Real Estate

how you too could live like usain bolt in this plush point frederick penthouse

Written by The ReReport

He may have only been considered a Coastie for a few short months, but during his time here, Usain Bolt managed to find residence in one of the schmickest properties on offer – Point Frederick’s “The Sky House”.
Since ending his contract with the Central Coast Mariners just a week ago, Bolt’s waterfront penthouse at has been listed for rent for $1800 per week – one of the highest asking prices for a rental property on the Central Coast.
It is not hard to understand why the property at 20/43 Masons Parade is so expensive, or why the enormous 1089sqm five-bedroom private rooftop residence was deemed fit enough for a six foot five Olympic champion.

The enormous penthouse takes up the whole top level.

Usain Bolt at the Mumm marquee during the AAMI Victoria Derby Day, as part of the Melbourne Cup Carnival in Melbourne, November 3, 2018. (AAP Image/Julian Smith).

Listed with LJ Hooker Terrigal, the property includes sweeping views of the Brisbane Waters, expansive open plan living zones with soaring ceilings, a huge outdoor living space rivalling most residential homes and a grand master retreat with large walk-in wardrobe and ensuite bathroom with indulgent spa bath.
And while the rent would be considered unaffordable for most, savvy renters who do the maths may be pleasantly surprised when they figure out the per person cost.
Should a group of people pool their funds and split the cost five ways, the $1800 per week asking price would be $360 per week per person (or potentially less for couples) – the same price as a cramped inner city flat share.

Group meals would be easy in a kitchen like this.

Pristine, low maintenance landscaping.

Erik Riquelme, Business Development Manager at LJ Hooker Terrigal said that it would be possible for a group to live in Bolt’s ex pad.
“You could definitely split the rent between bigger groups – but whether the application got approved would depend on the scenario. If you’re five 20-year-old’s who have never rented before, it would be hard to give them a shot on a multimillion-dollar property,” he said.
“But, if they had great rental history, friends or family could definitely split the rent to get themselves a nice property.



Penthouse livin’ could be shared amongst friends.

Hotel-style bathrooms.

“These types of places will often be rented out as holiday houses because you can get a pretty high rental income when the cost is split up amongst groups. But this owner doesn’t really like this type of set up though because of the high turnover and potential damages.”
With lavish features like custom cabinetry, hotel-style bathrooms and private heated outdoor spa, it is no wonder that the owners want to protect their assets.
The penthouse also includes one of the fastest internet connections you could find – a fact that appealed to Usain Bolt, a video game fanatic.

“The previous owners had high-speed NBN internet installed because they worked from home. Bolt also had Optus sponsor him, so they came in to ensure that it was running fast,” Mr Riquelme said.
“It’s pretty much the fastest internet you can get in Australia. He was quite adamant about making sure his gaming centre was perfect, so internet speed was a must for him.”
Mr Riquelme also mentioned that Bolt was not overly interested in living near the beach – he was more concerned with space and privacy.
“I think his Manager wanted to live near the beach more than him,” he said.


“There was talk of him living in Terrigal, but he was more interested in privacy. It took a month for the media to figure out where he was, which we thought was pretty good. The Point Frederick property has a private elevator, you can drive into the undercover carpark and straight to your penthouse without seeing anyone – that’s what sold him on it.”

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