Ground floor in Del Rio
Del Rio, Elizabeth Bay
A 2-bedroom apartment in ‘Del Rio’ in Elizabeth Bay was listed this month with expectations of approximately $4.75 million. *Update: The apartment was reported to have sold on June 7 2013 for $4.25 million.
The waterfront apartment block was designed by architect J. Spencer Stansfield in 1928 and was one of the first Spanish Mission-style buildings in Elizabeth Bay. With just five apartments, it is rare to see one for sale. Last year, Apartment 2 sold for an undisclosed price (it was listed with expectations of $4 million-plus).
The 250 sqm ground-floor apartment originally had 3-bedrooms but was renovated by Garth Barnett Designers and converted into a spacious 2-bedrooms. The apartment was purchased in 2001 for $1.96 million and $1.5 million has been spent on renovations.
Listing information and images via Realestate.com.au
‘Del Rio, Elizabeth Bay trophy home $4.75 million listing’ Property Observer, May 23, 2013.