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This would break the Sydney northern beaches record set by the sale of 167 Pacific Road in Palm Beach for $27.5 million in June.
Named Bellona, the abode has been described on the listing as "Australia's most beautiful beach house".
The breathtaking ocean views are no doubt the property's unique selling point, and the servants' quarters suggest the amount of detail that's gone into the layout and the level of luxury abounding.
Owners Margaret and Bob Rose worked alongside architect Drew Barnyak to design the entire home, which was completed in 2002.
Although the owners live in Sydney, they have been using the property as a weekender.
Only three photos of the home have been provided on the listing - the property's beachfront balcony, the modern living room and the private entrance from the beach.
The kitchen is understood to boast high ceilings with timber beams, and there's ample space for entertaining with two courtyards and manicured gardens.
The future owner will be able to relax and unwind in the lounge room which takes on a coastal aesthetic with calming blue, white and silver tones