Tel Aviv Waterfront Penthouse Listed for 85,000 Shekels Monthly
A Tel Aviv luxury penthouse on the seafront is listed for 85,000 shekels monthly, defying a broader market slowdown marked by a 60% drop in new apartment sales.
Despite a slowdown in the broader real estate market and a sharp 60% drop in new apartment sales in Tel Aviv, the city's luxury segment continues to operate in an entirely different reality. A newly constructed penthouse along the Tel Aviv promenade, situated on the first line to the sea near the United States embassy, is currently being offered for rent at 85,000 shekels per month.
The property is part of a new boutique building developed by the Zameret Netzach Group, which decided to retain ownership of all apartments in the project and dedicate them exclusively to the rental market. Nearing completion ahead of occupancy, the company reports that lease agreements have already been signed for the majority of the building's apartments even before tenants move in. The penthouse spans four large bedrooms, an equipped kitchen, and two expansive front and rear balconies with unobstructed sea views. The crown jewel is located on the upper level: a private rooftop complex reserved solely for penthouse residents, featuring a swimming pool and open-air seating areas.
The project was designed by Milbauer Architects, with interior design handled by Iris Rosenheimer, execution by contractor Yaron Tibet, and project management and supervision overseen by Avi Shamir. The requested price vividly highlights the stark disparities within the Tel Aviv residential market. While the broader market experiences a significant slowdown, with Central Bureau of Statistics data showing a 60% plunge in new apartment sales in the city, unique ultra-luxury properties cater to affluent tenants for whom location, privacy, and high specifications justify monthly expenditures of tens of thousands of shekels.
According to recent Central Bureau of Statistics figures, while sales decline, the inventory of unsold new apartments remains high. By the end of September 2026, the number of unsold new apartments nationwide stood at approximately 85,080, with the Tel Aviv district accounting for the largest share at about 26,500 unsold units. Yosef Cohen, CEO of Zameret Netzach Group, stated that the building was designed with long-term living experience in mind, noting that the prime seafront location and boutique character guided the planning.
