Developers are making a bold new claim that Double Bay now rivals Beverly Hills, and they are backing it with a new $60 million penthouse designed to redefine the suburb’s skyline.
The residence will be the ‘crown jewel’ atop a four-level commercial building known as Ruby House. This new development aims to more than double the suburb’s current apartment record, a $24.95 million sale set in 2022.
A New Benchmark for the Suburb
The scale of the proposed penthouse is a first for the area. It will cover 1,100 square metres on title, a size almost unheard of for apartment living. This space is reportedly split between 550 square metres of internal living space and 650 square metres of outdoor terraces.
The internal layout includes features like three-metre vaulted ceilings, a private wine cellar, a library, and a wellness retreat. The plans also include a ‘great room’ intended for large-scale entertaining.
Security and privacy are central to the design, which includes a private six-car garage and a direct lift exclusively for the penthouse. The extensive north-facing terraces, designed by landscaper Wyer & Co, will feature a spa, a full outdoor kitchen, and dining areas, all with panoramic views over Double Bay.
Changing Face of the Village
This project is the latest and most expensive example of the suburb’s ongoing evolution. Developer Charles Mellick of Fortis stated that his firm’s owner, Pallas Group, has been a key player in reshaping Double Bay over the last five years.
He believes this investment has helped turn the area into one of the country’s most desirable lifestyle precincts.
This transformation includes other significant developments, such as Pallas House on Guilfoyle Avenue. That commercial building is now home to high-profile tenants like celebrity chef Neil Perry and the popular Baker Bleu bakery.
Ed Eve, the general manager of Pallas Group, noted that Double Bay always had potential. He said it just required the right vision and investment, which he believes is now helping it become a social and cultural centre. The group’s work in the area is not finished, with plans for ‘Forum,’ a luxury co-working space, to begin operating early next year.
A ‘Beverly Hills’ Vision
Mr Mellick was bold in his comparison, stating that Double Bay is entering a new period that mirrors the glamour and polish of Beverly Hills in Los Angeles.
This new penthouse is seen as the landmark that defines this new standard of prestige. Alex Lyons of Raine and Horne Double Bay, who is managing the listing, described the residence as the largest and most meticulously finished penthouse in the eastern suburbs, suggesting it would be impossible to duplicate at any price.
The agents involved believe the home will suit a buyer who values high-end architecture and may live internationally, needing a secure and luxurious Sydney base.
Published Date 06-November-2025
