Most Expensive Property in Cape Town Sold

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Cape Town is renowned for being one of the most beautiful cities in South Africa, and the world. It’s no wonder then that the city boasts some of the most expensive properties in the land.

Recently the most expensive property in Cape Town was sold for the whopping amount of R290 million, making it the highest price ever paid for a house in South Africa and Africa.

Built two years ago, the most expensive property in Cape Town can be found in Bantry Bay, along Cape Town’s Atlantic Seaboard. Fully furnished, the three-storey home has 5 bedrooms, 3 guest bedrooms, 2 staff bedrooms and 8 garages. The sale of the property to a young German couple also included two luxury cars (Porsche Cayenne and Aston Martin DB9.)

The couple have revealed that they will be using the property as a holiday home.

Laid out in the shape of a horseshoe, the property boasts 360 degree views of Lion’s Head, Table Mountain, the Atlantic Ocean, Bantry Bay and Robben Island.

The sale of the house was done through Cape property group Dogon Property.

Research has shown that Western Cape is home to some of the most expensive properties in South Africa, with the highest rental properties found in the province as well. The research also found that in the first and second quarters of 2016, rent in the Western Cape was the most expensive.

In addition to this finding, whereas the average rent nationally for the first quarter of 2016 was R6076.44, rent in the Western Cape cost R7090.71.

The third quarter of 2016 revealed that rent in the Western Cape cost R7463.04, while the national average was R6172.80.

The Atlantic Seaboard is where one is most likely to find the most expensive property in Cape Town.

 

 

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