Gem on the Atlantic coast
THE scenic stretch of Cape coast from Hout Bay to the V&A Waterfront, known as the Atlantic Seaboard, boasts landmarks such as the slopes of Lion’s Head and the Twelve Apostles along with real estate that is among the priciest in the country.
The Atlantic Seaboard includes the residential suburbs of Green Point, Sea Point, Mouille Point, Camps Bay, Bakoven, Llandudno, Hout Bay, Clifton, Fresnaye and Bantry Bay which offer easy access to a range of amenities and some of the Cape’s best beaches, including Clifton, Llandudno and Camps Bay.
Located on the border of Upper Fresnaye and Bantry Bay in a very quiet, exclusive cul-de-sac with only four houses is this home, which is for sale through Dogon Group Properties.
Talking about property on the Atlantic Seaboard, Denise Dogon says that the market has been consistent, with a difference in asking price and actual selling price between 10% and 20%. She says that although some of the properties can sit on the market for a year or two before selling, the general turnover is, on average, approximately 100 days.
“This is a very exclusive area. Dogon Group Properties recently sold a neighbouring property for R65m. There are no apartments in the area and most houses have a minimum of three bedrooms and a swimming pool.”
Entry level prices, she says, are around R10m.
Mid-level homes sell in the R20m range and are located higher up with breathtaking views, while the most expensive homes are those which achieve record prices as they have either been renovated or are brand new with all the necessary features and ben- efits of super luxury homes.
When it comes to buyer trends, Dogon says they are similar to what they have been in the last five years. The majority of buyers are from Gauteng or KwaZulu-Natal with 10%-15% from elsewhere in Africa or Europe.
Statistics from Lightstone, a property data provider, show that in Fresnaye, close on 69% of the 77 properties which were transferred between July last year and June this year were sold for more than R3m. Lightstone data indicates that the average price of a full-title home in Fresnaye is around R6,6m. Bantry Bay has an even high average price, of around R9,32m. From July last year to June this year, there have been 67 property transfers in Bantry Bay, of which nearly 54% were priced above R3m.
“The area is exceptional as an investment area,” says Dogon. “It
The demand for property here generally exceeds the supply
has an exceptionally beautiful setting between the sea, beaches and the mountain. The weather is more moderate than anywhere else in Cape Town and the demand for property here generally exceeds the supply.”
With the scenery as a prime draw card for buyers in the area, Dogon says that there is a huge price variance between properties with a view and those without, which can be as much as 50% of the price.
Priced at R35m, this home is surrounded by greenery and overlooks the bay. Set on 990m² with 600m² under roof, this home boasts an elegant spacious indoor living are that flows out to large pool deck. With its four reception rooms, this home also has a large kitchen, a study, three bedrooms with his and hers bathrooms in the master suite. On the lowest level is a wine cellar, ideal for casual entertaining. Additional features include an internal elevator, a storeroom, a gym and art studio, underfloor heating, air conditioning, a laundry/scullery, staff accommodation and internal vacuum system throughout the house, double garaging and offstreet parking for three cars.
The owners’ favourite feature is the large deck with a magnificent tree that has been allowed to grow through, providing shade with a gazebo-type eating area that is wind-free, north-facing and sunny with breathtaking views.
“This home is ideal for the discerning buyer who appreciates the elegant living of a bygone era. It is very unusual to find a gem like this on the Atlantic Seaboard,” Dogon says. Price: R35m Contact: Dogon Group Properties Denise Dogon 082 449 6608