A luxurious beachfront penthouse in Manly is poised to make local property history when it launches next week with a $40 million price guide—potentially exceeding the suburb’s current record by approximately $6 million.
The five-bedroom Waillea penthouse, located at 14/133-137 North Steyne on the northern end of the beachfront, represents what Belle Property Manly agent Anthony Calacocci describes as a unique opportunity in the prestige apartment market.
The sprawling 717-square-metre residence occupies the entire top floor of the Waillea building and is owned by former investment banker Peter Hunt and his wife Tania de Jong, who purchased the property off the plan in 2008 for $12.2 million.
At the time, the purchase price raised eyebrows among locals, particularly the concept of combining two penthouses to create a single mega-residence. The couple’s vision resulted in a home with 30 metres of ocean frontage, five bedrooms, five bathrooms, five lock-up garages, and an expansive balcony.
Mr Hunt said the property’s extensive beachfront exposure sets it apart from typical apartments in the area.
“Most beachfront apartments have only a small exposure to the ocean, while this penthouse has the longest side facing the sea and almost every room enjoys the view,” he explained. “The property is very quiet—you only hear the sound of the waves and hardly any traffic sounds.”
Mr Calacocci will launch the property on Monday, 2 February, with an expressions of interest campaign. He believes recent sales activity demonstrates strong demand for premium beachfront properties in Manly.
According to market data he provided, leasehold apartments in Aurora were selling for more than $75,000 per square metre three years ago, while Oceania units are now achieving $85,000 per square metre. The Waillea residence is priced at $100,000 per square metre.
Recent comparable sales include the Oceania penthouse at $22 million, Aurora apartments reaching up to $16 million, and last year’s Ondas penthouse sale at $18.05 million.
The residence features 2.7-metre-high ceilings, lift access, and living areas that open onto a large deck complete with a jacuzzi, outdoor shower, and two Vergolas.
Mr Hunt enjoyed a distinguished career in finance, including roles as executive director at Macquarie and at Bankers Trust before co-founding boutique investment bank Caliburn, which was later acquired by a United States-based bank for approximately $180 million. He retired from banking in 2018.
The couple are well known in the Manly community for founding the Manly Women’s Shelter, which later became Women’s Community Shelters of NSW. The model is now expanding into Victoria.
“I didn’t think there could be a problem in Manly at the time, and I was appalled when I realised the extent,” Mr Hunt said of the homelessness issue that prompted their philanthropic work.
The couple are relocating to Byron Bay, though Mr Hunt acknowledged it took considerable time to decide to list their Manly home.
If successful at the $40 million price point, the sale would establish a new benchmark for prestige apartments north of Sydney Harbour. Currently, Manly’s property record sits at approximately $34 million for a contemporary mansion on Bower Street, while the north shore apartment record stands at $28.25 million for the Kurraba Residences penthouse at Kurraba Point, which sold late last year.
The sale would still fall short of the north shore house price record of $50 million, set by the Mosman home of philanthropist Diane Balnaves at 11 Kirkoswald Avenue.
Published 30-January-2026
