A 706sqm home in Cape Town's Fresnaye has come on to the market at a whopping R32m.

It has three en suite bedrooms in the main house, plus another two en suite rooms in the teen pad, which has its own separate entrance, but is also accessible from the main living area. The home has an open-plan design with spacious reception rooms flowing out onto a sunny pool deck.

Staff quarters and multiple garaging and parking are also provided.

Pam Golding Properties' (PGP) area manager for the Atlantic Seaboard and City Bowl, Basil Moraitis, says the property holds broad appeal. "It would be ideal for a family with teenagers, or for those who frequently have family members and friends visiting from other cities.

"The layout of the teen pad on its own separate level and with its own entrance makes this an ideal space for such guests, as it offers a mix of communal living and private space. The home would also be ideal for foreign buyers looking for a low-maintenance lock-up-and-go property."

"The entry level for this suburb currently stands at around R3m to R5m, which would secure one a smaller cottage in need of some renovation," says PGP's MD for the Western Cape metro region, Laurie Wener.

"The mid-market properties are situated higher up the mountainside, priced from around R7m to R15m, while the top-end homes are located in the avenues of Upper Fresnaye, where there is a large variety of homes, mainly sophisticated modern properties with state-of-the-art finishes. These properties can command anything from R15m upwards, with the ultra-luxury trophy properties on the market for up to R100m."

For more information contact Jackie Rosenberg on 083 414 6600 or send an email.

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