Increasing scarcity of vacant waterfront land along the Whale Coast

Due to their majestic, scenic surroundings and relative proximity to Cape Town, the appealing coastal areas along the Cape’s Whale Coast are experiencing a marked increase in demand among home buyers, particularly for prime-located waterfront land and stands situated in secure estates. These are primarily South African purchasers, with the majority emanating from Gauteng.

The world-famous Whale Coast runs from Gordon’s Bay through Rooi Els, Pringle Bay, Betty’s Bay, Kleinmond, Fisherhaven, Vermont, Onrus, Hermanus and Stanford and is also home to Arabella Golf Estate and Benguela Cove Lagoon and Wine Estate – both near Hermanus.

Nicola Lloyd, manager of Pam Golding Properties Hermanus and Onrus says: “Against the backdrop of an ongoing semigration of home buyers from Gauteng to the Western Cape, the severe shortage and ongoing tightening of stock in this region is seeing buyers prepared to pay top prices for older sea front properties.  The resultant demand is highest for well located waterfront land and stands situated in secure estates.

“Paying R5 million upwards these buyers then either extensively renovate and extend - or demolish and rebuild from scratch. There are numerous examples of this in Pringle Bay and Betty’s Bay in particular, and this trend is likely to continue as the shortage increases.”

In the face of such a severe shortage of stock a rock front plot of just over 1 000sqm in Pringle Bay has sold for R4.4 million while Pam Golding Properties recently sold a 1 000sqm beachfront plot in Rooi Els for R3.8 million.

At Arabella Golf Estate, situated on the Bot River Lagoon some 25km from Hermanus, although neither is on the waterfront, the second to last vacant stand has just sold through Pam Golding Properties, fetching R600 000 for 804sqm, with the one remaining vacant plot available for purchase at R1.395 million for 609sqm. There are numerous outdoor activities available on the estate and at the neighbouring Rooisand Nature Reserve, including tennis, mountain biking, canoeing, bird watching, horse riding, walking and fishing.

Says Lloyd: “In Hermanus, the Eighteen on 18 residential development near the Hermanus Golf Course sold off plan within a few months of launching and developers are constantly seeking new opportunities suitable for new secure estates.

“In this context and with Hermanus increasingly sought after by home buyers from around the country as a highly desirable permanent and leisure destination, the attraction and rare opportunity offered by the stands for sale at Benguela Cove Lagoon and Wine Estate cannot be underestimated.

“North-facing with majestic views over the Bot River lagoon, vineyards and Palmiet mountains, these large stands present unique opportunities for buyers to secure well located vacant land on which to build, with the key benefit of being within a secure estate.”

Situated on 220 hectares and comprising only 124 residential properties, this is one of the lowest density housing estates in the country, with a building footprint of less than six percent of the total area, says Louise Varga, projects manager for Pam Golding Properties in the Boland and Overberg regions.

Pam Golding Properties is exclusively marketing the remaining 67 properties on the estate on behalf of the developer, as well as some re-sale properties. The estate also offers 10ha of olive tree fields, 5ha of lavender fields, 80ha of Renosterveld nature reserve and 70ha of vineyards with 12 different cultivars. Lifestyle facilities include a deep water launch facility, 11km running track, pool, sports court and soon-to-be completed commercial and restaurant facilities.

Plots for sale in Benguela Cove Lagoon and Wine Estate range in size from 1 515sqm to 4 278sqm, priced from R2.365 million to R5.602 million. There are also two show houses for sale, each 747sqm in extent and set on 1896sqm stands, priced at R17 million and R15 million respectively. Comprising four bedrooms en-suite with top quality finishes, swimming pool and double garaging, both these luxury homes are elevated and north-facing on the lagoon front, with sweeping lagoon, sea and mountain views. The estate has 24 hour security with on foot, bicycle and vehicle patrols.

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