Newspaper article International Herald Tribune

On South Coast of Australia, Beaches and a Short Commute ; Owner Had Penthouse Oriented toward Coastline to Avoid Harsh Sunlight

Newspaper article International Herald Tribune

On South Coast of Australia, Beaches and a Short Commute ; Owner Had Penthouse Oriented toward Coastline to Avoid Harsh Sunlight

Article excerpt

Owner of three-bedroom penthouse had it oriented toward coastline to avoid harsh sunlight.

People who think they have to choose between city and beach, between convenience and long drives, take note. A luxury penthouse for sale in this coastal suburb of Adelaide, Australia, offers broad stretches of golden beach and a 20-minute commute to the city center.

The asking price for the three-bedroom, two-bath apartment is 1.55 million to 1.65 million Australian dollars, or $1.64 million and $1.74 million. The price includes all furnishings, down to about 80 bottles of wine and two parking spaces in the building garage.

An additional 495,000 dollars will secure a 13-meter, or 42.6- foot, berth in the adjacent marina.

"I picked this apartment for myself because it had stunning views but was sheltered from the sun and blowing sand," said David Rice, one of Adelaide's leading developers. He paid 1.4 million dollars for the penthouse in 2006, when his company, Urban Construct, erected the building.

To avoid the strong Australian sun, he had the apartment oriented sideways, creating views along the coast, rather than facing directly onto the Gulf St. Vincent.

His son, Sam, an events planner and furniture designer, chose the modern decor and has been living in the apartment recently.

The 185-square-meter, or 1,991-square-foot, unit includes a large, open-plan living and dining room with a kitchen area, gas fireplace and access to a balcony big enough to have a sofa, dining set and grill. The main bedroom has an en suite bath with spa and bidet.

The building has a fitness area with a heated pool, sauna, spa and gym. Annual maintenance fees are 7,200 dollars.

Situated 10 kilometers, or about six miles, from Adelaide, Glenelg's 3,500 residents live in a combination of single-family houses and apartment buildings, including a line of luxury high- rises along the beachfront. The development of the marina area 14 years ago started a price boom that continued through 2006, then stalled.

"Sales of prestige suburban beachside property have been flat," said Andrew Wilson, senior economist for Australian Property Monitors, a nationwide supplier of property data. …

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