The Rich Lister and property developer has re-listed his luxury Terrigal penthouse – for almost double the guide price it had four years ago.

It was Tony Denny’s most luxurious listing to date – so much so that when he first put it on the market, he couldn't bring himself to let it go. 

High-end features include a Gohera limestone-tiled kitchen with Miele appliances. Picture: realestate.com.au/buy

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The BRW Rich Lister and Central Real property developer listed the penthouse of his immensely popular Elysium complex in early 2020, before deciding to keep it for his family. 

Back then, the property had an auction bidding guide of $4.5 million to $4.9 million, with the price guide now almost doubling to $8 million. 

Developer and former car dealer Tony Denny is selling his Terrigal apartment. Picture: Getty

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At the time, Mr Denny described the penthouse as a “once in a lifetime” opportunity. 

“It’s what you’d expect to see at Bondi or the Northern Beaches in a luxury penthouse but at a fraction of the cost of what you’d pay in Sydney,” he said. "It is nothing short of spectacular.” 

The architecturally designed north-facing penthouse on Terrigal Drive was originally two, with the properties merged into one larger apartment that includes five bedrooms, a six-car garage and private lift lobby. 

The property's key selling factor is its privacy, the agent said. Picture: realestate.com.au/buy

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Agent Mat Steinwede at McGrath Terrigal said it was "an exceptionally rare offering" for the Central Coast. 

“You just won’t find an apartment of this size or location. It has en suites in every room and a 200 square-metre terrace with sweeping water views from Terrigal Haven right around to Wamberal Beach and the lagoon. It's amazing." 

The property's key selling factor is its privacy, Mr Steinwede said. 

"No one looks in, and it sits above everything. It's also in the midst of Terrigal but just far enough away to be peaceful." 

The living area is framed by floor-to-ceiling glass leading to a huge wraparound balcony. Picture: realestate.com.au/buy

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The living area is framed by floor-to-ceiling glass leading to a huge wraparound balcony, while the master suite flows to a separate balcony and a sumptuous bathroom with ocean views from the bath.  

High-end features include a Gohera limestone-tiled kitchen with Miele appliances and butler's pantry, solid French oak floors, a black slate stone feature wall, Ortal gas fireplace, soundproof walls and floors, and underfloor heating in the bathrooms.  

The sought-after Elysium complex has become "iconic" to the area thanks to its resort-style pool, said Mr Steinwede. 

The complex does not allow Airbnbs. Picture: realestate.com.au/buy

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"The 25-metre pool has a swim lane, there's a child's beach area and a huge outdoor spa. It's all set among beautiful gardens that are literally across the road from the beach." 

The Elysium's 64 apartments, which spread across six boutique buildings, were snapped up in less than two weeks in 2017, most to local downsizers. 

The complex also comes with a strict Airbnb ban, an ingredient that has proved popular with local downsizers keen to enjoy their own private sanctuary. 

The property may set the Terrigal apartment sales record: Picture: realestate.com.au/buy

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But as it turned out, the penthouse never became the Denny family's permanent home, with Mr Denny and his wife Helena opting instead to reside in Hardy's Bay, about half an hour south of Terrigal.  

The property is set to smash the Terrigal apartment sales record set by another penthouse at 4/2 Barnhill Road, which sold for $5.5 million in 2021.  

The property has a six-car garage. Picture: realestate.com.au/buy

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Mr Steinwede said the property has so far attracted "reasonable interest". 

"We have motivated buyers and they're from all over, with one having flown in from London. Some are looking for holiday houses, some permanent homes." 

The auction will take place on Saturday, October 12 at 12:00 pm.