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The four-bedroom home features a six-car garage, double-height ceilings, Gaggenau appliances, a billiards table, games lounge with marble bar, wine fridge and bay views.
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Although he said he never lived in the apartment, Gurner and his wife Aimee designed it together.
The Saint Moritz project came about after Gurner struck a deal with Greg and Kathy Shand to develop their St Kilda site. Public records show the apartment is still held by development company Barana (St Kilda) Investments Pty Ltd, whose ultimate owners are the Shands.
In a follow-up statement, Gurner wrote: “Aimee and I designed this apartment personally to reflect our lifestyle and aesthetic to take to the market when conditions were right, just as we have done in other apartments that we have previously held in some of our other developments.
“We have now tightened the range to $12.5 million to $13.5 million to reflect the current market, which may be reviewed in line with initial buyer feedback, and we will be moving forward with placing it on the market officially.
“This residence was originally two separate apartments valued at $11.5 million [combined] so I’m very confident in the uplift and am excited to see how the market responds.”
The view from the balcony.
Curtain said: “Initially I think Tim was hoping for a bit more than that, but don’t we all as owners want a little bit more.” He added that he thought the new price guide was exactly where it should be.
He praised the level of sophistication of the home and its health and wellness features.
“I don’t think there is anything like it in Melbourne,” he said.
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“It is a one-off. Tim and Aimee designed this apartment for themselves.”
The Saint Moritz development drew high-profile buyers including the late Shane Warne, whose family sold the home in 2022. Former Domain boss and executive chairman of View Media Group Antony Catalano bought the penthouse for $30 million.
Gurner last year walked back comments he made at a summit about unemployment and productivity that drew attention around the world.
In September, he said unemployment needed to jump by 40 to 50 per cent, and that “we need to see pain in the economy”.
“We need to remind people that they work for the employer, not the other way around.”
The home has room to entertain.Credit: Peninsula Sotheby’s International Realty
Following the summit, he said: “I made some remarks about unemployment and productivity in Australia that I deeply regret and were wrong.
“There are clearly important conversations to have in this environment of high inflation, pricing pressures on housing and rentals due to a lack of supply, and other cost-of-living issues. My comments were deeply insensitive to employees, tradies and families across Australia who are affected by these cost-of-living pressures and job losses.”
Gurner’s net worth is $912 million, according to the AFR Rich List.
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