‘My Valentine’s Day present’: Harbourside apartment sells for more than $3.7m
Sydney Morning Herald
by Robyn WillisFebruary 14, 2026
AI-Generated Deep Dive Summary
A luxurious two-bedroom waterfront apartment in Sydney sold for $3,705,000 at auction, breaking records and capturing attention. The property, located in Kirribilli and offering stunning views of both the Sydney Opera House and Harbour Bridge, was described as a "Valentine’s Day present" by one half of the successful couple buyers. Auctioneer Scott Kennedy-Green opened bidding at $3,150,000, with the final sale price reached after a competitive bidding process that included increments of $50,000 and concluded with a $3,000 bid.
The apartment, part of an art deco building known for its high-value properties, had a reserve and guide price of $3.5 million. Agent Nigel Mukhi from McGrath McMahons Point highlighted the strong demand for such prime locations, noting that similar apartments in the same block have sold for up to $3.6 million in recent years. The vendors, who had kept the property as a "bolthole" alongside their home in Queensland, decided to sell due to no longer needing it. Mukhi emphasized the significant value contributed by the iconic views, estimating them to be worth between $1.5 million and $2 million alone.
This sale reflects the robust luxury real estate market in Sydney, where waterfront properties with unparalleled views command premium prices. The apartment’s new owner praised the property for offering a "million-dollar view" for just a few million dollars, underscoring the appeal of such rare opportunities. With 1009 properties scheduled for auction in Sydney that week, the overall clearance rate stood at 69.8%, indicating sustained buyer interest across the market.
The sale also highlights trends in the local property market, including strong demand from downsizing couples and investors seeking premium waterfront living. The apartment’s location near Kirribilli House adds to its desirability, making it a standout asset in one of Sydney’s most prestigious neighborhoods. This transaction not only sets a new benchmark for luxury properties in the area but also underscores the enduring appeal of iconic Sydney landmarks among buyers.
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Originally published on Sydney Morning Herald on 2/14/2026