New record price for Clifton home

A home in the highly exclusive Clifton, Cape Town has set the new record price with its R111 million price tag.

Ian Slot, Seeff’s managing director for the region, said that more than R1 billion in “trophy homes” has been sold this year in Cape Town. This only includes homes worth more than R20 million each. 

The interior of the record setting home (Photo: Seeff)

The breakdown of the R1 billion reveals that it is only 33 homes, 24 of which is situated in the sought after Atlantic Seaboard.

This new record price villa is situated on the exclusive Nettleton road and was sold to a buyer from Johannesburg. 

The home was designed by world renowned architect, Stefan Antoni Design and spreads out over 1381 square meters of floor space. Furthermore the home features a private elevator, large glass windows allowing for an ocean view and large folding doors with an incredible view on Lion’s Head.

?The pool with its view over the Atlantic ocean (Photo: Seeff)

The entire first floor is the master bedroom, while other floors include an apartment for the butler, a movie theater with 10 seats and a gym. And what would a mansion be without underfloor heating and cooling systems?

The previous record for Clifton was R60 million, and this year the average price for homes are R45,6 million.

Approximately 60% of the houses were sold to Capetonians and the rest mostly to the wealthy from Johannesburg and KwaZulu-Natal and a few foreigners. The latter groups buy them as holiday homes or as an investment.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 19 Feb 2018
      Possibly one of the biggest sources of contention between landlords and tenants surrounds the rental deposit. “Most tenants rely on getting their rental deposits back when moving, so that they can use it to pay a deposit on their new home. Having it withheld or even having large amounts deducted can lead to a lot of distress,” explains Bruce Swain, CEO of Leapfrog Property Group.
    • 19 Feb 2018
      Situated approximately halfway between Johannesburg and Pretoria, Midrand was established in 1981 and forms part of the City of Johannesburg Metropolitan Municipality. It has become one of the major business hubs in the country with major pharmaceutical, textile, telecommunication and motoring giants situated within its boundaries.
    • 19 Feb 2018
      The PayProp Rental Index Annual Review of 2017 shows that the rental market suffered from much volatility during the year. It kicked off with rental growth spiking in January with weighted year-on-year growth (YoY) growth peaking at 8.3% before dropping to 6.34% in July, dipping down to less than 5% in November and then experiencing a slight uptick at 5.75% in December.
    • 19 Feb 2018
      While most homes in cluster complexes, estates and other gated communities come with at least one garage or carport, residents would often like additional permanent parking or storage areas for things like trailers, bikes, boats and caravans.
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
    • 15 Feb 2018
      One positive consequence of the financial crash in 2008 was the rise in consumerism, especially in the property market, where buyers have steadily become more knowledgeable and more value conscious.
    • 15 Feb 2018
      While most homeowners will take the agent’s commission into consideration when they are trying to determine what the will get out from the sale of their property, many often forget to factor in the other costs involved in a home sale, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      The forecast for the national rental market in 2018 remains a mixed bag of good news and bad news. Although rentals are expected to rise slowly as the challenges of home affordability and tighter lending criteria tighten their grip, it’s a double-edged sword as the market also will come under increasing pressure from factors like declining disposable income levels.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us