Sydney’s real estate market continues to captivate with its luxurious offerings and record-breaking prices. I have collated the top 10 Most Expensive Properties, providing you with an exclusive look at the residences and estates across Sydney. Showcasing their locations, unique features, architectural styles, historical significance, amenities, and sale prices. Additionally, I delve into the factors driving the city’s luxury real estate market and highlight the notable suburbs where these opulent homes are found.
- Wingadal, in Point Piper $200 million
Wingadal, situated in the prestigious suburb of Point Piper, epitomises the opulence and exclusivity of Sydney’s luxury real estate market. Sprawling across 2,676 square metres of prime harbour-facing land, Wingadal is grand in both scale and amenities. The property spans four expansive levels, featuring a 2,500-bottle wine cellar, a 22-seater theatre, grand entertaining areas, two commercial kitchens, and a two-bedroom apartment in addition to the four main bedrooms. With 98 metres of water frontage, Wingadal also boasts a swimming pool and prime views of the Sydney Harbour Bridge and Opera House, captured through its many floor-to-ceiling windows. As one of Point Piper’s most sought-after addresses, Wingadal offers an unparalleled combination of luxury, location, and breathtaking vistas.
In 2017, Wingadal was briefly on the market and attracted an offer of $110 million, which was declined when owner John decided to retain the property. With current sale expectations in the $200 million range, potentially making it the most expensive home in Sydney, it is unlikely that such an offer will be declined this time around.
- One Sydney Harbour Penthouse, Barangaroo $140 million
The One Sydney Harbour penthouse in Barangaroo epitomises luxury living in Sydney. Sold for $140 million in 2019, this penthouse offers breathtaking panoramic views of Sydney Harbour, the Opera House, and the Harbour Bridge. Designed by renowned architect Renzo Piano, the residence features nine bedrooms, an impressive eight-metre ceiling, and a perfect blend of modern elegance and sophisticated style.
The One Sydney Harbour penthouse boasts expansive living spaces, floor-to-ceiling windows, state-of-the-art amenities, and meticulously crafted interiors. With its private rooftop terrace, swimming pool, and exclusive concierge services, the One Sydney Harbour penthouse sets a new benchmark for opulent living in the heart of the city. This stunning property is not just a home, but a lifestyle statement, reflecting the pinnacle of contemporary urban living.
- UIG Lodge, the Pinnacle in Point Piper $130 million
UIG Lodge, located in the prestigious suburb of Point Piper, is one of Sydney’s most iconic and expensive properties. Sold for $130 million in 2022, this grand estate is renowned for its exceptional harbour views and prime waterfront location. The UIG Lodge features an exquisite blend of classic and contemporary architectural styles, offering a perfect balance of elegance and modernity. With twelve luxurious bedrooms and eighteen bathrooms, UIG Lodge provides ample space for opulent living.
UIG Lodge boasts multiple spacious living areas, a private cinema, a wine cellar, and extensive landscaped gardens. Additional amenities include a stunning infinity pool overlooking Sydney Harbour, a tennis court, and a helipad, offering a serene and picturesque setting. Designed with meticulous attention to detail and crafted to the highest standards, UIG Lodge represents the pinnacle of luxury real estate in Sydney, making it a coveted residence for those seeking both exclusivity and sophistication.
- Fairwater Mansion, in Point Piper $100 million
Fairwater Mansion, located in the prestigious suburb of Point Piper, is one of Sydney’s most historic and iconic residences. Sold for $100 million in 2018, this heritage-listed estate is set on expansive waterfront grounds, combining timeless elegance with modern luxury.
Known as the largest private harbour side property in Sydney, Fairwater Mansion boasts breathtaking views of Sydney Harbour and meticulously maintained gardens. The Fairwater Mansion features extensive living spaces, multiple bedrooms and bathrooms, and grand entertaining areas, all designed with exquisite architectural detail. With its rich history, Fairwater Mansion offers a unique blend of past grandeur and contemporary comfort, making it a standout property in Sydney’s high-end real estate market.
- Edgewater, in Point Piper $95 million
Edgewater, situated on Wolseley Road in Point Piper, is a standout in Sydney’s luxury real estate market. Sold for $95 million in 2020, it is the second most expensive house sale on record in Sydney. Edgewater boasts a rare 40-metre harbour frontage with direct views of the Sydney Harbour Bridge and Opera House.
Edgewater’s modern architectural design combines sophistication and elegance, featuring high ceilings, floor-to-ceiling windows, multiple living and dining areas, a gourmet kitchen, and spacious bedrooms with en-suite bathrooms. The exterior includes meticulously landscaped gardens, an infinity pool merging with the harbour waters, terraces for entertaining, and private waterfront access. A private jetty allows direct boat access, a rare feature. Edgewater epitomises opulent Sydney living, highlighting the high demand and value of waterfront properties in prime suburbs, offering an unmatched combination of location, design, and exclusivity.
- Elaine Estate, in Point Piper $71 million
Elaine Estate, located in the prestigious suburb of Point Piper, is one of Sydney’s most illustrious properties, blending historical grandeur with modern luxury. Built in 1863, this heritage-listed estate, sold for $71 million, showcases Victorian architectural elegance across its expansive 6,986 sqm waterfront grounds. The Elaine Estate features seven bedrooms, five bathrooms, multiple living and dining areas, and meticulously landscaped gardens that offer panoramic views of Sydney Harbour.
Elaine Estate also boasts a tennis court, a ballroom, private beach access, and a luxurious pool area. Owned by Atlassian’s co-founder Scott Farquhar, Elaine Estate has historically significant interiors that have been carefully restored to maintain their original charm. As one of Sydney’s premier residences, Elaine Estate epitomises the pinnacle of opulent living in one of the city’s most coveted locations.
- La Mer, in Vaucluse $70 million
La Mer, located in the exclusive suburb of Vaucluse, is a contemporary masterpiece that epitomises luxury living in Sydney. Sold for $70 million in 2015, this stunning waterfront property combines modern elegance with unparalleled sophistication. Featuring seven spacious bedrooms, La Mer offers expansive living areas designed with meticulous attention to detail.
La Mer boasts state-of-the-art amenities, including a home cinema, a wine cellar, a gym, and an infinity pool that seamlessly blends with the harbour view. Extensive gardens surround the property, providing a serene and picturesque setting. With its floor-to-ceiling windows offering uninterrupted vistas of Sydney Harbour, La Mer is not just a residence but a statement of luxury, offering the ultimate in high-end living in one of Sydney’s most sought-after locations.
- Tirrikee, Darling Point $70 million
Tirrikee, located at 3 Lindsay Avenue in the prestigious suburb of Darling Point, epitomises luxury living in Sydney, thus $70 million Darling Point mansion was sold in 2021. This magnificent property, set on a 2,400 sqm block with an impressive 54 metres of water frontage, offers an exceptional blend of classic elegance and modern amenities.
The grand residence of Tirrikee features six bedrooms and six bathrooms, including a self-contained guesthouse on the waterfront, and provides ample undercover parking for six cars. Tirrikee boasts multiple living and dining areas, perfect for both intimate family gatherings and grand entertaining. The state-of-the-art kitchen and expansive floor-to-ceiling windows provide stunning views of Sydney Harbour. The outdoor spaces are equally impressive, with beautifully landscaped gardens, a swimming pool, and terraces that take full advantage of the property’s prime waterfront position. Tirrikee is one of the most sought-after addresses in Darling Point, Tirrikee stands out in Sydney’s elite real estate market, offering the highest standards of luxury and sophistication.
- Phoenix Acres, in Vaucluse $65 million
Phoenix Acres is a sprawling estate in Vaucluse, offering breathtaking harbour views and epitomising luxury living. The grand proportions of Phoenix Acres are typified by its 81-metre-wide water frontage attached to a 3,731 sqm parcel. The property features six bedrooms, six bathrooms, multiple living areas, and a triple garage. Other luxurious amenities include a lavish master suite, a tennis court, resort-style pools, and a grand dining room with harbour view terraces.
Sold for $65 million in 2017 to hotel mogul Dr Jerry Schwartz, Phoenix Acres stands as one of Sydney’s most coveted addresses, known for its expansive grounds and exceptional amenities. This prestigious estate, Phoenix Acres highlights the allure of waterfront living in one of Sydney’s prime suburbs.
- Ganeden, in Vaucluse $62.75 million
Ganeden, located in the exclusive suburb of Vaucluse, is a stunning example of modern luxury and architectural brilliance. This opulent mansion includes seven bedrooms, each with en-suite bathrooms, three kitchens, two internal lifts, and ten bathrooms. Ganeden is designed to offer the utmost in sophistication and comfort, featuring expansive living spaces with high ceilings, floor-to-ceiling windows, and premium finishes throughout. Ganeden also boasts a remarkable 20-car garage, a home cinema, a gym, and two swimming pools. Additionally, the residence includes a spa and a rooftop terrace with breathtaking views of Sydney Harbour. The meticulously landscaped gardens and outdoor entertaining spaces further enhance its appeal.
This trophy home at 38A Wentworth Road topped the sales charts by selling for $62.75 million in February 2022, after being on the market for three years. As one of the most prestigious homes in Vaucluse, Ganeden represents the pinnacle of luxury living in one of Sydney’s most desirable locations.
Luxury Real Estate Market Trends in Sydney
The luxury real estate market in Sydney is characterised by a strong demand for waterfront properties, driven by both local and international buyers. The city’s economic growth and status as a global financial hub have significantly influenced property values. Notable suburbs such as Point Piper, Vaucluse, Darling Point, and Mosman continue to attract high-end buyers seeking exclusivity, stunning views, and unparalleled amenities.
Factors contributing to the high property values include limited availability of prime real estate, the appeal of Sydney Harbour, and the prestige associated with owning a historic or architecturally significant home. As Sydney’s skyline evolves and new luxury developments emerge, the market for high-end properties is expected to remain robust.
Sydney’s most expensive houses offer a glimpse into the pinnacle of luxury living, combining breathtaking locations, unique architectural styles, and top-of-the-line amenities. Whether you are a professional couple, a family, or a single buyer, these properties represent the ultimate in residential opulence.
The data for this article has been sourced from recent property sales records and reports from leading real estate agencies, news.com.au and realestate.com.au.