Luxury Toowong Penthouse Sells for $4.1 Million

A luxury penthouse in Toowong has been sold for $4.1 million with completion scheduled for early 2025. The sale highlights the continued demand for high-end properties in Brisbane’s luxury market.

Photo Credit: Azure Development Group

The penthouse, part of Azure’s One Earle Lane development, boasts impressive features including an 18.3-metre frontage, three bedrooms, 2.5 bathrooms, multiple living areas, a home office, and a large north-facing balcony. The property also includes parking for three cars, catering to the needs of affluent urban dwellers.

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Photo Credit: Azure Development Group

Azure director Trent Keirnan expressed satisfaction with the sale, stating that the development had received “tremendous interest.” He views the penthouse sale as a testament to the superior quality of products entering the Brisbane market.

Designed by Paul Conrad Architects and under construction by 5Point Projects, One Earle Lane is reportedly on track for completion at the beginning of the first quarter of 2025. Simon Caulfield of Place Estate Agents, who brokered the sale, confirmed confidence in meeting this completion timeline.

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Photo Credit: Azure Development Group

Interestingly, the buyer, a downsizer from nearby Paddington, chose this property over options with river views. Caulfield explained that the decision was influenced by One Earle Lane’s extensive amenities, top floor corner position, uninterrupted city and park views, and superior design and finishes.

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Photo Credit: Azure Development Group

The development promises a range of luxury amenities for residents, including private dining facilities, a cinema, gymnasium, yoga studio, sauna, steam room, hot and cold plunges, and a 25-metre heated lap pool.

Photo Credit: Azure Development Group

This sale is part of Azure’s broader portfolio, which includes over $500 million in developments such as Oakmont, One Five Six, and Dahlia. The company reports a future pipeline exceeding $1.3 billion, indicating continued growth in Brisbane’s luxury property sector.

Published 18-June-2024