The sale of an apartment in Manly has broken the record price for a unit in the suburb.Late last year, Mr Sorrentino sold a family home on a huge, waterfront block at 497 Royal Esplanade, Manly — smashing the suburb record for the sale price of a house.“I keep saying it’s Australia’s best kept secret, but you watch — the prices are just going to keep going up and up and up,” he said.“There’s just been a lack of good stock.” The kitchen in the apartment at 301/177 Melville Tce, Manly.“There’s a real shortage of high quality apartments and the developers are too scared to build them because they don’t think people will pay the price,” Mr Sorrentino said.“If I had 10 of these I could sell all 10 of them.”Mr Sorrentino said the property sold in just 15 days, with plenty of interest from Baby Boomers looking to downsize without compromising on space and quality. NSW CARPARK COSTS SAME AS QLD UNIT Inside the apartment at 301/177 Melville Tce, Manly.The last record sale price for a unit in Manly was set by the same property when it last sold for $827,000.The latest sale cements Manly as Brisbane’s newest blue chip boom suburb. The view from the apartment at 301/177 Melville Tce, Manly. This apartment at 301/177 Melville Tce, Manly, has sold for $1.2m.A UNIT in the sleepy seaside suburb of Manly has sold for a whopping $1.2 million — smashing the previous record price paid for an apartment there by $345,000. A couple from Sydney snapped up the luxurious three-bedroom, two-bathroom pad at 301/177 Melville Terrace, which had been advertised for offers over $1.1 million.The 170 sqm property, in the boutique “Manly Breeze” complex, offers 270 degree bay and island views and is walking distance from Manly’s cafe precinct. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE This penthouse apartment at 301/177 Melville Tce, Manly, has sold for $1.2m.The median unit price in Manly, just 15km from Brisbane’s CBD, is $485,000, according to property research firm CoreLogic.Selling agent Marc Sorrentino of Place Manly said the apartment was the only true penthouse in the suburb and demand for units of that calibre was strong.More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours ago SURF MILLIONAIRE’S DREAM HOME HITS MARKET The private balcony in the apartment at 301/177 Melville Tce, Manly.