In a record-breaking sale, a newly constructed home at Fairy Bower, Manly, is believed to have smashed the suburb’s price record by $10 million, making it the second-highest sale in the history of Sydney’s Northern Beaches.
The property, at 44 Bower St and designed by Madeleine Blanchfield Architects, had a guide price of $35 million and reportedly sold for a figure close to this after being on the market for just two weeks, according to realestate.com.au.
The sale was facilitated by agents Michael Clarke and Cherie Humel of Clarke & Humel, who have not disclosed the identity of the buyers.
The luxury residence features five bedrooms and four bathrooms and was described in its listing description as, “Meticulously designed by the award-winning Madeline Blanchfield Architects to fully optimise one of the finest parcels of oceanfront land in Manly’s most exclusive cul-de-sac, this brand-new state-of-the-art trophy home is unequivocally one of the finest residences ever to be offered for sale on the Northern Beaches”.
“Sculpted into the cliffs above Cabbage Tree Bay with a brilliant northerly aspect, the tri-level residence is perfectly positioned to showcase intimate, crystal clear ocean views below in addition to an uninterrupted 180-degree panorama stretching over Shelly Beach and the Fairy Bower headland to the wide Pacific horizon that extends to The Central Coast and traces the northern coastline back down to Manly Beach.”
Owned by Justine Acret, the spouse of Chris Acret—co-founder of mortgage brokerage Smartline, which was acquired by REA Group in 2017— sits on leasehold land owned by the Catholic Church and features sophisticated design elements including an open-plan living area with high 3.8m ceilings and Calacatta marble kitchen benches.
Nearly every room offers ocean views, enhancing the property’s allure along with its heated infinity pool.
The home is also conveniently located just a two-minute walk from Shelly Beach.
This sale eclipses the previous local record of $25.05 million set last year for a property across the street, also sold through Clarke & Humel.
The highest transaction recorded on the Northern Beaches remains at $40 million for a Palm Beach property purchased by Ian Malouf in 2022.
