23 July 2016
Beach homes ride wave of popularity
The longing for that laidback lifestyle, together with a finite amount of land, has created huge demand for new apartments by the sea.
Nowhere in the Sydney property market has there been more gentrification than in its prime beach side areas.
“Everyone loves a view, as well as being able to live in a seaside location,” says Michael Fox, managing director of CostaFox which is developing the $43-million Bower, six luxury homes designed by Koichi Takada on the waterfront at Manly.
“We’ve had an overwhelming interest in our project. There are a lot of local empty nesters looking for high-end product and who understand that spectacular location, between Manly Beach and Shelley Beach, better than anybody. It’s the kind of special site that deserves the best kind of home we can provide, and there are a lot of people looking for top quality.”
That was also the same experience of the developers of the iconic Pacific Bondi beach, on Campbell Parade. “I think it’s about having an inspiration lifestyle,” says Eduard Litver.
102 Bower Street and 12-13 Marine Parade, Manly Beach
As the designer of the new $43million development of six luxurious apartments right on Manly’s Fairy Bower, architect Koichi Takada decided the building shouldn’t be a show-stopper. Instead, it should stand back to allow the stunning ocean views to grab the limelight. “In the end, it’s about less being more,” says Koichi Takada. “I really believe than. The more is the view and surroundings, the light and the lifestyle, and the amazing buss you get from being there. And the less should be the design. That should be more about giving everything else a platform to be enjoyed, for some to really celebrate what it’s like to be living there.”
Developer CostaFox’s planned four-level building Bower, on a 1190-square-metre, freehold oceanfront site, a two-minute walk to the aquatic reserve of Cabbage Tree Bay, will have glass balustrades to make the most of the vistas. Its exteriors will be clad in sandstone, with a wave shaped horizontal composite timber screen echoing the location. The interiors are by Mim Design, with heated stone flooring the same colour as the rocks on the beach and the palette of the walls and furnishings referencing the outdoors. All the penthouse-style apartments will have an audio system and automated lighting, blinds and air conditioning. “It’s such a spectacular setting, it’s really inspirational,” Takada says. “It’s so close to the water, you almost feel you’re floating. I think apartments like this, in this kind of setting, are really the Australian dream.”
Two-bedrooms (156-172 square metres internally) $4.2million – $4.7million
Three-bedrooms (239-322 square metre) $7million-$9.5million
Completion expected early 2018