n505 70 Canning Beach Road Applecross WA 6153
From $3,850.000

DESCRIPTION

Penthouse N505/70 Canning Beach Road, Applecross
Raffles Waterfront | Iconic North Tower
Absolute Waterfront Luxury – A Full-Floor Penthouse Offering Prestige, Privacy and Unmatched Value
Step into an extraordinary lifestyle with this spectacular full-floor penthouse in the tightly held North Tower of Raffles Waterfront, Applecross. Occupying 377sqm on title (205sqm internal living), this four-bedroom, three-bathroom residence presents a rare fusion of grandeur, scale, and sophistication in one of Western Australia’s most prestigious and sought-after riverside suburbs.
Positioned directly on the Swan River foreshore—on land that can never be built out—this is true absolute waterfront living, with panoramic, uninterrupted views from every angle. From Kings Park and the Perth CBD skyline to the South of Perth Yacht Club and beyond, the outlook is both captivating and timeless.
Built to a superior standard with solid double-brick construction and 300mm concrete slabs, this penthouse offers whisper-quiet living, high ceilings, and expansive open-plan interiors. A brand new KONE lift takes you directly into your private, secure foyer—exclusive to your residence—setting the tone for an ultra-private, elevated lifestyle.
Whether entertaining on the oversized north-facing wraparound balcony, enjoying a glass of wine as the sun sets over the river, or relaxing in the opulent master suite with its own balcony access, luxury and tranquillity are a constant presence in this one-of-a-kind home.
Luxury Features Include:
– Full-floor residence with private direct lift access to your own foyer
– Four generous bedrooms including a grand riverside master retreat with full ensuite and extensive custom wardrobes
– Three newly renovated bathrooms with premium finishes
– Designer kitchen with brand new Miele appliances, abundant storage, and breakfast bar
– Expansive living and dining areas with space for a grand piano or pool table
– Large north-facing terrace with mini-golf putting green and panoramic water views
– Three secure, side-by-side car bays in the gated basement plus additional free public parking for one car within a 500m radius from the Raffles Waterfront
– Double glazed windows, brand new electric blinds, and meticulously renovated interiors
– Option to purchase fully furnished
– Vacant and ready for immediate settlement
– Rental guarantee available: up to $2,500 per week for three years
– Owner is a registered builder, all renovations were completed to the highest standard
Remarkable Value
This penthouse offers unmatched value in today’s market. Nearby north-facing apartments at the Riviere are selling for $30,000–$35,000 per square metre of internal space, which values this 205sqm living area at over $6 million—before even considering the vast balconies, exclusive-use lift lobby, and premium fixtures throughout. Similar-sized apartments at Riviere have sold for over $7 million—most with smaller balconies and only two car bays.
Here, the owners will consider offers between $3.8 million and $4 million, based on a modest bank valuation, presenting a rare and unprecedented buying opportunity.
Raffles Waterfront Resort-Style Amenities:
– Heated indoor swimming pool
– Fully equipped gymnasium and steam room
– Residents’ lounge
– On-site building manager, and security/concierge

–Brand new Gallagher security system for peace of mind
– Lush, manicured gardens and riverfront walkways
Unbeatable Location in Applecross
This penthouse enjoys a premium lifestyle address, less than 10 minutes from the Perth CBD and within walking distance to every imaginable convenience. Stroll to the vibrant Raffles Hotel or explore numerous nearby cafes, fine dining restaurants, boutique shops, and supermarkets including the 24-hour Good Grocer.
A brand new public library is opening just one minute away, while major redevelopments of the Canning Beach Precinct and Moreau Mews Precinct promise to further enhance the area's appeal. The Canning Bridge Train Station, only a short walk away, is also planned for significant expansion (see concept plan) improving access and boosting future value. A proposed ferry service from the Canning Bridge Jetty will soon offer seamless river travel to Perth city and beyond.
The surrounding area is rich with community amenities including the South of Perth Yacht Club, Applecross Tennis Club, Mt Pleasant Rowing Club, and Heathcote Reserve, home to panoramic river views, art galleries, a café, playgrounds and more.
This penthouse is not just a luxury home—it is a strategic investment in lifestyle, location, and future growth.