DA Approval For 3 Whole Floor Luxury Apartments

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40 Melrose Parade, Clovelly NSW 2031

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$6M - $6.6M High Confidence Calculated based on strong search observations.

House 4 Beds 2 Baths 2 Cars 426 m²

Listed: 25th Jun 2026

Updated: 4 days ago

Overview

Situated in one of Clovelly's most coveted and exclusive beachside neighborhoods, this free-standing bungalow offers a unique and exceptional opportunity. It features Development Application (DA) approval for the development of three entire floor luxury residences, each carefully designed to provide expansive ocean views.

This rare offering presents house-sized apartments that blend elegant architectural design with premium finishes and sophisticated coastal living. This opportunity is ideal for discerning developers, investors, or boutique builders looking to create an exclusive collection of luxury homes in a prestigious Sydney coastal location.

The property enjoys proximity to the golden sands of Clovelly Beach and offers quick access to breathtaking coastal walks, scenic parklands, and the pristine waters of Gordons Bay. The surrounding area also includes vibrant local cafes, boutique village shops, and an unmatched beachside lifestyle.

Beachside free-standing bungalow located just steps from the sandy shores
Development approval granted for three luxury full-floor apartments
Panoramic ocean views available from every future residence
Featuring designer interiors with top-quality finishes throughout
An excellent prospect for developers, investors, and downsizers alike
The current layout comprises four bedrooms, two bathrooms, and two parking spaces
Offers separate living and dining areas, an entertainment deck, and a swimming pool
Within walking distance to village shops, popular cafés, and boutique stores
Surrounded by beautiful scenic walkways and parklands
Convenient access to idyllic Gordons Bay, public transportation, and local schools

Local Market Insights

In Clovelly, Quiet Listings observed 8 new houses entering the market over the last 30 days, down from 12 during the previous 30-day period, with an average advertised asking price of $5,437,500. The property type mix of listed properties is predominantly Apartments at 61%, followed by houses (22%), and townhouses (6%). The most active agency for houses in the Clovelly area is currently Ray White, representing 38% of new listings, followed by Belle Property with 25%. 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.