David Malouf, Director of Highland Double Bay Malouf, blows Balmain Peninsula sales record out of the harbour with over $19 million sale

David Malouf, Director of Highland Double Bay Malouf, has obliterated Balmain sales records, securing the highest price ever achieved on the Balmain Peninsula with the over $19 million transaction of a restored gothic home gazing upon the Darling Harbour.

The sale of the seven-bedroom property at 24 Pearson Street, Balmain East, smashed the Balmain Peninsula’s existing sales record by more than $4 million – a record previously held by a premium waterfront address.

The property is believed to have been purchase by a non-local buyer out of Melbourne. 

Dating back to the 1860’s, the extraordinary Pearson Street property boasts a rare blend of restored gothic architecture alongside contemporary design enhancements.

The generous 740 sq/m internal living layout contains seven bedrooms including a self-contained Au Pair quarters with water views, multiple living zones including ornate formal lounge and dining rooms, an elegant glass-framed whiskey room and a chef’s kitchen.

Outside, a further 500 sq/m of external living captures an entertainer’s balcony, heated pool, poolside terrace and sunlit lawn.

It’s a rare design standard rivalled only by the breathtakingly intimate views the property captures over Darling Harbour, Barangaroo and the city skyline, all the way to the Anzac Bridge.

The sale was managed by Highland agent David Malouf who had fielded fierce enquiry for the one-of-a-kind property.

“It’s a remarkable feat to secure such a substantial figure in one of the country’s most sought after property pockets, and we couldn’t be happier with the outcome for our client and the home’s new owners,” he said.

“We had multiple parties vying for the property, given the rarity of its position and design, buyers weren’t quick to pass in the opportunity to call this place their own.

“It’s a record made all the more remarkable by the fact that, unlike the previous $15 million record, this property is not waterfront. Instead, it’s value lies in its rare architecture and sheer aperture of view across Sydney’s most famous sights.”

The restoration of the property’s original grand architecture incorporates premium Western Red Cedar, pointed arch windows, pitched double height ceilings, three antique chandeliers and an array of bespoke carved fireplaces.

It’s modern additions shine in the waterfront wing where a voluminous open plan living area displaying soaring double height ceilings and full-length Luxembourg-imported Keller windows capture flooding light and breath-taking panoramas.