Apartment for sale at 22 Riebeek Ln, Raddison Blu
Penthouse in Cape Town: 3 bedrooms, 3.5 bathrooms, 266 sqm, with terrace and parking. Ideal for rentals.
Perched on the 23rd floor, this exquisite penthouse in Cape Town offers a mesmerizing view of the iconic Table Mountain, providing a truly breathtaking experience. The all-inclusive price eliminates any transfer duty concerns, making it a hassle-free investment opportunity. Beyond being a luxurious residence, this thoughtfully furnished penthouse presents a lucrative option for short-term rentals and Airbnb hosting.
Boasting 266 sqm of meticulously designed interior space, the penthouse features a stunning 68 sqm terrace accessible directly from the main living area, perfect for enjoying the panoramic views and outdoor relaxation. The property includes three en-suite bedrooms, with the versatility of the third bedroom allowing it to function as a home office, complete with a sliding glass door for added privacy.
Notable features of this elegant penthouse include two secure underground parking spaces, a 7 sqm storeroom for added convenience, and impeccable finishes such as Smeg appliances, Grohe taps, and Villeroy & Boch sanitary ware. Additional comforts include heated towel rails and efficient air conditioning throughout the unit.
Residents of this prestigious City Centre Hotel can enjoy exclusive access to hotel amenities, including a swimming pool and a well-equipped fitness centre. The prime location offers easy access to trendy Bree Street and the vibrant V&A Waterfront, making it an ideal choice for those seeking a dynamic urban lifestyle.
Surrounded by luxury apartment developments and upscale amenities, this penthouse is situated in a sought-after residential area that is rapidly growing in popularity.
Listed for sale at R23,950,000
Compared with 70 active listings in Cape Town.
Insight
Priced 158% above the local median — and above the typical range for Cape Town.
Buyers should compare condition, position, views, finishes and floor size before deciding. Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages — check with the agent for local guidance.
Similar properties pricing
Market depth
70 listings
Similar homes town-wide
161 days
Median time on market
Many similar homes
Active across Cape Town
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Cape Town City Centre offers a vibrant, fast-paced urban lifestyle characterized by its historic architecture, proximity to world-class business hubs, and a dynamic culinary scene nestled at the foot of Table Mountain.