Villa a modern masterpiece
This villa in Fresnaye comes with hi-tech design, technology and green features
DEMAND for properties in high net worth suburbs of the Atlantic Seaboard such as Clifton, Bantry Bay, Fresnaye and Camps Bay is not only up year on year, but these areas continue to raise the bar in terms of the exclusive lifestyle on offer, the location and views and the price that buyers are prepared to pay for this, says Seeff’s Atlantic Seaboard luxury market specialist, Lance Cohen.
“While the right address and panoramic sea views are a given criteria and price is not a defining factor, it is noteworthy that exclusive trophy homes are increasingly fetching prices upwards of R20m to R30m and are now breaching the R100m barrier,” he says.
“This year, there have already been about 201 sales to the value of almost R1,7bn in these four suburbs alone, about a 16% increase in sales volumes this year.”
He notes that the Atlantic Seaboard is a unique location that attracts not only moneyed locals, but those from across the globe and is increasingly seen as a safe haven for wealthy property buyers from the African continent. An analysis of foreign buyer activity this year reveals that the area still attracts the lion’s share of foreign buying with about 96 sales to the value of almost R784m, representing 28% of buying activity here.
That this small, yet highly sought-after strip of coastal real estate has remained recessionproof is also borne out by the fact that the average house prices here continue to strengthen year on year. Cohen points out that in 2005, when activity was at its peak, the average price in Clifton was R9,8m. Today it is R17,5m, almost double. The average price in Bantry Bay has increased from R5,4m to R9,5m and more than doubled in Fresnaye from R3,6m to R7,4m while Camps Bay homes now cost on average R7,6m, up from R4,9m in 2005.
“Vacant land is scarce and can sell for well above R9m for a plot,” says Cohen. Based on land sales in the suburbs this year, rates range upwards of R17,850/m2 to as much as R29,166/m2 for a plot in Clifton’s Nettleton Road.
“An incentive is the average capital growth returns that sellers have achieved post-2007-08,” says Ian Slot, MD for Seeff Atlantic Seaboard. “Since 2009, sellers have achieved average investment returns on resale of 14%-15% based on a holding period of just over six years. While this is below the boom period returns of about 30%, it is still significant.”
In De Wet Road, Fresnaye, Seeff is marketing a villa for
Green features include solar heating, eco-fuel fireplaces and rainwater harvesting
R59,5m. This four-storey home offers 1,300m2 of floor space.
While delivering one of the most sought-after seaside settings with panoramic ocean views, this home comes with cutting-edge design, smart and green technology. Designed by John Doyle Architects, it incorporates the latest German and Austrian technology and European finishes.
Smart features include a newage concealed temperature system for heating and cooling throughout, dimmable LED lighting and a “mood-zone” system with 12 programmable channels for the living area, Wi-Fi, data wiring and more. Aside from bio- metric fingerprint access, the sophisticated security system provides interior and exterior monitoring and security lighting, all IP networked and iPhone controllable. Green features include solar heating, eco-fuel fireplaces, rainwater harvesting to irrigate the gardens and a grey water system for the underfloor heating and cooling system.
Design features include an entrance bridge over the courtyard and pool to the front door, a glass elevator, floating staircases and walkways and landscaped gardens on several levels. There are two swimming pools; the main pool is more than 40m long and wraps around the house, suspended two floors above the garden and comes with glass walls that provide views from within the home. The home is fronted by timber decking on three levels and is shaded by cantilevered structures for the ultimate in outdoor living. Top class finishes include Iroko timber floors and doors with bespoke architraves, Hans Grohe bathroom and kitchen fittings and a dumb-waiter for transporting shopping from the garage.
The main living-area level occupies an entire floor and includes a lounge with a custombuilt wood-burning fireplace and entertainment room. The 9m long European kitchen comes with a separate food preparation area.
The villa has five luxurious bedroom suites. The main suite includes a private lounge with a fireplace, 20m dressing room and bathroom with a 5m long double vanity. Off the main suite is a private deck with a heated pool.
Price: R59.5m Contact: Seeff Properties Lance Cohen 082 416 6103 Office 021 434 9175
The main pool, left and right, is more than 40m long and wraps around the house, suspended two floors above the garden. Spectacular ocean views can be enjoyed from one of the open plan, glass-fronted rooms, above.