Camps Bay's R300 Million Property

EmailEmail Print Share
News24 marketing banner

07 Jan 2013

The property adage “location, location, location” applies across the board - locally, regionally, nationally and internationally.

This five bedroom, five bathroom house in Plettenberg Bay has sea views and a large reception room. It has large rooms, a modern kitchen with an island counter and a built in bar. It has a double garage and an alarm system and it is on the market for R64.8 million - click here to view.

Therefore, the best locations in the best areas in the wealthiest countries grab the headlines and attract the highest prices.

Hein Pretorius, principal of Sotheby’s International Realty in Plettenberg Bay, says the same property in one location can be worth a fraction of the price in another location. – This fact opens up possibilities for those looking to spread internationally in their property search.

“For example, high-end properties in South Africa’s best locations generally compare very well in terms of finish, price and location with similar properties elsewhere in the world."

He says there are a few points regarding location that should be considered when buying property internationally. The correct location or positioning of the house on the site is a critical value-adding factor.

Aspects such as views, light and climatic conditions must be accounted for in design. In the southern hemisphere, homes should be north facing and vice versa in the northern hemisphere. Homes need to be cleverly designed so that views are not compromised and the design should also account for local social, weather, and soil conditions.

This seven bedroom, seven bathroom sea facing house in Camps Bay, Cape Town has four reception rooms. Situated in the sought-after area, The Glen, it has old fashioned trimmings, a large garden with a pool, a double garage, cooling fans and a patio. It is on the market for R300 million - click here to view.

Pretorius says in Plettenberg Bay, maximum value comes from excellent sea views, direct beach access, a northerly aspect (which conflicts with the easterly sea view), sheltered outdoor entertaining areas to accommodate outdoor social lifestyle in all weather conditions, privacy, specialised foundations if located on sandy soil, good security and good damp proofing (to account for winter rainfall and coastal conditions).

A home that combines these requirements is a five bedroom mansion on Robberg Beach that is for sale for US$7.525 million.

Pretoruis says this home compares well in terms of value with similar properties in other sought-after beach resort community locations around the world, including those in the Caribbean, Florida and California in the US, Marbella and Majorca in Spain, and Bantry Bay, Camps Bay and Clifton on the Atlantic Seaboard of Cape Town.

The most expensive home currently for sale in SA is Enigma Mansion in Camps Bay, which is priced at R300 million or US$34.7 million.

Similar Articles

Many families are migrating from Gauteng to Ballito for...

With a big influx of people from Gauteng moving to the...

Morningside, Rivonia, Rosebank and Bryanston will see much...

View all articles

Top Articles

Whether you’re planning on rekindling your love or...

Many families are migrating from Gauteng to Ballito for...

Wills must be very carefully worded to avoid...

View all articles
Top Articles
11 Feb 2016
Many families are migrating from Gauteng to Ballito for the lifestyle be...
11 Feb 2016
A UCT architectural student tackles social, economic and environmental i...
11 Feb 2016
With a big influx of people from Gauteng moving to the Helderberg Basin,...
10 Feb 2016
Morningside, Rivonia, Rosebank and Bryanston will see much residential d...
10 Feb 2016
Offering sophisticated retirement living, Lazuli Coastal Lifestyle Estat...
Newsletter
Get the latest property news.
Select your options:
Loading

Your browser is out of date!

It looks like you are using an outdated version of Internet Explorer.

If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.

For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.


Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724