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.”

An ultra-luxury Main Beach penthouse with 360-degree views of the beach, hinterland and city skyline has hit the market with an $18 million price tag, as buyers seeking a rare slice of coastal opulence continue to drive the top-end of the Gold Coast market.

The sprawling 600sqm residence will occupy the upper two floors of the 29-level La Mer tower on Main Beach Parade, and has been released as its construction reaches top-out, ahead of completion later this year.

The lavish penthouse boasts four bedrooms, all with ensuites, including an ocean-facing master retreat with private lounge, a kitchen designed for a private chef, a rooftop pool, huge entertaining zone with outdoor kitchen, a grand staircase, and its own express lift.

Demand for high-end Gold Coast property remains strong, with a Burleigh penthouse sold off-the-plan for $30 million earlier this year, surpassing the $24 million record set in 2023.

“The La Mer penthouse represents exceptional value, considering its quality design, size, privacy and location – not to mention the 360-degree views capturing the beach and Gold Coast Broadwater,” said OTP Group director James Elliott, who is marketing the project.

“We’re anticipating interest from high-net worth individuals and couples seeking a residence or holiday home in the sought-after village enclave of Main Beach, taking advantage of the unprecedented growth underway in the area and neighbouring The Spit.”

The $155 million La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.

ODUS Director Byron Sakha said with construction powering ahead and the 29-level structure now complete, it was the ideal time to launch the penthouse to the market.

“We’ve worked with internationally-recognised studio, Sici Design, on the penthouse interiors, with a focus on ensuring it isn’t luxury for luxury’s sake – every element has been thoughtfully designed to enhance quality of life for those who call it home,” he said.

“The views are the hero of virtually every space, but we’ve given equal attention to the fittings and finishes, so every detail exudes elegance and refinement.

“Now that construction of La Mer has topped out, prospective buyers can experience how the building is taking shape and the exceptional location on offer, just 68 steps from the sand.”

Sici Design founder and director Maria Papadopoulos said the penthouse interiors exemplified effortless luxury living.

“The views weren’t something we designed around, they became part of the design itself, with the true luxury of La Mer in its feeling of peace, calm and wellbeing,” she said.

“Luxury isn’t defined by how something looks, but how it makes you feel, and we believe a luxurious home should be beautiful to live in, not stressful to maintain.”

Refined yet durable materials include premium natural stone Austral Dream Dolomite, with travertine bringing warmth and timelessness, complementing timber flooring, and a coastal colour palette.

The ocean-facing resort-style master retreat occupies half the upper level, with its own private balcony, lounge room, two walk-in wardrobes, and an oversized ensuite with double shower, double vanity, and solid stone freestanding bath overlooking the views.

The kitchen features a 3.6-metre statement island bench and expansive butler’s pantry, complemented by a dedicated wine cellar and integrated bar area.

Designed by architects, Plus Studio, La Mer features 24 full-floor, three-bedroom plus multipurpose room residences, along with the dual-level penthouse. Exclusive resort-style facilities include a pool, spa, fully-equipped gym, sauna, barbeque facilities, private sun lounges, yoga lawn and an outdoor beach shower.

The penthouse is being launched as part of the final release of apartments at La Mer, with prices starting from $4.3 million.