Chance to join the Net­tle­ton jet set

A new villa in SA’S most ex­pen­sive road sets the bench­mark in un­der­stated sea­side lux­ury with a rather hefty price tag, writes Michelle Funke

Business Day - Home Front - - HOME FRONT -

ANEW Ste­fan An­toni de­signed flag­ship villa in SA’s most ex­pen­sive street, Net­tle­ton Road, has set the new bench­mark in con­tem­po­rary sea­side liv­ing, says Se­eff’s lux­ury mar­ket spe­cial­ist, Lance Co­hen. Aptly named Pen­tagon, the villa de­liv­ers on five key as­pects — a highly de­sir­able lo­ca­tion and ad­dress; un­par­al­leled sea views; ground­break­ing con­tem­po­rary de­sign and lux­u­ri­ous, yet un­der­stated fin­ishes; and su­pe­rior pri­vacy and se­cu­rity.

“There are few homes that com­pare to the de­sign, space and end-to-end views. The villa is se­cluded and quiet with noth­ing other than moun­tain and sea in sight. It is set on a plot of 940m2, with a Ste­fan An­toni hall­mark arch that ap­pears al­most sus­pended on the front of this re­mark­able home,” says Co­hen.

With just less than 1,800m2 un­der roof, the home is built over four lev­els with a state-of-the-art el­e­va­tor serv­ing all floors. Es­sen­tially glass-en­cased, it of­fers su­per spa­cious, dou­ble vol­ume liv­ing spa­ces through­out with broad ter­races that stretch across the front of the first to fourth lev­els and ap­pears to be sus­pended above the ocean. Stack­ing doors open the liv­ing ar­eas to the ter­races and this, along with huge glass win­dows, al­lows for 360° views of Lion’s Head at the back and the ocean at the front.

At the street level, the home opens into a dou­ble-storey en­trance hall that leads to the el­e­va­tor. There is also a house man­ager/but­ler’s apart­ment sit­u­ated here. An ad­di­tional twobed­room staff suite is lo­cated on the first level.

The master suite cov­ers the en­tire first floor and in­cludes a huge bed­room with a dress­ing room, lux­u­ri­ous en-suite bath­room and a pri­vate of­fice. Also on this level is a hi-tech 10-seater cin­ema room and gym­na­sium.

The sec­ond level en­com­passes the fam­ily liv­ing ar­eas in­clud­ing a fam­ily lounge and three bed­rooms with en-suite bath­rooms that open to the out­door ter­race. There is also an in­ter­nal store­room as well as a mul­ti­me­dia and elec­tron­ics con­trol room.

The main liv­ing and en­ter­tain­ment rooms are on the third level. Th­ese in­clude three lounge ar­eas and a din­ing room, an Ital­ian mar­ble bar and state-of-the-art kitchen fin­ished in Ital­ian mar­ble with a ce­ramic slate top and the lat­est Siemens ap­pli­ances, all in­te­grated, as well as a stone fire­place. Large glass stack­ing doors open to where the heated rim-flow pool stretches across the front of the ter­race. To the rear is a Zen garden and wa­ter­fall fea­ture.

Above this is a mez­za­nine level that com­prises a lux­u­ri­ous bed­room suite with a dress­ing room. Stack­ing doors open from the bed­room into an en-suite bath­room fronted by a sus­pended ter­race with breath­tak­ing sea views. Yet an­other unique fea­ture is the Amer­i­can wal­nut lou­vres that open the area to over­look the liv­ing ar­eas of the third level be­low. This suite could serve as the master or a guest suite.

The lower level com­prises a five-car garage that could also ac­com­mo­date a boat and has space for ad­di­tional stor­age.

Fin­ishes in­clude Amer­i­can wal­nut, nat­u­ral gran­ite stone, Brazil­ian oak and im­ported Ital­ian mar­ble and a broad, float­ing stair­case that serves all floors. The home is fully au­to­mated with re­mote-con­trolled blinds, LED light­ing and mul­ti­me­dia and satel­lite tele­vi­sion through­out. It also features the lat­est un­der­floor heat­ing and cool­ing tech­nol­ogy.

The state-of-the-art se­cu­rity in­cludes in­frared and iS­mart linked cam­era tech­nol­ogy.

“The villa of­fers lux­u­ri­ous yet un­der­stated liv­ing com­pa­ra­ble to a seven-star pri­vate bou­tique ho­tel. It is lux­u­ri­ously fur­nished and is for sale for R120m in­clu­sive of fur­nish­ings,” says Co­hen.

He says that Net­tle­ton Road, with its sweep­ing views across the beau­ti­ful Clifton beaches all the way to the Twelve Ap stles, is the coun­try’s most ex­pen­sive street and prop­erty here com­mands av­er­age rates of R100,000/m2. Own­ers and inv es­tors in­clude prop­erty de­vel­oper Stu­art Chait, Vi­jay Mallya of United Breweries, Basil Lis­han­sky of Meltz success, Peter du Toit of Lad­uma Mag­a­zine and Claas Daun.

Co­hen is of the opin­ion that while the pub­lic has been caught up in down­mar­ket talk, high net worth buy­ers and in­vestors have, over the past three years, bought up prop­erty here and have gone about cre­at­ing homes val­ued at well over R120m each, sig­nif­i­cantly more than the high­est price of R65m, paid for 34 Net­tle­ton Road in 2010. An in­di­ca­tion of the growth in value here is the sale of a 1,242m2 va­cant plot by Co­hen re­cently for R35m. Aside from Pen­tagon, Co­hen is mar­ket­ing two lux­ury vil­las priced at R49.95m and R120m each re­spec­tively.

Knowl­edge Fac­tory’s SAPTG statis­tics show that while the av­er­age price of a full ti­tle prop­erty in Clifton last year was R8.6m, prop­er­ties on Net­tle­ton Road don’t change hands of­ten. The last three sales for full ti­tle prop­er­ties were all priced over R30m. Price: R120m in­clud­ing all fur­nish­ings Con­tact: Se­eff Prop­er­ties Lance Co­hen 082 416 6103

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