Level 33 resets Kiama apartment price record with $6 million ELAN penthouse sale

Developer-builder Level 33 has achieved a new benchmark in Kiama’s prestige property market, securing a record-setting $6 million sale of the penthouse at its boutique Elan Kiama development. The result establishes a new apartment price record for Kiama.

A new benchmark for Kiama apartment living

Perched on one of the highest points in Kiama, Elan captures uninterrupted ocean views and represents one of the South Coast’s rare boutique apartment offerings. Designed by award-winning PBD Architects, the development comprises just 19 three-bedroom residences and a single full-floor penthouse.

Located in the heart of Kiama, Elan places residents within walking distance of Surf Beach, Kendall Beach, the town centre, boutique shopping and the harbour, offering a low-maintenance lifestyle in one of New South Wales’ most tightly held coastal communities.

Record-breaking penthouse reflects demand for luxury coastal apartments

The record-setting penthouse spans 468 sqm and features three bedrooms, a study, ensuites to every bedroom, a powder room, butler’s pantry, walk-in laundry, built-in bar, fireplace and a sculptural Taj Mahal stone kitchen island complemented by premium Gaggenau appliances.

The residence also includes three balconies, one exceptionally large entertaining terrace and a private plunge pool, maximising the uninterrupted coastal outlook.

The purchasers, a local couple who have lived in Kiama for the past decade, said the apartment offered the opportunity to downsize without leaving the lifestyle they love.

“It’s a lifestyle choice. We’re downsizing with elegance,” one of the purchasers said.

“We actually saw the advertising for Elan and where they were building while walking past. We then ran into the agent in town and arranged to meet.

“It had to be oceanfront. We currently live in a large coastal home with ocean and mountain views, and we wanted to keep that connection to the coastline.”

Why long-time locals chose Elan Kiama

The purchasers said Kiama’s lifestyle, community and natural beauty made the decision an easy one.

“The magnificent views, the sense of community and the people here make Kiama truly special. It’s a welcoming, caring place. It’s a busy coastal town, but it’s still small.

“We have access to everything we need nearby in Shellharbour, but Kiama itself has so much natural beauty, from the ocean views and lighthouse to the harbour, whales and mountains.”

They said the architecture and attention to detail also separated Elan from every other apartment development they inspected.

“We loved the architecture, the beautiful curves and the modern finishes, particularly the Gaggenau appliances. We looked at other properties, but nothing compared to it. It was perfect. It ticked all our boxes.”

The couple, who own a business in the Riverina, are looking forward to entertaining friends, family and grandchildren in their new home.

“It’s large enough to fit all of us.”

Level 33 focused on boutique, owner-occupier living

Level 33 Founding Managing Director Eddy Haddad said the record sale reflected the company’s commitment to delivering homes designed for long-term owner-occupiers.

“From day one, the focus has been on delivering a building with exceptional design, quality finishes and homes that people genuinely want to live in.

“Seeing that excitement reflected in our future residents is what drives us, and it’s rewarding to know people share the same vision and appreciation for the quality we’ve worked so hard to deliver.

“We believe this will be a building with a real sense of community, where residents feel proud to call it home for years to come.”