Naming your development Elysium is a bold choice, but for property developer Tony Denny and his luxurious central coast complex, the name certainly fit.

Despite striving for paradise, the penthouse which Denny intended to keep, is due to go under the hammer at the end of this month. The auction presents a rare opportunity to nab the top spot of a tightly contested complex which sold out of allocations in two weeks back in 2017.

Originally designed as two penthouses, the properties were merged to create a large 333-metres-squared apartment with five bedrooms, four bathrooms and a six-car garage that overlooks New South Wales’ Terrigal haven and Wamberal beach.

Taking the private lift up to the penthouse, you step inside the space through a bronze wrapped feature entry door and are instantly greeted by the ocean views through panoramic windows and a slate feature wall with an in-built fireplace.

Other jaw-droppers include the wraparound balcony, Gohera limestone tiled kitchen with Miele appliances, naturally, butler’s pantry and solid oak timber floors bolstering the coastal feel.

All the bedrooms feature their very own ensuite, however, the main bedroom steals the limelight with its own private balcony with uninterrupted views which can be enjoyed from the comfort of the standalone tub.

The grounds of the Elysium complex have taken their inspiration from tropical landscapes and comes complete with a 25-metre resort-style pool that spills into the manicured spaces.

With a strict holiday rental ban, there’s no worry of unexpected neighbours, a crucial aspect for the popular holiday town.

Auction of the property is set to take place on-site Saturday, February 29 where the property is expected to fetch $4.5-$4.9 million.

The listing is with Mat Steinwede of Central Real, 0414 852 200.