East Perth could become home to the most expensive apartment in Australia, with negotiations under way for a penthouse valued at more than $25 million.
The 1900sqm riverfront home in the luxury Mardalup complex is also believed to be the biggest apartment in the country.
The two-level apartment, its balconies and its 240sqm eight-car garage are the combined size of about seven average WA homes.
Owned by publicity-shy businessman Ian Johnson and his wife, the penthouse is not officially on the market.
But Realestate 88 agent Brent Compton said genuine negotiations were under way with interested buyers for a price between $25 million and $30 million.
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