Francesca Packer-Barham has listed her grand five-bedroom apartment atop the Horizon in Darlinghurst.
The five-bedroom level 40 residence in the landmark Harry Seidler-designed building has come to market with David Malouf of Highland Double Bay and Monika Tu of Black Diamondz behind the marketing.
The whole-floor home, which last sold for $15.8m in 2019, now has an asking price of $32m according to Malouf.
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One of the largest single-level apartments in Sydney, Billionaire Packer-Barham’s unit measures 565sq m and has four balconies as well as an incredible eight-car garage on title.
Despite recently arriving Down Under and being snapped partying in Coogee, the eldest granddaughter of Kerry Packer has decided to offload the apartment given the fact she’s devoting more time to living in London.
Malouf said the move from Packer-Barham, granddaughter of the late Kerry Packer and daughter of Gretel Packer and her ex-husband Nick Barham, to sell comes during a flurry of activity in Sydney’s top-end market with cashed up vendors on the look out for suitable downsizer options.
“There are several homes in the Eastern Suburbs listed at price points exceeding $50m to $70m, raising the question of where these owners will go next,” he said.
“Francesca’s apartment perfectly aligns with the expectations of buyers at this level, offering the ultimate in sophistication and grandeur.”
He added that the demand for substantial apartments over 400sq m internally is “incredibly high” among both expats and locals.
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“This residence meets demand, providing an offering that’s currently lacking in supply in the Eastern Suburbs,” he said.
“Interest in the property has already been substantial, even prior to its official market listing, underscoring the pent-up demand for residences of this calibre.”
Located in the iconic 43-level Horizon complex, the standout residence has been reinvented since the building’s completion in 1998 with contemporary interiors by the award-winning interior firm Mim Design. As well as designer finishes throughout, the home has enviable 360-degree views of Sydney’s skyline and the picture perfect harbour backdrop.
In addition to five bedrooms, there are five ensuite bathrooms, a separate powder room, and a self contained apartment with separate access. The apartment features a kitchen with Cote d’Azur marble and a butler’s pantry, plus a wine cellar, a marble fireplace, media room, main bedroom wing with dual walk-in wardrobes, an infra-red sauna, private lift lobby, keyless entry, fingerprint scanning and facial recognition access.
In 1999, the Horizon received the Australian Institute of Architects Wilkinson Award, recognising excellence in residential architecture. The building features a 24-hour concierge, swimming pool, tennis court, fitness centre and private gardens.
Since it sold off the plan to property developer Bob Ell in 1996 for $3.035m, the same apartment was sold in 2009 for $6.7m to car dealer Neil Sutton, then to Julie Graham wife of Melbourne eye specialist Dr Glen Fernando in 2017 for $9.38m.
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