Property of the week | 54A Bar Beach Avenue, Bar Beach

It is being jointly marketed by Street Property's Damon Sellis and First National Newcastle City's George Rafty with a guide of $3.6 million to $3.9 million and is described as "an ambitious work" by ZIEL Design and Daniel Ledbury Constructions.

The three-bedroom apartment at 54A Bar Beach Avenue is one of two luxury residences in a building that has garnered plenty of attention as it has taken shape in one of Newcastle's most sought-after positions.

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The home spans four levels, connected by a private lift. The top floor is devoted to a master suite and light-filled living with walls of glass and nine-foot ceilings. The gourmet kitchen and dining extends to an alfresco terrace and mineral plunge pool with city and district views.

"It's a very unique, high-end property," Mr Sellis said. "The architectural design of the building is a testament to the location and the property has very much a Santorini/Mykonos feel."

There are two Brazilian marble full-size bathrooms with under-floor heating, European oak engineered flooring and a custom island kitchen by Nadin West featuring integrated Miele appliances and butler's pantry.

"Bar Beach Avenue is an exclusive address," Mr Rafty said. "This is very Santorini on the top floor. You're in the living space and you look out to a courtyard with a plunge pool. It's got views looking west. It's got views towards the park which are beautiful and it's got ocean glimpses."

There is an oversized double garage at basement level.

The property is within walking distance of Bar Beach, The Junction shopping village and Darby Street cafes and restaurants. It is set for auction on April 10 and is open Saturday from 2.30pm until 3pm.