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Cape Town’s diverse property landscape boasts a number of unique hidden gems

Intrinsic to Cape Town’s charm is the fact that one can always expect the unexpected; from the unpredictable weather which can see four seasons blow through in a day to the wildly divergent landscapes that can emerge just around the next corner, but sometimes the most unexpected surprises are to be found in the city’s real estate market.


Situated in the heart of the Atlantic Seaboard on a generous double plot of 1431m² with panoramic views, this stunning designer six bedroom home boasts its own vineyard complete with equipped wine-making room. On the market for R75 million is also has a home theatre, six entertainment areas and four garages.

Lara Kaplan and Fran Segal, Area Specialists in Fresnaye and Bantry Bay for Lew Geffen Sotheby’s International Realty, attribute this to several factors including the fact that every suburb has its own distinctive character.

“This is especially noticeable in older, historically significant suburbs like Simon’s Town that are home to beautifully restored historical buildings and heritage homes which are unique to each area and very often they co-exist alongside modern designer homes, quaint cottages or sectional title developments, which results in eclectically appealing neighbourhoods.”

However, the city’s rich history is not exclusive to these suburbs and can be found in the most unexpected places.  Last year an Upper Sea Point home came onto the market with the prerequisite views and landscaped garden, but in the basement is a feature that won’t be found in any other home in the country -  an original gun battery that dates back to 1889. The house had been built squarely on top of this historical treasure trove which was only discovered after its umpteenth sale in 2003. The new owner restored the remarkably well-preserved cavern and fitted a narrow spiral staircase of period design, thereby creating a perfect wine cellar

And now another unique home has come up for sale on the Atlantic Seaboard; at first glance this contemporary designer house in Fresnaye blends seamlessly into the upmarket suburb – but closer inspection reveals that it’s not only situated on a plot twice the size of its neighbours (1431m²) – it also has its very own vineyard.

“When you look out at the breath-taking panoramic views and rows of flourishing vines, it’s easy to imagine that you are no longer in Cape Town, but perhaps out in the Winelands or even the Napa Valley or Bordeaux,” say Lara Kaplan and Fran Segal, Area Specialists in Fresnaye and Bantry Bay for Lew Geffen Sotheby’s International Realty,

“The house, however, couldn’t be further removed from a traditional wine estate’s homestead. This immaculate state-of-the-art, four storey home has six bedrooms, six entertainment areas, a home theatre, two living rooms, a playroom/gym, a huge open plan kitchen, four garages and a generous basement and there is even a wine cellar/man cave and an equipped wine-making room. Natural light is optimised throughout by floor-to-ceiling windows.”


Situated in the heart of the Atlantic Seaboard on a generous double plot of 1431m² with panoramic views, this stunning designer six bedroom home boasts its own vineyard complete with equipped wine-making room. On the market for R75 million is also has a home theatre, six entertainment areas and four garages.

Lew Geffen, Chairman of Lew Geffen Sotheby’s international Realty, says that the diversity of real estate in Cape Town’s is another factor that sets the city apart from the other metros.

“On the one hand, as South Africa’s oldest city dating back more than 350 years, Cape Town’s diverse property landscape has been influenced by numerous divergent cultures over time. On the other hand, is the ongoing rampant development of the last 15 years that has introduced a distinct modern edge to the city whilst also steadily transforming most of the older, established suburbs.”

He adds that this is especially evident on the Atlantic Seaboard where many of the original houses have been demolished and replaced by sectional title developments and large modern mansions while others have been extensively renovated and upgraded.

“There are now very few of the original homes left and when they do come available they are quickly snapped up. Despite the subdued market and flailing economy, the Atlantic Seaboard remains one of the most sought-after residential nodes in the country and, although sales volumes have dipped, property values have continued to grow.

“This is evident when one studies the recent sales records of suburbs like Fresnaye which was always predominantly freehold. Propstats data reveals that in 2014, there were 41 houses sold at an average sale price of R14.64 million and, although seven transactions were in the R20m plus bracket, there were also 11 houses sold for between R4.8m and R8m.

“Last year, house sales dropped to 35 at an increased average sale price of R14.92m with being six trophy sales whilst just over half of the transactions were in the R8m to R15m price band. During the first 10 months of this year, there were only 25 sales but seven were priced above R20m and only four houses sold for less than R10m.”

He points out the noticeable spike in the entry level price over just four years.

Kaplan and Segal say that although the demand for homes at the upper end of the market has noticeably slowed, they are finding it increasingly difficult to meet the strong demand for houses priced below R15m.


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