Sydney has always been known for its stunning real estate properties, but this one certainly takes the cake. A lavish show home in Balmoral, boasting a 24-carat gold swimming pool, has recently sold for more than $16 million, a week before the close of its expressions of interest campaign1.
The property, located on Balmoral Avenue, is an architectural marvel that was built as a show home by the Dahua Group in 20141. It’s not just the pool that’s golden; this house flaunts a “wow factor” in every room. Imagine bedrooms that feel like hotel suites, complete with breathtaking water views and marble ensuites. Even the living areas face the Middle Harbour view with floor-to-ceiling glass walls that seamlessly bring the outside in1.
Richard Simeon, of Simeon Partners, says the property drew considerable interest from local, out-of-area, and international buyers alike. While he couldn’t disclose the exact sales price, local rumors suggest the final sum comfortably exceeded the $16 million guide price1.
The demand for such luxury homes in Sydney remains high, with buyers actively searching for properties in the $20 million to $30 million range1. This purchase comes at a time when the median house price in Mosman stands at $4.9 million, based on 164 house sales over the past year, marking an 8.5% decrease from the previous year1.
This sale showcases the robust luxury property market in Sydney, even amidst fluctuating broader market trends. It’s a testament to the allure of unique, high-end features – like a 24-carat gold swimming pool – that can truly set a property apart.