Grab a piece of coastal liv­ing

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THE Zim­bali Coastal Re­sort has, by con­ser­va­tive es­ti­mates, at­tracted over R6bn in in­vest­ment over the past 17 years and is ref­er­enced as one of SA’s great­est de­vel­op­ment suc­cess sto­ries.

The peak of reg­is­tered deeds of­fice trans­fers by rand vol­ume oc­curred dur­ing 2008 with R371,9m recorded. The dra­matic im­pact of the re­ces­sion did not leave Zim­bali un­scathed and reg­is­tered sales fell by 26.5% in 2009 with R273.3m in sales reg­is­tered dur­ing this year.

An­dreas Wasse­naar, Prin­ci­pal of Se­eff Dol­phin Coast who is mar­ket­ing this Zim­bali home, says that the re­cov­ery has been grad­ual with reg­is­tered sales vol­umes at R259.7m across 76 transactions in 2010 and R258.7m across 67 transactions last year. “For the year to date, 34 Zim­bali prop­erty transactions have been reg­is­tered with a to­tal value of R153m. Sea­sonal sales ac­tiv­ity does have an im­pact and we can ex­pect the cur­rent year to close off sim­i­lar to last year. Seller ex­pec­ta­tions, in terms of pric­ing, have mod­er­ated and as a gen­eral rule pric­ing is 15% be­low the mar­ket peak lev­els,” he says.

Wasse­naar says that en­try level homes in Zim­bali are priced from R3.5m, which will typ­i­cally be a sec­tional-ti­tle unit of ap­prox­i­mately 250m². The typ­i­cal mi­dlevel home in Zim­bali is priced at R8m and would be a four-bed­room, four-bath­room de­signer home with great en­ter­tain­ment ar­eas and pool. “As with most coastal des­ti­na­tions, the prox­im­ity to the sea and the views en­joyed add sig­nif­i­cant value to the prop­erty and can im­pact on sell­ing prices by as much as 50%.”

Within Zim­bali there is a cat­e­gory of pric­ing from R12m to R20m, which can be re­ferred to as the high level price band and re­flects ex­tra­or­di­nary qual­ity and po­si­tion­ing. “The homes in this cat­e­gory will typ­i­cally of­fer four to five bed­rooms, staff ac­com­mo­da­tion, triple garag­ing, de­signer kitchens with sep­a­rate scul­leries and laun­dries, and im­pres­sive en­ter­tain­ment ar­eas. Sig­na­ture rim flow pools have be­come a must-have ad­di­tion.

“The ul­tra high-level homes within Zim­bali, of which there would be more than 40, would trade within the R20m to R50m price bracket. These have lev­els of crafts­man­ship rarely ex­pe­ri­enced and would ri­val res­i­den­tial homes in most in­ter­na­tion­ally ac­claimed des­ti­na­tions,” says Wasse­naar.

Zim­bali prop­er­ties are typ­i­cally held for a rea­son­ably long pe­riod prior to sell­ing. Of all the ex­ist­ing home­own­ers, just over half (50.88%) have owned their prop­er­ties for more than five years. Of all the re­cent Zim­bali sell­ers over the past 12 months

The ul­tra high­level homes within Zim­bali would trade within the R20m to R50m price bracket

57.34% owned their prop­er­ties for more than five years. “This gives an in­di­ca­tion that there is lit­tle spec­u­la­tive buy­ing be­hav­iour and that most of the peo­ple in­vest­ing in Zim­bali do so for the longer run,” notes Wasse­naar, who points out that the age anal­y­sis of re­cent Zim­bali buy­ers over the past 12 months in­di­cates that 51.11% were aged be­low 50 in­di­cat­ing that there is a shift to younger fam­i­lies with chil­dren buy­ing on the es­tate. “A mi­gra­tion from the greater Gaut­eng area has al­ready started with the new King Shaka Air­port be­ing a mere 10km away mak­ing it easy and con­ve­nient to com­mute from Zim­bali.”

This fea­tured prop­erty is a su­perb ex­am­ple of in­tel­li­gent de­sign and po­si­tion­ing of a home on a fairly steep site mea­sur­ing 1 582m², with the end re­sult be­ing child friendly with flat grassed play­ing ar­eas around a pool and en­ter­tain­ment area, of­fer­ing good sea and green­belt views and im­mac­u­late liv­ing spa­ces.

The 6m high dry stacked nat­u­ral rock wall at the en­trance is the per­fect place to show­case an in­cred­i­ble work of art. The ground floor is all about liv­ing and en­ter­tain­ing ar­eas. The over-sized triple garage leads di­rectly into the home. The open plan kitchen in­ter­acts per­fectly with the lounge and din­ing ar­eas, has a large sep­a­rate scullery and laun­dry room and leads off into an im­mac­u­late dry­ing yard.

This home pro­vides a very gen­er­ous staff room with en-suite bath­room. The out­door pa­tio area has a built-in braai and work-top within di­rect ac­cess to the rim­flow pool. The sep­a­rate TV lounge on the ground floor is the ideal room to use as a place to es­cape to and would make an ex­cel­lent study. The four bed­rooms are lo­cated close to each other on the first floor with the higher el­e­va­tion re­veal­ing spec­tac­u­lar views across the green­belt of in­dige­nous coastal for­est to the ocean be­yond.

The lay­out of the bed­rooms has been care­fully thought out to cre­ate a sense of op­u­lent liv­ing spa­ces, ex­ten­sive built-in cup­boards and large bath­rooms. All the rooms have huge win­dows en­sur­ing that they are all light and bright. The py­jama lounge on the first floor leads onto an un­der­cover pa­tio, which is the per­fect place to watch the sun rise out of the In­dian Ocean. Price: R13m Contact: Se­eff Prop­er­ties An­dreas Wasse­naar 082 837 9094

Michelle Funke

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