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News Robin Boyd's most coveted penthouse sold for $7.6 million in South Yarra
Robin Boyd's most coveted penthouse sold for $7.6 million in South Yarra
Jonathan Chancellor
| Oct 14,2019
The penthouse on the top level of Domain Park, designed by the celebrated architect Robin Boyd in the 1960s, has sold for $7.6 million, reflecting $46,000 per square metre.
The unrenovated 20th level apartment, which had a reserve of $5.1 million, sold at $44,000 per square metre as two bidders battled it out at its recent private auction.
Marshall White Stonnington agents Dean Gilbert and Mark Harris had a $4.55 million to $5,005,000 guide.
The Domain Park Flats was the first apartment building Boyd designed.
At the time it completed, it was the tallest residential building in Victoria.
The first residents of Domain Park Flats moved in in 1962.
The north-west facing apartment with views over the Botanic Gardens to Albert Park Lake features the original separate kitchen.
There are three bedrooms and just the one bathroom.
Buyers agent Mal James advised he "couldn't see the freight at $5,000,000".
"$5,000,000 meant the asking price for the shell only was $30,300 per square metres for the 165 square metres," James advised.
"It's not worth $30,300 per square metre when the best brand new apartments are trying it on at $25,000 per square metre."
Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.
South Yarra Penthouse Sale
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