm floorplan, was sold for $5.2m and broke the record for the most expensive off the plan apartment sold in Adelaide.

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Ben Small, Realm Adelaide Sales Director explains, “Given the demand for the premium apartments, we have re-cut the interiors to create the Penthouse Collection,” Ben explains. Now there are new three-bedroom deluxe apartments that boast 192 sqm interiors and 40+ sqm balconies.

Over 86% of Realm Adelaide residences have been sold since the February 2017 launch. In fact, the new luxurious off the plan apartments have been in such high demand that Ben recommends potential buyers enquire now. With stamp duty concessions ending on June 30, 2018, there’s a risk of missing out on living in the exciting new development.

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“Over the last 15 months, we have received overwhelming feedback that Realm is exactly what local downsizers and investors are looking for,” Ben says. With resort-style amenities, the ultimate convenience of location and masterfully designed and curated interiors, it’s no wonder Realm Adelaide is the first choice for a lifestyle destination.

Each residence offers light-filled dining and living areas, featuring expertly appointed inclusions. Carefully placed ambient lighting transforms these spaces into perfect entertainment areas that flow into terraced balconies with expansive views over the rolling Adelaide landscape.

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Sky Residences kitchens and bathrooms feature twin basins, cleverly concealed shelving and storage, demonstrating an unprecedented level of attention to detail from the experts at Elenberg Fraser. Timber cabinetry in the kitchen complements the marble benchtops, while high-end kitchen appliances will transform your cooking expectations. In the bathroom, mirrored cabinetry, twin basins, and deluxe freestanding baths represent the ultimate resort spa-like experience.

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On level eight, residents will have private access to a range of opulent lifestyle amenities. The fitness suite features mixed-use gym equipment, including a climbing wall and CrossFit equipment. Next door to the gym, there are two private function spaces where residents can dine with friends and family before luxuriating in the heated pool on the outdoor terrace. After swimming some laps, relax in the heated spa while enjoying the view.

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The ‘well-being zone’ on level 39 is a space for owners of Sky Residences to retreat. Stretch in the quiet and serene yoga studio before relaxing in the private massage suite. The spa, sauna, and steam room pods will help keep your muscles loose and relaxed as you sit in the uppermost levels of your new home, looking out over your new city domain.

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Realm Adelaide is in high demand and selling fast. Stamp duty concessions end June 30, 2018, so don’t miss out on your opportunity to lead a luxurious lifestyle in the heart of Adelaide’s CBD.

Enquire here to find out more about Realm Adelaide residences.