5/28 Billyard Ave, Elizabeth Bay sold for $28m — the highest priced unit in the suburb.
The man who made his fortune out of Sydney’s M4 motorway has sold his Elizabeth Bay waterfront apartment for a cracker $28m — a record for a unit in the suburb.
An Instagram post advises the four-bedroom apartment at 5/28 Billyard Ave — “one of the finest waterfront garden apartments in Sydney’s eastern suburbs” sold via Richardson and Wrench Elizabeth Bay’s Jason Boon with his colleague Geoff Cox in an off-market deal.
Records show Alan Livingstone and his wife Daryl bought the property, which also has four bathrooms and a four-car garage, for $6.5m in 1998, the year it was built.
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The Billyard Ave apartment has incredible views.
It’s described as “one of the finest waterfront garden apartments in Sydney’s eastern suburbs”.
Two years later, in late 2000, Mr Livingstone collected a major windfall when Macquarie Infrastructure Group paid $153.4m for a 50.6 per cent stake in Statewide Roads, which built the M4.
He’d been the major shareholder and managing director of Statewide Roads.
The six-unit block has been very tightly held, with the most recent sale $6m for a three-bedder in 2022 and the previous building record $11m for a four-bedder in 2010.
In late 2023 it was publicised that yachtie Matt Allen’s purchase of an apartment in the nearby Billyard Ave development had set the suburb record for “about $30m”, via Boon.
29 Challis Ave, Potts Point. sold for $18.5m.
Beck bought the residence for $13m from socialite and jeweller Heidi Onisforou in 2016.
But this week’s settlement of the now completed luxury Billyard Ave project is expected to show Allen’s actually paid less than $28m, because of changes to his apartment’s design.
It was a big week for Boon, who also had a hand in the sale of the Potts Point terrace-style home of lawyer Karen Beck for $18.5m, in conjunction with Harriet France of Sotheby’s and Darren Curtis of Forbes.
She’d bought the Challis Ave residence for $13m from socialite and jeweller Heidi Onisforou in 2016.
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