Cyprus New Build That Feels Like It’s Floating Over the Mediterranean Lists for €3.19M
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Cyprus New Build That Feels Like It’s Floating Over the Mediterranean Lists for €3.19M

The modern five-bedroom villa is in the island’s popular Paphos district

By LIZ LUCKING
Sat, Mar 30, 2024 7:00amGrey Clock 2 min

A lavish and contemporary villa in Cyprus that sits right on sparkling waters of the Mediterranean Sea has hit the market for €3.19 million (US$3.45 million).

Villa 82, as it’s known, is set in a private gated community within the island’s Paphos district alongside one of the top beaches in the region, according to the property’s developer Leptos Estates, which brought the home to the market earlier this month.

Cyprus has become an increasing wealth hub, as it draws affluent migrants through its golden visa program. Its prime home values have benefited, with prices rising more than 7% in 2023, according to a report earlier this year from Knight Frank.

Leptos Estates

The three-story house boasts a contemporary interior, but while there are modern finishes and fixtures throughout, it also incorporates elements of Cyprus’s traditional architecture, including stone pillars, alcoves and polished marble flooring, according to the listing.

The open-plan hub of the five-bedroom home has a dining area, a sleek custom kitchen and a double-height living room. The space is lined with walls of windows taking in views that give the impression of the rooms floating on the sea.

It’s an “exquisite property,” and “offers a truly luxurious lifestyle,” said Pantelis Leptos, co-president of Leptos Group of Companies.

With “ample space for both relaxation and entertainment, the villa features a range of special amenities, including [the] spacious living room and a spectacular infinity pool that overlooks the Mediterranean Sea,” he added.

Outside, alongside the pool, are private landscaped gardens and large verandas for sunbathing.

Leptos Estates

Cyprus is “the perfect place to live and renowned for its fabulous beaches, which draw people from all over the world,” Leptos said. “There is so much to enjoy here.”

Paphos, meanwhile, ranked as the most popular tourist destination within Cyprus over the last two years, with 36% of all inbound travellers to the island visiting the coastal city between 2022 and 2023, according to a news release.

“With the increased level of tourism being experienced, Cyprus is well placed to provide opportunities for luxury living,” he said.



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Property of the week: Penthouse, 601/12 Baptist St, Redfern

A Sydney site with a questionable past is reborn as a luxe residential environment ideal for indulging in dining out

By KIRSTEN CRAZE
Fri, Oct 18, 2024 2 min

Long-term Sydney residents always had handful of not-so-glamourous nicknames for the building on the corner of Cleveland and Baptist Streets straddling Redfern and Surry Hills, but after a modern rebirth that’s all changed.

Once known as “Murder Mall” or “Methadone Mall”, the 1960s-built Surry Hills Shopping Centre was a magnet for colourful characters and questionable behaviour. Today, however, a $500 million facelift of the site — alongside a slow and steady gentrification of the two neighbouring suburbs — the prime corner property has been transformed into a luxury apartment complex Surry Hills Village by developer Toga Group.

The crowning feature of the 122-apartment project is the three-bedroom penthouse, fully completed and just released to market with a $7.5 million price guide.

Measuring 211sqm of internal space, with a 136sqm terrace complete with landscaping, the penthouse is the brand new brainchild of Surry Hills local Adam Haddow, director of architecture at award-winning firm SJB.

Victoria Judge, senior associate and co-interior design lead at SJB says Surry Hills Village sets a new residential benchmark for the southern end of Surry Hills.

“The residential offering is well-appointed, confident, luxe and bohemian. Smart enough to know what makes good living, and cool enough to hold its own amongst design-centric Surry Hills.”

Allan Vidor, managing director of Toga Group, adds that the penthouse is the quintessential jewel in the crown of Surry Hills Village.

“Bringing together a distinct design that draws on the beauty and vibrancy of Sydney; grand spaces and the finest finishes across a significant footprint, located only a stone’s throw away from the exciting cultural hub of Crown St and Surry Hills.”

Created to maximise views of the city skyline and parkland, the top floor apartment has a practical layout including a wide private lobby leading to the main living room, a sleek kitchen featuring Pietra Verde marble and a concealed butler’s pantry Sub-Zero Wolf appliances, full-height Aspen elm joinery panels hiding storage throughout, flamed Saville stone flooring, a powder room, and two car spaces with a personal EV.

All three bedrooms have large wardrobes and ensuites with bathrooms fittings such as freestanding baths, artisan penny tiles, emerald marble surfaces and brushed-nickel accents.

Additional features of the entertainer’s home include leather-bound joinery doors opening to a full wet bar with Sub-Zero wine fridge and Sub-Zero Wolf barbecue.

The Surry Hills Village precinct will open in stages until autumn next year and once complete, Wunderlich Lane will be home to a collection of 25 restaurants and bars plus wellness and boutique retail. The EVE Hotel Sydney will open later in 2024, offering guests an immersive experience in the precinct’s art, culture, and culinary offerings.

 

The Surry Hills Village penthouse on Baptist is now finished and ready to move into with marketing through Toga Group and inquiries to 1800 554 556.

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