A tightly held harbourside landholding in Sydney’s eastern suburbs is set to test the depth of capital targeting premium development opportunities, with 11-13 Ocean Avenue, Double Bay to be offered with price expectations north of $80 million.
The 2,694 sqm elevated site, positioned within walking distance of Double Bay village and just 100 metres from the Edgecliff transport hub, presents a rare combination of scale, outlook and planning upside in one of the country’s most constrained residential markets.
Comprising 12 existing apartments, the property offers holding income alongside future redevelopment potential, underpinned by the recently introduced Low and Mid-Rise (LMR) housing policy, which is expected to unlock increased density across key infill locations.
The property is offered for sale exclusively through Cushman & Wakefield’s Matt Pontey, Miron Solomons and Jake Smith on behalf of a fully aligned ownership group being advised by Theo Triant or IREON.
Matt Pontey of Cushman & Wakefield said the campaign comes amid a continued flight to quality, with investor and developer demand increasingly focused on tightly held Eastern Suburbs sites that offer both location credentials and planning flexibility.
“Buyer interest is expected to be driven by groups seeking to secure scarce landholdings with the ability to deliver premium residential product.
“We’re seeing strong depth of capital targeting blue-chip Eastern Suburbs sites, particularly where there is a clear pathway to unlock additional density and deliver high-quality residential outcomes,” he said.
The offering follows a series of tightly contested campaigns across the Double Bay and broader Eastern Suburbs market, including the nearby 41 William Street site, which is currently in due diligence and expected to set a pricing benchmark.
Miron Solomons of Cushman & Wakefield said the Ocean Avenue site stands out for its combination of fundamentals and future potential.
“Opportunities of this scale and positioning are exceptionally rare. The elevated outlook, proximity to the harbour and immediate access to transport and amenity create a compelling platform for a premium development outcome,” he said.
The property will be offered for sale through Cushman & Wakefield via an expressions of interest campaign closing Wednesday 13 May 2026.
