Melbourne Bloke Coughs Up Record $39 Million For A Weekend Penthouse
โ€” Updated on 10 May 2023

Melbourne Bloke Coughs Up Record $39 Million For A Weekend Penthouse

โ€” Updated on 10 May 2023
Garry Lu
WORDS BY
Garry Lu

Adrian Portelli, the Aussie entrepreneur dubbed โ€œLambo Guyโ€ thanks to a controversial appearance on reality series The Block, has once again made headlines after snapping up a Melbourne penthouse for $39 million.

But whatโ€™s captivated widespread attention isnโ€™t the fact that this residence, which crowns the Sapphire by the Gardens twin towers on La Trobe St, has now earned the status of Melbourneโ€™s most expensive apartment; shattering the previous sales record held by a $38 million off-the-plan sale at STH BNK by Beulah (soon to be Australiaโ€™s tallest tower).

Itโ€™s the fact that Portelli wonโ€™t even be spending the majority of his time here.

โ€œI donโ€™t like city living. This will probably be a weekender,โ€ the uni dropout turned LMCT+ director told media outlets.

RELATED: Bloke Pays $17 Million For Melbourne Penthouse After Seeing It On Instagram

โ€œItโ€™ll be a good entertainment house on the weekends.โ€

When prompted about the appeal and supposed โ€œwow factorโ€ of this yet-to-be-completed Melbourne penthouse, Adrian Portelli explained: โ€œItโ€™s the whole presence of the building itself, adjoined with the Shangri-La [luxury hotel]โ€ฆ youโ€™ve got your adjoining restaurant and bar with a lift that goes straight to the restaurant. I was like: โ€˜Sold!โ€™โ€

According to Real Estate, Portelli is already working alongside Cox Architecture to customise the $6 million fitout, which will likely include four bedrooms, a cinema, indoor pool, multiple kitchens, and cigar bar to complete what is currently a 1,200-square-metre โ€œblank canvas.โ€

RELATED: The Range, Byron Bayโ€™s Spanish-Style Masterpiece, Sells For A $37 Million Market Record

Portelli also revealed heโ€™ll be craning in an unspecified $3 million supercar to the 57th floor to serve as an art piece (โ€œItโ€™s a car that we canโ€™t register and itโ€™s just collecting dust so I might as well have it somewhere where itโ€™s safeโ€).

Of the 325 apartments beneath the penthouse in Melbourneโ€™s Sapphire by the Gardens, 95% have already been sold with prices starting from $1.2 million.

Adrian Portelli reportedly has a net worth of $350 million.

UPDATE [10/05/2023]: Adrian Portelli has actually craned his McLaren Senna GTR into the penthouse โ€“ read more here.

Garry Lu
WORDS by
After stretching his legs with companies such as The Motley Fool and the odd marketing agency, Garry joined Boss Hunting in 2019 as a fully-fledged Content Specialist. In 2021, he was promoted to News Editor before departing the team in 2025. Garry proudly retains a blue belt in Brazilian Jiu-Jitsu, black bruises from Muay Thai, as well as a black belt in all things pop culture.

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