Lush coastal hideaway
SIMBITHI Eco-estate is set on 430ha away from the hustle and bustle of life on Kwazulu-natal’s northern coastline. This natural coastal paradise with dense, indigenous riverine vegetation, lush valley wetlands and undulating hills is 30 minutes north of Durban, with King Shaka International Airport 10 minutes away.
Described as a tranquil hideaway between the coastal towns of Ballito and Salt Rock, Simbithi is proud that every possible precaution has been taken to minimise environmental impact, including geology and soil assessments, water resource and drainage appraisals, land use and vegetation studies, as well as aesthetic, historical and cultural appraisals.
For the home owner, Simbithi Eco-estate has more to offer than being located close to the sea. The ecologically sensitive development is positioned on 430ha of prime land with dams, indigenous forests and grasslands.
The estate has community centres and an active Country Club that houses the Fig Tree restaurant. It provides ample activities for residents, including a swimming pool, tennis courts, a restaurant, an event facility, an equestrian centre and an 18-hole Peter Matkovich golf course.
Andreas Wassenaar, principal of Seeff Dolphin Coast, says that a new wave of architectural design in the area is raising the bar for homes on the estate and creating value for surrounding properties.
Wassenaar analysed 206 registered transfers in the estate last year, representing R345,9m in property transactions, to understand fully what is happening in the Simbithi property market.
He says 26,2% of the sales were for sectional title schemes, while 73,8% were freehold properties.
“The freehold sales were still dominated by vacant land sales, priced largely between R510 000 and R1,4m. This run in vacant land transactions can be expected to slow down this year, since the bulk of the land from the master developer is sold and many vacant land property owners will begin construction on their sites.
“More activity can be expected at the higher end as sales of newly built homes are concluded, which will raise the average price achieved on the estate. Our detailed estate report indicates that the mean value of Simbithi transactions over the past 12 months was R2 997 903. The R8m threshold is being breached by recent home sales, and this year will no doubt raise this level.”
According to Lightstone, a
Simbithi's popularity has skyrocketed and it has become the firstchoice estate for young families
property data provider, the mean valuation of homes in Simbithi is at about R3 029 762.
Seeff Dolphin Coast has what Wassenaar calls one of Simbithi’s finest properties on their books.
“It represents the highest level of residential home available within Simbithi. Imagine if you had first choice of any site in Simbithi prior to the original land sales commencing, which site would you select? This is exactly what happened in the case of this home currently for sale, which can arguably be labelled as one of the finest settings on the estate, with secluded forest views and golf course/dam outlook. Owned by one of the daughters of the original Beverly Sugar Estate family, from whom Simbithi purchased the land, as well as by Simbithi’s acclaimed golf course designer, this site is truly one of a kind.”
The spacious home set on 1 953m² has about 800m² under roof. Designed with four bedrooms and four bathrooms plus a large dorm bedroom ideal for children, the living areas make this home ideal for family entertaining. There is a separate bar, swimming pool, putting green, two studies, an open-plan dining room/kitchen, a wrap-around veranda, staff accommodation, scullery, double garage, golf cart garage and two guest toilets. It also features Mozambique kiaat floors and balau decking.
Wassenaar says: “This offers something for the whole family and represents a great investment for the discerning investor. Simbithi's popularity has skyrocketed over the past three years and has become the first-choice estate for young families, as the children’s facilities and sporting amenities within the estate are unmatched along the Dolphin Coast.
“This demand has ensured that pricing for vacant land has remained firm. With every month seeing the completion of new and more elaborate homes on the estate, the average value of completed properties in Simbithi can be expected to increase substantially over the next 12 months. Simbithi represents one of SA’S hot spots in terms of new developments and building activity.”
Price:
R14,75m
Contact:
Seeff Properties Andreas Wassenaar 082 837 9094 Office 032 586 0170