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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

Location
Market Insights for Adelaide SA 5000
New Listings (last 30 days)
36
Average price
$720,361
Lowest price
$270,000
Highest price
$1,600,000
Other properties in this postcode

601/278 South Terrace, Adelaide SA 5000

$2,650,000

Listed: 26th May 2026
Updated: 31st Jul 2026
Overview

This exceptional penthouse apartment is located on the 8th floor and offers a luxurious and relaxed lifestyle with spectacular panoramic views over the City of Adelaide, the Adelaide Hills, and even the sea. It presents a rare opportunity to enjoy the vibrant city atmosphere alongside the tranquility of the nearby Adelaide Parklands.

Conveniently situated just minutes from the CBD, residents can easily walk to local markets, shopping precincts, restaurants, and a variety of boutique cafes nestled within the city streets. The area is renowned for its charming cafes, perfect for casual coffee breaks and light meals.

The spacious apartment features three bedrooms and two bathrooms, complemented by three secure car parking spaces and additional storage. Expansive balconies provide timeless views, ideal for witnessing sunrises, sunsets, and the moon rising over the hills on clear nights.

Key property features include:

  • Modern kitchen equipped with premium Miele appliances, including a 900mm oven and dishwasher
  • Stone bench tops paired with timber counters in the kitchen
  • Butler's pantry for additional storage and preparation space
  • Wine fridge and integrated refrigerator
  • Bathrooms with stone top double vanities and a bath
  • Full-size laundry with ample storage
  • Secure keyless entry and intercom system for enhanced security
  • Garage accommodating three cars plus extra storage space

Building areas are approximately as follows:

  • Living area: 132 sqm
  • Terrace: 54 sqm
  • Garage: 49 sqm
  • Storage: 4 sqm
  • Total: 239 sqm

This penthouse offers a superb lifestyle opportunity combining luxury, space, and breathtaking views in a prime location close to all amenities.

Local Market Insights

In Adelaide, Quiet Listings observed 36 new apartments entering the market over the last 30 days, up from 22 during the previous 30-day period, with an average advertised asking price of $720,361. The property type mix of listed properties is predominantly Apartments at 81%, followed by houses (6%), and townhouses (6%). The most active agency for apartments in the Adelaide area is currently Ray White, representing 22% of new listings, followed by S’avance Real Estate with 19%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.

Change History
Headline When
$2,650,000
Contact Agent
$2.75M