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Milestone for signature Hartbeespoort estate

The Coves, the most successful estate on the Hartbeespoort Dam, has now officially reached maturity, with all the homes originally released by the developer having been sold.
 

This delightful home with sweeping views in The Coves development is for sale through Harcourts Kosmos at R4,995m. It has four bedrooms, three bathrooms and a study upstairs and a modern kitchen and spacious indoor and outdoor living areas downstairs. It also has a pool and double garage, and special features include solar panels, a gas fireplace and a ducted vacuum system.

"This is a major milestone for this development, which is highly sought-after by city buyers who want a weekend or holiday property or a permanent residence in the countryside from which they can commute to work relatively easily,” says Daphne Mackay, principal of leading local agency Harcourts Kosmos, who has worked closely with developer Steinhobel-Sparrow since the inception of the estate 10 years ago.
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There are only resale properties now available at The Coves, she says, and these include sectional title units at prices from just under R1,3m to R2,5m, and full-title stands and homes at prices from R650 000 all the way up to R7,8m.
 
Set on 220ha, the estate has a farm atmosphere as it still operates as a commercial farm growing eragrostis, and the original farmhouse has been converted into a central clubhouse. Swimming pools and squash and tennis courts were added for residents' enjoyment.
 
Residents also have access to the Magalies River end of the Hartbeespoort Dam, with 1,6km of waterfront for boating excursions and water sports, and 103 boathouses and jetty facilities available, while an airstrip with hangars makes flying in easy for owners from distant provinces who want to enjoy a weekend away.
 
Mackay says the developers have also always taken great care to ensure that views of the Magaliesberg, the dam and the farm are preserved. Sensitive planning and development have also protected the natural fauna and flora, which greatly enhance the bucolic ambience of the development.
 
On the other hand, the estate does have a 24-hour security system and both Pretoria and Johannesburg are only about 40 minutes away, making commuting quite feasible. In fact, she says, about 80% of current owners are permanent residents rather than weekenders.
 
“There is actually a growing trend throughout the Hartbeespoort Dam property market for holiday-home owners to decide to move here and then upgrade to larger, permanent homes, and we see substantial additional sums of money being invested now by these owners. Changes in bond rates do not affect this area to the same extent as many others and those who invest here are assured of healthy increases in property value because of the growing demand and limited development area.”


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