A luxury penthouse at the new AVRA Bondi Beach development has sold for $25.2 million, setting a new suburb record for an apartment and underscoring strong demand for premium coastal real estate in Sydney’s eastern suburbs.


The 335sqm, four-bedroom penthouse, purchased by an expat dividing time between Sydney and Antibes on the French Riviera, is located within the boutique AVRA development on Curlewis Street, just steps from Bondi Beach.


Developed by Sydney-based Clutch, the project has already achieved significant momentum in the market, with 70% of residences pre-sold prior to completion.


AVRA is a boutique collection of 18 high-end residences, including expansive three-bedroom apartments and a limited number of penthouses, designed to deliver house-like scale in a beachfront setting. The development is located at 135–155 Curlewis Street, only moments from Bondi’s shoreline and hospitality precinct.


Designed by PBD Architects in collaboration with Woods Bagot, the building’s architecture draws inspiration from the sculptural movement of waves and the textures of the eastern beaches, creating a distinctive ocean-inspired façade.


Each residence has been designed to maximise natural light and views, with all apartments north-facing and featuring expansive indoor-outdoor living areas. Penthouses offer particularly generous proportions, with up to 400sqm of indoor and outdoor living space and private lift access directly into each residence.


The record-breaking penthouse sale sits at the top end of the building’s pricing, with entry-level apartments in the development starting from around $10.5 million, reflecting the project’s positioning in the ultra-luxury segment of the Bondi property market.


Earlier sales in the building have already shown demand for high-end beachside apartments, with three-bedroom residences reportedly selling between $9 million and $15 million during the project’s initial launch period.


The $25.2 million sale reinforces the continued strength of Sydney’s prestige apartment market, particularly along the eastern beaches where limited supply and global lifestyle appeal continue to drive prices higher.


For affluent local and international buyers, projects like Avra offer a rare opportunity: large-scale residences with luxury finishes, ocean proximity and the convenience of apartment living in one of Australia’s most recognisable coastal suburbs.


With a majority of the building already sold, the development further highlights the enduring appeal of Bondi Beach as a global lifestyle destination - and a magnet for high-net-worth buyers seeking premium coastal real estate.


Discover AVRA Bondi Beach here.