SYDNEY LUXURY HOME LISTED WITH A CHEEKY $1 RESERVE
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SYDNEY LUXURY HOME LISTED WITH A CHEEKY $1 RESERVE

An opulent Ryde home, packed with cinema, pool, sauna and more, is hitting the auction block with a $1 reserve.

By Jeni O'Dowd
Fri, Jul 25, 2025 10:18amGrey Clock < 1 min

In a move that is equal parts audacious and inspired, luxury real estate group Black Diamondz has listed a newly completed five-bedroom mansion in Ryde with a reserve price of $1.

The property at 26 Clermont Avenue is anything but bargain basement – featuring four lavish levels, a concrete structure, a private cinema, a mineral lap pool, a wine cellar, a sauna and even lift access.

Meanwhile, Ryde’s median house price is hovering around $2.5 million.

“This is not just another house. It’s a showpiece,” says Monika Tu, founder of Black Diamondz. “We’re not asking the market to guess its worth; we’re inviting it to experience it.”

Spicing things up further, the sales campaign doubles as a philanthropic effort.

Tu, along with agents Courtney Wong and Blake Morris, is using the high‑profile auction to raise awareness (and funds) for the Children’s Cancer Institute as part of the 2025 Dare to Cure challenge.

“We believe in creating value beyond the transaction,” says Tu. “Shining a light on the Children’s Cancer Institute turns luxury into legacy.”

Property Highlights

  • Five bedrooms, four bathrooms, three en-suites

  • Private cinema, sauna, gym and wine cellar

  • Gourmet kitchen with Miele appliances and butler’s pantry

  • Tundra limestone, Venetian plaster finishes, mineral lap pool

  • Quiet street near top schools, parks and Top Ryde Shopping Centre

Whether the $1 reserve is a marketing masterstroke or the future of auction theatrics, one thing’s sure: this isn’t your average Ryde listing.

Bidding starts with a gold coin. Final sale price? That’s anyone’s guess.



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Atlas Real Estate is reimagining how people connect with property, combining listings, market insights, local stories and lifestyle content in one destination for those buying, selling or simply exploring the market.

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Property has always been about more than buying and selling. A home can represent a fresh start, a long-term investment, an architectural idea or a connection to a particular neighbourhood. Even when people are not planning a move, many still enjoy following the market, researching local areas and discovering the stories behind remarkable homes.

Atlas Real Estate is responding to that wider interest by creating more ways for people to engage with property. Bringing listings, market information, local perspectives and lifestyle stories together, Atlas offers a destination for anyone curious about homes and the communities surrounding them.

It reflects the reality that people approach real estate with different needs and motivations. One visitor might be actively searching for a new home, while another may want to understand recent results in their suburb. Others might be keeping an eye on changing market conditions, exploring an unfamiliar area or simply appreciating thoughtful architecture and premium residential design.

At atlas.com.au, those interests meet in one place. Visitors can browse properties for sale and recent results, while also exploring market insights, featured homes, local stories and introductions to the people behind Atlas. The result is an experience designed to remain relevant before, during and after a traditional property transaction.

“We’re reimagining real estate around how people actually engage with property today — bringing together market insight, exceptional homes, local perspective and lifestyle in a way that feels more relevant and useful,” says Michael Coombs, Director of Atlas Real Estate.

That approach recognises that an interest in property rarely begins on the day someone decides to buy or sell. A future buyer may spend months learning about suburbs, monitoring prices and refining their sense of what they want. A homeowner might follow nearby sales to understand the changing value and character of their area. An investor may be looking for broader market context, while a design enthusiast may be drawn to an exceptional renovation or a distinctive piece of architecture.

By accommodating those different forms of curiosity, Atlas aims to make engaging with real estate feel less transactional and more connected to everyday life. Property is shaped by its surroundings: the streets, businesses, landscapes and people that give a place its identity. Understanding a home therefore means looking beyond its floor plan or sales history to consider the lifestyle and community that come with it.

This broader perspective also gives local stories a meaningful role. Suburbs are constantly evolving, influenced by new businesses, changing demographics, design trends and the people who choose to make them home. Content that explores these forces can help readers build a richer understanding of an area, whether they are preparing to move there or simply want to stay informed about their own neighbourhood.

The same is true of market information. Sales results and property data are most useful when they are accessible and supported by context. Bringing recent results together with insights and local knowledge can help people follow the market on their own terms, without suggesting that every visit must lead immediately to a transaction.

For Atlas, this thinking forms part of “Real Estate, Reimagined”, its broader brand campaign focused on using brand, creativity and technology to deliver a more relevant, useful and human real estate experience. Rather than treating technology as an end in itself, the emphasis is on how it can make property easier and more engaging to explore.

That human focus matters because real estate decisions are often closely tied to significant moments in people’s lives. A move may be connected to a growing family, a new job, a change in lifestyle or a long-held ambition. Even outside those milestones, homes and neighbourhoods remain a source of interest because they reflect how people live and how communities develop.

Atlas’s approach makes room for both the practical and aspirational sides of that interest. Readers can seek out information with a clear goal in mind or browse simply because a property, place or story captures their attention. In either case, they can move easily between homes, results, market perspectives and local inspiration.

The ambition is not to redefine why people care about property, but to reflect the many reasons they already do. By combining useful information with engaging editorial content, Atlas is creating a place for buyers, sellers, homeowners, investors and the property-curious alike.

Whatever brings you to property, discover more at atlas.com.au

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