Artist’s impressions of the unfinished AYE penthouse, which sold for circa $22m … You can see the water from the balcony, but not the beach.

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An unfinished Bondi Beach penthouse has sold for circa $22m and it’s not even on the beachfront and you can’t even see the beach.

Designed by world-renowned architect Koichi Takada, the AYA penthouse in the Aqualine at 45 Hall St is the largest single-level apartment in the suburb at 353sqm and has four bedrooms, 4.5 bathrooms and two parking spaces.

Ray White Projects principal Eddie Mansour, who sold the apartment to local downsizers alongside Jeremy Wiesner of Wiesner Property, said the attraction was that it was on one level and the size.

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It was the size that mattered for these buyers — the apartment has a whopping 353sqm of living space.

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The apartment will be complete in a few weeks.

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“When we marketed this apartment, we said ‘size does matter in Bondi Beach’, which was a bit tongue in cheek at the time, but an apartment of this size on a single level is pretty hard to replicate,” Mansour said.

“You really can feel the proportions as you walk through it.”

At $62,000 per sq m, you’re getting a really decent bang for your buck on a per sqm rate basis.

And it just goes to show that good-look beach views aren’t everything, at least for some buyers.

“The AYA penthouse faces out towards Bondi, you get a view of the water from the balcony, but not the beach,” Mansour said.

The 353sqm AYA penthouse sits atop the Aqualine apartments in Hall St, Bondi Beach.

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It’s designed by the world-renowned architect Koichi Takada.

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The most expensive single apartment to sell in Bondi Beach is $24m, which was paid by Multiplex heir Andrew Roberts in December, 2022, in Notts Ave with a panoramic 24m frontage capturing northerly views across Bondi Beach to the Ben Buckler headland.

But that apartment is just 190sqm so the price paid equates to $126,000 per sq m.

The other relevant sale is $23m paid in June by the Goodman Australia chief and former Wallaby Jason Little and his wife, Bridget, for the penthouse in the Hall & Campbell deveopment.

It was just the gutted shell in the Allen Linz and Eduard Litver project overlooking the beach, with parking for two cars and an additional downstairs apartment.

But again, at 220 sqm (so $105,000 per sq m), the Littles’s split-level apartment is a bit on the tiny size when compared with the massive AYA penthouse.

As you might expect, the 4.5 bathrooms in the penthouse come with the very best finishes available.

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Even the dressing room in the master suite is huge!

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The biggest price paid in Bondi Beach is $32m, but that was for a consolidation of three penthouses in the Bondi Pacific next door.

Mansour says if AYA was on the beachfront, it would go higher than that.

“High $30-millions, that’s what I personally think, if it was on the beach,” he said.

If you’re interested in an apartment in Aqualine, which has 12 units all up, you’ve missed out as they’re all sold.

Though Mansour says he may have a circa 110sqm three-bedroom apartment resale coming up.

Aqualine was developed by Moshav Financial and constructed by Lords Group.