Penthouse, 722 New South Head Rd, Rose Bay has a $14.5m price guide for a forthcoming auction. A luxury Rose Bay penthouse that came to market last September with $18m price expectations has returned with a big discount.
The four-bedroom penthouse at 720 New South Head Rd, owned by entrepreneur Adam Blumenthal and crowning Rose Bay’s new Opus building, is now listed with a $14.5m price guide for a forthcoming auction via Highland Double Bay Malouf director David Malouf in conjunction with Raine and Horne Double Bay principal Ric Serrao. The home was listed with other agents previously and pitched as “Rose Bay’s finest penthouse”.
MORE: Rose Bay masterpiece sells for $40m Aussie John wants ‘dream price of $240m’ Among its features are a private rooftop terrace with outdoor kitchen and spa. The views are incredible. Open-plan living and dining areas.
The residence has been meticulously crafted with high-end finishes using a palette of pale timber, natural stone and marble coupled with high tech inclusions throughout. Blumenthal, co-founder and chairman of Everblu Capital as well as cannabis company Cresco Pharma, along with his wife Annabelle Shamir, had the foresight to buy the two level-four apartments off-the-plan at 722 New South Head Rd three years ago for a total of $11.5m.
Among its features are a private rooftop terrace with outdoor kitchen and spa, which is the ideal spot for entertaining with an even more enviable backdrop. The home also boasts four car sp.
