High income buyers for Mossel Bay

“This sector of the market is prepared to invest from around R6 million up to approximately R18 million in the right home to suit their needs. We find that the trend towards big city dwellers migrating to secure, coastal areas such as Mossel Bay remains clearly evident. This includes a growing number of ‘breadwinners’, ie professionals, entrepreneurs and executives, who commute between Johannesburg and Mossel Bay, who prefer a coastal town residence for quality of life for their children while they travel to the major centres for business purposes. The new co-ed, private school, Curro, in Mossel Bay, is an added attraction for high profile clientele,” says Murray.

He says those who’ve adopted this way of life, commuting regularly to Gauteng, are mainly those in the age group from the 30’s to late 50’s. “They seek homes mainly in excess of 800sqm, either in secure estates such as Pinnacle Point, Mossel Bay Golf Estate and Gondwana Game Reserve, or show a preference for beach style living.

“A couple who recently sold a farm in Johannesburg to relocate here for a different lifestyle purchased a R8 million home, gutted it and have purchased vacant land next door in order to build their dream home on a double stand of approximately 1800sqm. At the end of the day, when finally completed, they will have invested in a luxury property in a prime location in central Mossel Bay, with scenic views of the bay, harbour and mountains which cater for their every requirement,” adds Murray.

Lavish Entertainment Areas

A common thread running through many of these large, upmarket homes is a major focus on lavish entertainment areas. At Gondwana Game Reserve there are homes where owners have built an entire entertainment area in the lower part of the house, including, for example, a bar, wine cellar, snooker table, big screen TV/entertainment system with surround sound – even a pizza oven. A recent purchaser at Gondwana, who is expected to build a home of approximately 800sqm, intends incorporating a fully equipped wine cellar for the purposes of entertaining at home.

Currently Pam Golding Properties Mossel Bay is marketing a six bedroom, six bathroom home with a home theatre room, bar, intimate wine cellar and gym, as well as a swimming pool, undercover patio and braai area and landscaped garden.  Architecturally designed with a modern, professional feel - with tinted, triple volume glass windows and with endless, scenic views from the pool area, this property is on the market at R11.5 million.

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