Top Sydney builder developer Central Element (CE) is set to rewrite Bondi’s property history with the highly anticipated release of the Pearl Penthouse – the pinnacle of its $150 million Pearl Bondi project.

Set to become the coastal suburbs most exclusive and high-end residence to date, with an asking price of $30 million, this ultra-luxurious apartment is expected to smash the suburb record (last set at $24 million in 2022). Offering four bedrooms, 3.5 bathrooms and 17m east-facing frontage with uninterrupted ocean views, the 328sqm Pearl Penthouse marks a once-in-a-lifetime opportunity to secure one of the most spectacular oceanfront residences in Bondi.

Breaking suburb records is nothing new to CE, having set a new record for Coogee with the $20m off-market sale of its three-bedroom penthouse at Ballamac House, back in April 2024.

Positioned on Sandridge Street between Bondi and Tamarama, Pearl Bondi will boast a level of design excellence, quality and prestige unlike anything else on the market. MHNDU has masterfully designed each residence to maximise the uninterrupted ocean views and direct access to the Bondi to Bronte Coastal Walk.

The collection comprises of five house-like proportioned apartments that cascade towards the shoreline with access to Wilga Street, while the two Torrens titled houses are perched at the site’s peak. Nearly 500sqm of lush landscaping by Dangar Barin Smith enhances the setting, while Madeleine Blanchfield Architects delivers interiors defined by quiet luxury – timeless, natural and deeply connected to Bondi’s coastal soul.

When it comes to selling Bondi’s most exclusive addresses, CE has called in Bondi’s top selling agents – a powerful team of local experts behind Sydney’s biggest coastal records:

• Alexander Phillips, PPD Real Estate – Australia’s undisputed king of prestige property and the force behind some of the country’s most significant coastal sales. His record-breaking achievements include the $11m sale of a one-bedroom apartment on Notts Avenue, Bondi – setting a national price-per-square-metre record – as well as landmark deals in Bronte, including a $25m private sale and a $23.5m auction record.
• Alex Lyons and Ric Serrao Raine & Horne Double Bay & Bondi Beach – Renowned for setting new benchmarks across Sydney’s eastern beaches, Serrao has led some of Bondi’s most exclusive sales, including a record $10m for a Ben Buckler knockdown and more than double the price guide for a studio apartment in Bondi. Lyons is looking to break another Bondi record, with a two-bedroom apartment on Notts Avenue listed for $17m.
• Eddie Mansour, Ray White Projects – A specialist in prestige off-the-plan sales, Mansour is the closer behind a $22m deal for the AYA Penthouse on Hall Street, Bondi. Spanning 353sqm, it stands as Bondi’s largest single-level apartment and one of the suburb’s most significant pre-completion sales.

Nathan Chivas, Managing Director of Central Element, spoke to the vision behind Pearl and the significance of bringing such an ambitious, design-led project to market in Bondi:

“With Pearl, we set out to create something truly exceptional – a legacy project in every sense. We’ve brought together a team of acclaimed local design talent who understand Bondi intimately and share our passion for crafting something extraordinary that honours its setting.

“At its heart is the Pearl Penthouse, the most luxurious and prestigious offering the suburb has ever seen. Every element – from the 17-metre frontage to the timeless interiors – has been crafted to create a sanctuary that connects deeply with Bondi’s coastal energy. It’s a hidden treasure revealed only to a privileged few and we expect demand for the Pearl Penthouse to reflect the rarity of what’s on offer.”

Peal Bondi will launch to market early August 2025 by appointment only, with construction set to commence Q4 2025.

Related Central Element reading:

Central Element receives DA approval for $150m ‘Pearl Bondi’ project | The ASEAN Developer