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SA’s record-breaking North Adelaide luxury home hits market - realestate.com.au

RealEstate.com.au News •
October 28, 2026 • 08:11 AM
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A North Adelaide home which once held the record for being SA’s highest value residential transaction in an off-market deal, has hit the public market for the first time in more than two decades.

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First published 28 Oct 2026, 7:11pm

It once held the record for South Australia’s most valuable property transaction, and now this stunning North Adelaide property – which offers a life of unsurpassed luxury in one of Adelaide’s most desirable suburbs – could be all yours.

Vendors David and Amanda bought the 70 Pennington Tce home in 2021, attracted by its location, family-friendly layout and stunning botanic gardens-like grounds.

70 Pennington Tce, North Adelaide. Supplied

One of the grand entry halls. Supplied

“We had a home in Unley Park and were going to move our primary residence to Melbourne as we’ve got children over there,” David says.

“This was during Covid and lockdowns, and Melbourne emerged as a disastrous option.

“But we knew of the owner of this house and had heard that they had bought another property just around the corner, so I rang them up and asked if it was available, and they said: ‘It may be’, and I let it go.

“They contacted me later to tell me they were looking to sell it and we ended up buying it off-market.”

The couple have since updated the home throughout, with David describing the property as idyllic.

“It’s a beautiful home and it’s in an unrepeatable spot,” he says.

The open-plan kitchen, dining and living area. Supplied

One of the stunning bedrooms. Supplied

The home office/entertainment room. Supplied

“We like the area so much, and the simplicity of having Adelaide, O’Connell St, cinemas and restaurants on our doorstep.

“Plus the home has been designed brilliantly.

“It’s so solid so it keeps its cool in the summer and warmth in the winter. It’s perfect.”

Set over two floors and featuring separate underground cellars and storerooms, the home has five bedrooms – all with ensuites – a grand reception area, and an open-plan kitchen, dining and living area.

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It also has a sitting room, a media room/home office, an elevator, a theatre and living room, a guesthouse or sports room with a spacious bar, and a decked alfresco area with a swimming pool.

“Both my sons had their civil ceremonies in the front yard, and one of them had his engagement party here for 100-plus on the top lawn,” David says.

“We had tables and chairs and a bar set up, a DJ – the whole lot. It’s a fantastic entertainer.”

A close look at the chef’s kitchen. Supplied

The decked outdoor area with pool. Supplied

Having recently become grandparents and with David looking to slow down with work, the couple are downsizing to two townhouses – one not too far away, and one in Melbourne near their children – they will split their time between.

“It would be great for another family to raise kids in, or perfect for someone in their 50s or 60s who love gardening and want to be close to everything,” David says.

“We’ve spent a lot of time, and really enjoyed, keeping it at the standard that it deserves. It truly is incredible.”

Booth Real Estate, Jamie Brown 0413 000 887.

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