Tel Aviv Penthouse Sells for NIS 45 Million After Three Months on Market

Israel Sotheby's International Realty says it has sold a penthouse on Ussishkin Street in Tel Aviv’s Old North for NIS 45 million. The home, overlooking Yarkon Park with views of the park, the sea and the city, was marketed exclusively by the company and sold after three months. Agents Eli Taib and Gil Marciano handled the deal for both sides.

The sale works out to about NIS 110,400 per square meter, one of the highest prices recorded in the area in recent years. For comparison, a duplex garden apartment on nearby Bnei Dan Street sold a few months ago for about NIS 92,000 per square meter and NIS 35 million overall, while another penthouse near Yarkon Park sold about a year ago for roughly NIS 78,000 per square meter and NIS 24.3 million.

The sellers were foreign residents, a Belgian family that had bought the property for private use and later decided not to proceed with plans to immigrate to Israel. The buyers are Israeli residents, a couple in their 60s who split their time between Europe and Israel, and will use the penthouse as their home in Israel.

The apartment spans about 358 square meters across the fifth and sixth floors and has direct coded elevator access. It includes five bedrooms, including a master suite, two living rooms, three kitchens with appliances, two reinforced safe rooms, high ceilings, a floating staircase, skylight windows and four separate entrances. The property also has three balconies totaling about 99 square meters, four regular parking spaces and two storage rooms.

Taib said the deal shows that “even in a challenging period of uncertainty,” luxury real estate remains active. He added that wealthy buyers are not necessarily looking for more properties, but for the right ones, and said the combination of rarity, location and open views kept demand high. Israel Sotheby's International Realty has operated in Israel since 2012 under an exclusive franchise, and also works in Tel Aviv, central Israel, Jerusalem, Caesarea, Herzliya Pituah, Kfar Shmaryahu and Savyon.