A home in the highly exclusive Clifton, Cape Town
has set the new record price with its R111 million price tag.
Ian Slot, Seeff’s managing director for the region, said that more than R1 billion in “trophy homes” has been sold this year in Cape Town. This only includes homes worth more than R20 million each. The interior of the record setting home (Photo: Seeff)
The breakdown of the R1 billion reveals that it is only 33 homes, 24 of which is situated in the sought after Atlantic Seaboard.
This new record price villa is situated on the exclusive Nettleton road and was sold to a buyer from Johannesburg.
The home was designed by world renowned architect, Stefan Antoni Design and spreads out over 1381 square meters of floor space. Furthermore the home features a private elevator, large glass windows allowing for an ocean view and large folding doors with an incredible view on Lion’s Head.?The pool with its view over the Atlantic ocean (Photo: Seeff)
The entire first floor is the master bedroom, while other floors include an apartment for the butler, a movie theater with 10 seats and a gym. And what would a mansion be without underfloor heating and cooling systems?
The previous record for Clifton was R60 million, and this year the average price for homes are R45,6 million.
Approximately 60% of the houses were sold to Capetonians and the rest mostly to the wealthy from Johannesburg and KwaZulu-Natal and a few foreigners. The latter groups buy them as holiday homes or as an investment.