Construction has begun at the highly anticipated Kerzner Estate on the Atlantic Seaboard where homes will set you back R37 million.
Kerzner, 81 is no stranger to luxury accommodations as the developer of some of the most extravagant hotels and resorts around the world - from the iconic Sun City, Sandton Sun and the Beverley Hills Hotel to name just a few.
The development of 10 hectares of land he owned between the exclusive nodes of Hout Bay and Llandudno has been in the works for quite some time and with construction now underway Ross Levin, director of Seeff Atlantic Seaboard and City Bowl has said that construction group Blackland expects the first phase to be ready for hand-over by mid-2020.
Adding that all infrastructure and services are already in place while the gym and security systems will be ready before the first house is handed over.
Three of the initial eight houses have already been sold at record prices of between R30.5 million to R37 million.
Six top architectural firms have been tasked to work on the designs of the homes, the first houses are being designed by ARRCC, Metropolis Architects, and Fabian Make Architects.
While there has been high demand from local buyers, international interest has also been strong with two of the properties sold to buyers from Germany and the UK, Levin said.
The estate itself is situated high on Leeukoppie and offers incredible views of the famed Chapman's Peak, the bay, valley, and the surrounding mountains.
Each of the 48 plots is around 1500m² and offers buyers a choice of super luxury designer homes that have been tailored according to the individual site and incorporating greening and natural building materials.
Home sizes vary from 374m²-738m² with plot prices starting from R3.7 million.
Additional features include air conditioning, fireplaces in the living areas, EuroCasa Kitchens with Miele Appliances, stone and wooden flooring, top quality bathrooms, double glazing, swimming pools, provision for grey and rainwater harvesting and landscaping allowances.
While the Kerzners have given the go-ahead for further designs, purchasers do have the option of choosing a plot, along with their preferred architect, and can custom design their own house with the peace of mind of having Kerzner overseeing and managing the process to the highest international standards.