Sydney's top end remains strong amid fierce demand for prestige property

A unique family home on a rare 1000sqm piece of land overlooking the city skyline and Harbour Bride in one of Sydney’s most exclusive streets has been listed today with a price guide of $20 million.

Selling agent David Malouf, Director of Highland Double Bay Malouf, has today listed 50 Kambala Road, Bellevue Hill – a  multi-storey contemporary masterpiece encompassing 5 bedrooms, 4 bathrooms, with multiple substantial parking and huge backyard complete with an outdoor fireplace and heated swimming pool.

With a price guide of $20 million, the home has rocketed onto the market with impeccable timing amid a growing shortage of prestige family homes, according to Mr Malouf.

“It’s very rare to find a house in Bellevue Hill with such incredible views and with a desirable prestige address,” he said.

“We are seeing a lack of supply in the top end market for substantial family homes, especially on large blocks of land and even more so in such sought-after positions.”

Spanning over three floors and showcasing flawless Marco Meneguzzi interiors, the meticulously designed home boasts seamless transitions between private entertaining spaces, manicured gardens and a swimming pool.

This particular Bellevue Hill property offers an exclusive sweeping backdrop of the city skyline and Harbour Bridge, alongside high-end family living facilities – including lower-level retreat, steam room, and rumpus room.

It is also located within less than a kilometre of Scots College and Cranbrook School – two of Sydney's most highly recommended private schools.

“This home fills a major gap in the market for a substantial family home that ticks all the boxes. It offers a pleasant space for the kids, amenity for entertaining and walking distance to two highly recommended private schools in the Eastern Suburbs,” said Mr Malouf.

“There is a noticeable lack of prestige family homes which will continue to keep the buyer demand strong.

“There is no doubt the property market in a whole is undergoing a slight adjustment, however, I do not believe we are going to see a substantial shift in the top end market as there is still plenty of people in a position to transact for the right property.”

The 50 Kambala Rd property is one of several substantial high-end properties currently listed by Highland Double Bay Malouf. One of these is a jaw-dropping Vaucluse trophy home at 13 Queens Avenue which hit the market with a buyer’s guide of $41 million and has already received very strong enquiry to date.