Ballsbridge apartment sells for a record €2.45m

The demand for high-end apartments in Dublin 4 shows no sign of slowing. They may be 12-years-old, but Embassy Court on Prince of Wales Terrace in Ballsbridge has strong appeal for deep-pocketed buyers, with record prices achieved in the complex since apartments were offered for sale this year for the first time since they were built in 2004.

Each apartment in the exclusive development comes with two parking spaces, a basement lock-up and is sold newly refurbished to high standards by the developer, Twinlite, who had previously operated the apartments as luxury short-term rentals.

The crown jewel, 16 Embassy Court, a 237sq m (2,554sq ft) penthouse, sold for a staggering €2.45 million making it both the most expensive apartment sale in Dublin in the past five years, and at €959 per sq ft also the highest price per square foot paid for an apartment in that same period.

The triple-aspect penthouse features two large balconies, three en-suite bedrooms, an expansive kitchen and livingroom, in addition to a mezzanine with a gym and guest bedroom.

Another penthouse, 14 Embassy Court, extending to 205sq m (2,209sq ft) sold for €2 million. Two ground floor two-bedroom apartments, each with 92sq m (989sq ft) sold for €775,000.

Two first-floor units, a dual-aspect 114sq m (1,229sq ft) non-renovated unit and a triple-aspect 115sq m (1,240sq ft) renovated unit, sold for €950,000 and €1.1 million respectively.

Just three of the 16 apartments have yet to be sold as they are undergoing refurbishment and will be available to view in the near future through agent Savills.

Wealthy Irish buyers have so far snapped up 12 of the apartments, with just one unit selling to an overseas buyer – a trend also witnessed last year at nearby 31-33 Merrion Road, another former short-term rental block, where apartments were purchased predominantly by Irish buyers.