A luxury penthouse atop “The Bondi” development has changed hands for $16.25 million, highlighting the continued strong demand for premium Bondi Beach real estate.
The three-bedroom, two-bathroom property, featuring floor-to-ceiling glass with ocean views from every room, was sold by commercial property executive Joshua Berger and his wife Michelle. The couple purchased the property in 2016 for $7,575,000 from former Ramsay Healthcare chief Chris Rex, yielding them a substantial return despite reportedly being discounted from an initial asking price of $18 million.
Designed by PTW Architects, the penthouse includes exclusive amenities such as personal valet and concierge services. The prestigious property, developed by Allen Linz and Eduard Litver, is now owned by Danielle Elkorr, who has demonstrated previous interest in Sydney’s premium real estate market.
The transaction comes as billionaire Will Vicars expands his already significant holdings in Bondi Beach, purchasing his seventh investment property in the nearby Pacific building. His latest $2.55 million acquisition brings his total investment in the Linz and Litver-developed block to over $45 million.
Both sales were handled by Steven Chen of The Agency, who declined to comment on the transactions.
These high-value sales underscore Bondi Beach’s position as one of Sydney’s most sought-after coastal locations, where luxury properties continue to attract wealthy investors despite broader market fluctuations.
Published 16-March-2025