A beachside penthouse originally listed for a jaw-dropping $40 million has been relisted at a $5 million discount.
The Sydney property takes up an entire floor and sits directly opposite Manly Beach, offering sweeping views of the ocean.
The five-bedroom, five-bathroom apartment was originally put up for sale in February before returning to the market this month with the same agency.
Despite the hefty reduction, the couple could still set a suburb record if the property sells for its asking price.
The current record is $34 million, which was set in 2024 when businessman Wes Maas and his wife Emma purchased a Manly mansion.
Spanning 717 square metres, the penthouse crowns the top floor of the boutique Waillea complex on North Steyne.
A wraparound terrace looks directly over the beach and comes with a private jacuzzi and outdoor shower.
The property also has its own lift access, parking for five cars and access to the complex’s swimming pool and spa.
Records show Hunt purchased the beachfront pad for $12.2 million in 2010, per the SMH .
Hunt told the outlet that they had decided to sell because they were spending more time at their other home near Byron Bay.
“It’s not been an easy decision because I love Manly, and the unit is amazing and will never be replicated,” he said.
The couple, who also own a property in Melbourne, co-founded mental health charity Mind Medicine Australia in 2018.
The sale is being handled by Anthony Calacoci of Belle Property Northern Beaches.
14/133-137 North Steyne, Manly NSW 2095
The penthouse joins a string of luxury Sydney homes that have returned to the market with a multi-million dollar discount amid a national property downturn.
Domain’s September House Price Report found Sydney’s median house price fell by 4.7 per cent, or $82,420, over the quarter to $1.66 million, wiping two years of value in just three months.
It marked the city’s third consecutive quarterly decline, with house prices falling across all eight Australian capitals for only the second time on record.
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