Adelaide’s Most Opulent Apartment
The stunning full-floor penthouse comes with a $10m price tag — and represents the newfound allure of the SA capital.
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Adelaide is fast shirking its ‘small city’ reputation with a luxurious new penthouse set atop the new 37-storey Market Square tower set for the city’s CBD.
The impressive $10 million Skyline penthouse (designed by the internationally renowned Woods Bagot) delivers 935sqm across four bedrooms, three bathrooms and nearly 300sqm of outdoor living space — served with panoramic views of Adelaide’s CBD, Hills and across the beaches and water.
The offering presents a rare opportunity to live in the cultural and historic heart of Adelaide’s vibrant CBD – with further heritage value and appeal attached to the 150-year history of the Central Market location.
While the penthouse takes centre stage in this once-in-a-generation build, the sub-penthouses also step onto this prized podium as two level 36 offerings comprising 3-bedroom and which start from $5.2 million.
Further to the amenities presented by these properties, Market Square itself will deliver exclusive access to a residents’ lobby bar, health and wellbeing zone, library, cinema, outdoor kitchen and private dining room, car wash, EV charging stations, cool room and parcel storage, dog wash as well as an on-site childcare centre.
The elevated appeal of the property aligns to that of Adelaide itself — a city on the ascent with heightened liveability credentials and a priority market that boasts a 19.1 per cent rise in prices in the 12 months to September.
Such rising popularity pushes a fast deadline in regards to securing a piece of one of Market Square, with more than 80 per cent of the 212 apartments – set to occupy levels 16-37 – already sold.
A 251-room hotel will operate across lower levels of the development while an 11,000sqm retail centre and a further 15,000sqm of office space is also allocated.
The Market Square project redevelops a central area that is bordered by Gouger and Grote Streets, the Samuel Way courts complex and Hilton Hotel on one side the historic market – the latter established in 1869 and which still operates and is not part of the new development.
Headed by developers ICD — think Aspire Melbourne and City Tattersalls Sydney, among others — construction will commence in 2022 and is scheduled to complete in three and a half years.
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The actress and her husband, comedy writer Dave McCary, spent more than three years restoring the house, which is one of the priciest properties for sale in the Texas city.
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In 2021, actress Emma Stone purchased a historic estate in Austin, Texas, with a plan to move her family there. Four years later, she has instead decided to put the property on the market.
The actress and her husband, comedy writer Dave McCary, are asking $26.5 million for the newly renovated estate, according to Eric Moreland of Moreland Properties/Forbes Global Properties, one of the listing agents. The 1.25-acre property, located in the upscale Tarrytown neighbourhood, will be among the most expensive on the market in Austin.
Stone and McCary have spent more than three years renovating and restoring the Texas property, Moreland said.
A spokesperson for Stone didn’t respond to requests for comment. Moreland said the couple’s New York business interests have expanded since they started the remodel, and while they hope to live in Austin eventually, it doesn’t make sense for now.
The couple, who are co-founders of the production company Fruit Tree, own a roughly $12 million apartment in lower Manhattan, according to property records. Stone is slated to star in the upcoming contemporary Western film “Eddington.”
It’s unclear what Stone and McCary paid for the Austin property, since Texas is a nondisclosure state . The Georgian-style brick house dates to around 1940, making it one of the oldest estates in the area.
The roughly 10,000-square-foot estate includes a main house with four bedrooms and a two-bedroom guesthouse. The property also has a pool, a hot tub, and a garage with a screening room and entertaining space above.
As part of the renovation, the couple removed, cleaned and reused all the exterior brick. They also reconfigured some of the living spaces, opening the kitchen to the living room for a more modern layout. It took more than a year just to install the millwork in the screening room, said Moreland.
The contractors are now putting the finishing touches on the property, he said.
The “La La Land” actress has a track record of buying and selling her homes for significantly more than she paid. In 2022, she sold her blufftop Malibu, Calif., home for $4.425 million after buying it for $3.25 million in 2018, according to property records.
Last year, she sold her home in L.A.’s Comstock Hills neighbourhood for $4.3 million, significantly more than the $2.3 million she paid in 2019.
Austin saw an influx of new residents during COVID, but many of those are now returning to the East and West coasts, particularly workers in the tech sector.
While the market “has come down to earth a little bit” since the pandemic-era boom, Moreland said, he has seen a number of $20 million-plus deals over the past few months.
Moreland has the listing with colleague Diane Humphreys.
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