Corner Block with DA Approval offers Endless Opportunity zoned R3

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Property in Rose Bay NSW 2029

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$12M - $13M Medium Confidence Calculated based on our search observations.

House 4 Beds 2 Baths 2 Cars 560 m²

Listed: 19th Jul 2026

Updated: 9 hours ago

Overview

This property sits on a highly desirable 560 square meter corner block in Rose Bay, offering significant development potential under the R3 medium density zoning. Perfectly positioned at the intersection of Hamilton and Spencer Streets, its location offers a peaceful suburban feel while being conveniently close to local amenities like Rose Bay village shops, eateries, Harris Farm, and the Parisis Food Hall.

The existing single-level residence currently provides four bedrooms and two bathrooms, complemented by a sun-drenched courtyard, a level lawn, and a swimming pool. This layout provides immediate livability while also serving as a sound investment or redevelopment opportunity.

What sets this property apart is the DA-approved plan to construct a boutique block of three apartments with parking — a rare chance for savvy developers or families with ambitious plans (subject to council approval). Alternatively, there is considerable scope to rebuild a duplex or create a bespoke contemporary family home tailored to modern lifestyle needs.

Prime corner position in a popular harbourside suburb
DA-approved development plans enabling multiple apartments
Potential to rebuild a modern family residence or duplex (STCA)
Close access to public transport, prestigious schools, Bondi Junction and beaches
Ideal for developers, investors, or families seeking a peaceful yet connected community setting

Overall, this property represents a compelling blend of lifestyle appeal, investment potential, and extensive redevelopment possibilities, all within one of Sydney's sought-after eastern suburbs.

Local Market Insights

In Rose Bay, Quiet Listings observed 4 new houses entering the market over the last 30 days, unchanged from 4 in the prior period, with an average advertised asking price of $16,780,414. The property type mix of listed properties is predominantly Apartments at 45%, followed by houses (23%), and commercial properties (18%). The most active agency for houses in the Rose Bay area is currently Sotheby's International Realty, representing 50% of new listings, followed by Laing + Simmons 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.