Brisbane’s biggest penthouse hits the market

Ray White Collective principal Matt Lancashire is marketing this unparalleled residence at 5201/71 Eagle St, Brisbane, which sits atop the prestigious Riparian Plaza, and boasts an unrivalled position in the city on the Brisbane River edge with breathtaking 360-degree views.

Contracted off-the-plan in 2001, this exceptional apartment was initially intended to be two complete penthouses. After negotiating their purchase to be for one redesigned apartment, the Pearces paid $7,370,255 for the shell in early 2006

The Seidler designed fit out was completed at a further cost of $4 million for the fittings and $1 million for the interconnected technology. The Pearce family moved into their furnished home in November 2006 in what Harry Seidler himself declared as “the best apartment in the southern hemisphere.”

John Pearce, turning 80 next birthday, explained, “As a matter of estate planning, Sandra and I feel it’s the right time to test the market. Our children have left home, and we are now the sole residents of this very large family home.

“I don’t think people realise this apartment is even here. It’s like a hidden gem in the middle of the city atop an A Grade commercial building.”

“During our time in the apartment, apart from family and friends, we have hosted numerous sporting personalities and teams such as Rod Laver, Roy Emerson, Sir Garfield Sobers, the Australian Test Cricket team of 2015 and the Brisbane Lions and Sheffield Shield teams over almost 18 years,” Mr Pearce said.

The biggest apartment in Brisbane on a single level comprises over a quarter of an acre of floor space on one level (784 sqm internal, plus 262 sqm of balconies, totalling 1,046 sqm). Externally the apartment has a 233 sqm amphitheatre style main balcony and there’s a generous eight side-by-side car parks totaling 166 sqm with two of them being enclosed. The entire apartment, including the car accommodation, totals an impressive 1,212sqm.

The internal fit out includes five bedrooms, seven bathrooms, a large kitchen and separate family dining room, huge lounge and formal dining room, seven seat theatre, games/trophy room, full wet bar with beer on tap and a temperature-controlled cellar that fits 720 bottles, two cold rooms and a large laundry room.

Also featured are Italian Nero Granite floors tiles (each weighing 75kgs), Calacatta Gold marble walls and back lit onyx marble feature walls.

This fantastic location is all within an A Grade Brisbane commercial building designed by Harry Seidler with 360 degree views from 190m above Eagle Street. The property sits on the Brisbane River in the heart of the CBD with views that include the Great Dividing Range, the Glass House Mountains to Moreton Bay and the Pacific Ocean.

The property is being marketed by the top prestige agent in Queensland, Matt Lancashire of Ray White Collective, based at New Farm.

"There is nothing like this apartment for sale anywhere in Brisbane if not Australia,” said Matt Lancashire. “Its spectacular 233 sqm external amphitheatre entertainment area offers a north/east aspect with 180-degree views of Brisbane, the Bay Islands, and the ocean.

“The amenities are truly unmatched, from the four permanent sun umbrellas wired for sound, and lighting, to the unpolished Nero black granite surfaces, stainless steel barbeque with mains gas, and the circular 6m diameter pool.

“This space is designed for both grand entertaining and intimate gatherings, enhanced by flood lighting and mood lighting. It’s unparalleled and in a class of its own."