3/658A New South Head Road, Rose Bay NSW 2029

North-facing corner | 122sqm oversized floorplan | boutique beachfront block | uninterrupted harbour views | dated with renovation potential This unit presents a rare combination of a generously sized, sun-soaked floorplan in a low-density, iconic Art-Deco building positioned directly on Rose Bay beach. Its north-facing corner aspect guarantees permanent, panoramic views with no future development risk, a definitive competitive edge over typical suburban apartments. The property’s scale and premier position serve a buyer seeking a blue-chip lifestyle asset with the character of a bygone era, suited for either a permanent occupier appreciating original details or a visionary purchaser with renovation plans. The decision hinges on accepting dated interiors and strata costs for a irreplaceable location. The financial commitment includes quarterly strata levies and council rates, while the flood overlay necessitates specific insurance enquiries. The opportunity lies in capitalising on the oversized footprint and original condition to add value through a sympathetic renovation. This is a hold property for long-term capital growth driven by its scarcity; it is not a high-yield rental play. A PropCred report would precisely quantify its market valuation against comparable waterfront sales, detail the flood overlay implications, and provide a checklist for strata health and renovation feasibility. Recent sales in the related building at 658 New South Head Road provide context. A one-bedroom unit in the same complex sold for $800,000 in early 2025, having appreciated from $543,000 in 2014. This demonstrates strong long-term capital growth and a stable, owner-occupier dominated building. For this larger, two-bedroom corner unit with superior views, the value inference is a significant premium over that sale price, anchoring its valuation well above standard suburb stock.