High living on a golf course
This home for sale is situated within the Pecanwood Estate which is set on the banks of the Hartbeespoort Dam
PECANWOOD Estate and Pecanwood Golf and Country Club, whose name was inspired by the grove of pecan-nut trees on the property, is situated on the banks of Hartbeespoort Dam.
Home to SA’s first Jack Nicklaus signature golf course, the land was originally bought in 1992 by Maccon with a view to creating one of SA’s first golf estates.
The necessary approvals were obtained and the project kicked off in 1996 with three show houses that could be accessed by a dirt road running through the estate.
Soon after the launch of Pecanwood Estate, Country Heights Holdings Berhard, a property development company listed on the Malaysian Stock Exchange, concluded an agreement with Maccon that saw both parties as joint venture partners in the project.
Since its launch, Pecanwood Estate has established itself as a benchmark for golf estates in SA. Moreover, the development also served as a catalyst for tremendous growth in the area.
Ten years down the line Pecanwood Estate experiences seasonal property sales with winter months experiencing a drop in sales numbers. In today’s property market climate, prices achieved here are between 5% and 15 % below asking price, depending on the circumstances of the seller and the original listing price, says Walter van Halter, of Golf Estate Properties, who is marketing this Pecanwood home for just over R8m.
“Some sellers think values continued to increase at 8% to 10% over the past three years, but this has not been the case. Demand is higher for homes below the R3,2m mark,” he says.
Van Halter says that while selling prices have been as low as R1,65m in the past year, generally entry-level properties are priced from R1,9m to R2,2m here. These homes, which mostly feature three to four bedrooms, would require some work. The finishes he says, would generally be dated at about 10 years old, but the houses would all have a double garage and most would include a swimming pool.
Mid-level homes, on the other hand, would be priced between R2,4m and R3,2 and would feature a newer building style with more modern finishing.
“Buyers can expect an average house size of 270m² to 300m² with underfloor evaporative cooling and a pool.”
Van Halter says there is probably a third class in the R3,4m to R6m mark that would include larger stands and double-storey homes of sizes between 350m² to
The owner’s favourite features are ease of flow and ergonomics of a 570m home on one level
460m², with four bedrooms, two or three garages, staff accommodation and a swimming pool.
Pecanwood’s most expensive homes would be those situated on stands bigger than 1 000m² with the house more than 500m².
“These are very modern homes on the waterfront and would command prices of R7m upwards,” he says.
Built in 2007 by Gilda projects, our 570m² feature home is set on a 2 200m² stand with views of the golf course, yet designed for privacy. It has four en suite bedrooms with TV points, while the main suite includes a piped music system, a gas fireplace, a patio and underfloor heating in the bathroom that leads out to a private garden and outside shower.
The office, or fifth bedroom, has an en suite bathroom, a patio, and includes built-in music, TV points and an ADSL connection.
The formal lounge also leads to a patio and garden and has surround sound for TV and audio, while the dining room has a piped music system and a gas fireplace. There is a wine cellar, a kitchen with Ceasar stone tops, a scullery and fitted utensil holders.
The living room is open-plan to the kitchen and has surround sound for TV. It leads to the patio, which has a built-in bar fridge, gas braai and a piped audio system.
Other features include staff accommodation, a triple garage, underfloor heating, an alarm system, automated irrigation and a home automation system.
The owner’s favourite features of this home are the ease of flow and ergonomics of a 570m² home on one level.
Van Halter says Pecanwood is an ideal property investment because of its beautiful surroundings, Pecanwood College, and because the roads have been improved. The highway upgrades, have made peak-hour traffic-flow better on to the highways.
“This is an area of growth as industrial areas north of Johannesburg and Pretoria expand, and these have made living at the dam an option. Many people have more flexible working hours due to improved business mobility.
“In addition, the exceptional security and a low crime rate here is a huge advantage.”
R8,8m Golf Estate Properties Walter van Halter 082 901 1940