Com­mu­nity thrives on golf es­tate

An ex­clu­sive prop­erty set on a golf­ing es­tate in the Cape Winelands ticks the right boxes for those look­ing for the bet­ter things in life. Lea Ja­cobs re­ports

Business Day - Home Front - - HOME FRONT -

SIT­U­ATED in a pic­turesque val­ley, sur­rounded by high moun­tains, in Paarl in the West­ern Cape, Pearl Val­ley Golf Es­tates has much to of­fer the dis­cern­ing buyer and golfer.

The es­tate re­cently an­nounced the con­clu­sion of a busi­ness res­cue strat­egy, which co­in­cides with a sig­nif­i­cant num­ber of con­cluded sales within the devel­op­ment. Over R100m worth of sales took place last year and an ad­di­tional four prop­er­ties have been sold this year, so far.

The end of the busi­ness res­cue process has also re­sulted in new own­er­ship of the es­tate, which will al­low Pearl Val­ley to con­tinue with busi­ness as usual un­der the suc­cess­ful lead­er­ship of gen­eral man­ager Gawie Marx.

“The busi­ness res­cue process has fa­cil­i­tated the suc­cess­ful re­struc­tur­ing of the com­pany’s af­fairs to en­sure a sus­tain­able longterm ex­is­tence,” says Marx.

De­signed by the leg­endary golfer Jack Nick­laus and opened in 2003, the course at Pearl Val­ley Golf Es­tates was named best new golf course of the year in 2005, third-best golf course in South Africa by Golf Di­gest in 2011, a five-star ex­pe­ri­ence by Com­pleat Golfer in 2011 and Best Con­di­tioned Golf Course in the West­ern Cape by Golf Di­gest last year. The course has hosted the South African Open three times.

Pearl Val­ley was opened in Novem­ber 2001, and com­prises a to­tal of 500 prop­er­ties scat­tered around the golf course, of which just over 300 have al­ready been devel­oped. Most prop­er­ties are around 1,200m² in size.

Pam Gold­ing Prop­er­ties’ area man­ager for Paarl and Fran­schhoek, Su­rina du Toit, says the Pearl Val­ley life­style is an en­vi­able one, renowned for its cen­tral lo­ca­tion, ex­ten­sive ameni­ties and state-of-the-art se­cu­rity.

“The es­tate lies within easy reach of all ma­jor ameni­ties in­clud­ing shops, hos­pi­tals, Cape Town In­ter­na­tional Air­port, the Univer­sity of Stel­len­bosch and a num­ber of top-rated schools. Th­ese in­clude the pri­vate Bridge House in Fran­schhoek, which has so many pupils liv­ing at Pearl Val­ley that it op­er­ates a daily bus ser­vice to and from the es­tate.

“Other com­mu­nal fa­cil­i­ties in­clude an on-site spa, restau­rant, eques­trian cen­tre, ten­nis courts, hik­ing and moun­tain-bike trails, a swim­ming pool, and a boma on the banks of the Berg River that can be rented for pri­vate func­tions. Res­i­dents also have ac­cess to the golf course.”

Pam Gold­ing Prop­er­ties agent Jor­dan Green­halgh, who has been sell­ing prop­erty at Pearl Val­ley since its in­cep­tion, says around 40% of her sales in the past two years have been to re­peat in­vestors in the form of ex­ist­ing res­i­dents wish­ing to down­scale af­ter their fam­i­lies have left home, or ac­quire more space as their fam­i­lies have grown.

“We see it as a hugely pos­i­tive sign that so many peo­ple choose to stay within the es­tate as their life­styles and re­quire­ments change.

“The es­tate has devel­oped into a fully ma­tured, close-knit com­mu­nity, dom­i­nated by fam­i­lies with chil­dren of school-go­ing age, and it is clear that this en­vi­ron­ment holds far-reach­ing ap­peal.”

Prices range from R2m for a 1,200m² va­cant erf, to R5m for smaller homes, and around R9.5m for larger res­i­dences, with some top-end prop­er­ties sell­ing for up to R15m. Light­stone statis­tics re­veal that 25 free­hold homes were trans­ferred last year and that the av­er­age sell­ing price was R4.696m. A to­tal of two sec­tional ti­tle units changed hands for an av­er­age sell­ing price of R1.662m.

The pic­tured plan­ta­tion-style home with a unique Span­ishAmer­i­can in­spired de­sign, is the sec­ond largest prop­erty on the es­tate and is be­ing mar­keted by Pam Gold­ing Prop­er­ties.

Fea­tur­ing dis­tinc­tive cus­tom­made fit­tings, the home is sit­u­ated on over 3,800m² of land and oc­cu­pies a prime po­si­tion over­look­ing a nat­u­ral wet­land and sur­round­ing farm­land, as well as en­joy­ing out­stand­ing views of the Si­mons­berg Moun­tains. Green­halgh says it is unique not only in its size and de­sign style, but also in its at­mos­phere of ru­ral pri­vacy.

Com­pleted in 2009, the home was de­signed by Louis Phillips, a well-known ar­chi­tect in the Paarl area who has de­signed a num­ber of homes on the Pearl Val­ley Es­tate. The dou­ble storey dwelling of­fers over 1,440m² of liv­ing space, in­clud­ing four en-suite bed­rooms on its up­per level and a sep­a­rate guest suite on the ground floor. The home has a num­ber of spa­cious open-plan liv­ing ar­eas, in­clud­ing both for­mal and in­for­mal lounges with ex­cel­lent in­door/out­door flow.

No­table de­sign features in­clude large glass win­dows, solid oak floors and an au­then­tic Mex­i­can fire­place.

The home

also

of­fers

a gourmet kitchen, large heated swim­ming pool, tem­per­a­ture-con­trolled wine cel­lar, staff ac­com­mo­da­tion and two dou­ble garages. The ex­ten­sive gar­dens in­clude a herb garden, boules court, rose garden and a minia­ture cit­rus or­chard.

This plan­ta­tion-style home on the Pearl Val­ley Golf Es­tate oc­cu­pies a con­sol­i­dated dou­ble plot mea­sur­ing over 3,800m , mak­ing it the sec­ond-largest sin­gle res­i­den­tial prop­erty on the es­tate. The open-plan liv­ing ar­eas flow eas­ily to an ex­ten­sive...

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