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
    • 22 Jun 2018
      The rental market in many Johannesburg suburbs has shown encouraging signs of revival this year but it remains a competitive market and landlords who best cater to their market’s needs will reap the healthiest returns.
    • 22 Jun 2018
      Home design is constantly evolving to reflect the changing needs of society. We look at some of the ways in which our use of space is changing.
    • 22 Jun 2018
      While estate agents can help the seller with correctly pricing the property and marketing a property to the right pool of potential buyers, at the end of the day it’s the impression that the property will make on buyers that counts the most.
    • 21 Jun 2018
      Anyone who’s ever been involved in a building project that’s gone wrong will appreciate the importance of adequate insurance cover in the construction industry.
    • 21 Jun 2018
      A recent news story about a blind tenant caught in a legal battle with his body corporate over letters and notices he was unable to read and consequently comply with has raised the question: what are the legal obligations for landlords with disabled tenants?
    • 21 Jun 2018
      A trend that’s taken the world by storm in recent years is that of hygge (pronounced: hue-guh), a Danish concept that is about creating intimacy, connecting with loved ones and taking pleasure in small, ordinary things.
    • 20 Jun 2018
      Buying or selling real estate isn’t as easy as it is portrayed sometimes, especially if there is a death of a party during the transaction which can make it awkward, tricky and inconvenient.
    • 20 Jun 2018
      With interest rates remaining at historic lows and banks continuing to compete for mortgage finance business, first-time buyers with funds at their disposal are currently well-placed to gain that initial foothold on the property ladder, particularly in the light of the slightly lower growth rates currently experienced in residential property values.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us