This East Melbourne apartment is for sale with an eye-watering asking price.

The “southern hemisphere’s largest single-level apartment” is set to smash Victorian price records after being listed for an unbelievable price tag.

The expansive 11th floor apartment at 150 Clarendon St has hit the market in East Melbourne for a staggering $46 million.

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The apartment is part of the Mercy Hospital development at 150 Clarendon St, East Melbourne.

It has a whopping $46 million asking price.

If the lavish property, believed to be the biggest of its kind this side of the equator, notches the eye-watering figure, it will smash the Victorian apartment price record by a whopping $16 million. A St Kilda penthouse which sold off-the-plan to former Domain boss Antony Catalano for $30 million this year holds that title for now.

Hong Kong businesswoman Margaret Lou is selling the freshly listed luxury inner-city pad, which she bought for slightly more than $19 million in 2007, according to CoreLogic.

“This was exactly my dream … one of the best apartments in the world,” Ms Lou said in a Whitefox real estate video.

“I looked everywhere: London, New York, Beijing, Los Angeles.”

Some of the best views in Melbourne can be enjoyed from the balcony.

And it’s one big balcony.

She said the north-facing aspect and views to the Fitzroy Gardens were her favourite features of the 1400sq m home.

High ceilings, a modern kitchen and a huge balcony that perfectly frames the city are other highlights.

A private cinema, bar, meditation room and office are other ritzy perks.

A grand home office is one of the standout features.

A plush cinema is also ready to enjoy.

Renowned murdered designer Stuart Rattle styled the interiors.

Whitefox director Marty Fox said the luxury listing was in the Mercy Hospital redevelopment, which was considered one of the best residential buildings in Melbourne.

“You’re not too high in the sky so you feel connected to the treetops and the Fitzroy Gardens,” Mr Fox said.

“The views completely blow your mind from the moment you walk inside.”

Opulent walk-in wardrobes are also part of the package.

Hong Kong businesswoman Margaret Lou owns the apartment.

It last sold for just over $19 million in 2007.

High-profile designer Stuart Rattle, whose murder at the hands of his partner in 2013 made headlines, helped design the interiors of the apartment, and it was styled to include Feng Shui principles.

Mr Fox said some high-profile, hand-selected buyers had already been shown through the home.

The property set an apartment record for Victoria when Mrs Lou bought it in 2007.

Four bedrooms all have an ensuite and walk-in wardrobe.

The apartment is for private sale.

But a full-floor Eureka apartment, the Australia 108 building penthouse and a South Yarra penthouse have all sold for more than $20 million in the past few years.

The most expensive apartment is now owned by Antony Catalano after he purchased the yet-to-be-created St Moritz penthouse in St Kilda for $30 million in February.

A penthouse in The Muse development on St Kilda Rd could also compete for the record, as it’s expected to be listed with a $45 million asking price.

The opulent East Melbourne apartment is for private sale.

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