Venice penthouse for the price of a Sydney apartment

A historic Venice penthouse with stunning postcard views is on the market for roughly the same price as a luxury Sydney CBD apartment.

According to realestate.com.au, Concierge Auctions is listing the property, known as Calle Gregolina, which is nestled in the heart of Italy’s famed canal city of Venice.

The luxury property in one of Europe’s most iconic locations is currently listed for $4.29 million, which is comparable in price to a luxury two-bedroom, two-bathroom apartment in Sydney’s CBD, highlighting just how expensive the Harbour City is for home buyers.

The Venice penthouse comprises two separate apartments with a total of four bedrooms and 430sq m of living area.

With approval, the two apartments could be combined into one larger even more luxurious property.

The official listing notes that the primary residence spans two floors with four bedrooms and a 14sq m rooftop deck with a panoramic view. 

Source: realestate.com.au

The owner’s suite includes private views of the canals, beamed ceilings, terrazzo tile floors, old hardwoods and an antique fireplace.

An expansive oversized arched window offers postcard-perfect views that include a sea of red tile roofs, the soaring Piazza San Marco bell tower, and a glimpse of the city’s iconic canals.

A second one-bedroom, one-bathroom guest residence features an open-plan living and dining room, and separate kitchen.

Source: realestate.com.au

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Rowan Crosby

Rowan Crosby is a senior journalist at Elite Agent specialising in finance and real estate.