A look the R69 million ‘Stonewood Lodge’ that was sold in South Afrca

·13 Sep 2024

Update: Lance Real Estate has sold the property.

Lance Real Estate sells luxury properties across Cape Town and is the market leader in the Atlantic Seaboard.

A six-bedroom house in Hout Bay, Cape Town, was on the market for R69 million.

According to Lew Geffen Sotheby’s International Realty (one of the several companies who were selling the property), the “Stonewood Lodge” is a one-of-a-kind estate that marries traditional craftsmanship with modern luxury.

The uniquely designed property has six en-suite bedrooms.

“Enjoy the privilege of space and comfort, with ample natural light streaming through large windows that offer serene garden and mountain views,” said Lew Geffen.

The property has multiple reception rooms, which offer seamless flow between spaces.

“From the warm ambience of the formal living room to the cosy charm of the family den, each room beckons you to unwind and savour life’s finest moments.”

The property also has a vaulted wine cellar to showcase and preserve a wine connoisseur’s collections. The space is large enough for wine tasting with friends and loved ones.

The property also features a state-of-the-art gym that caters to all fitness needs, a sauna, and a steam shower.

There is a large outside pool and jacuzzi, enveloped by the backdrop of Hout Bay’s majestic mountains.

The property also features an underground parking garage that can accommodate numerous cars. There is also an additional garage with parking for six cars and easy access to the kitchen area.

The property also has high-end security seamlessly integrated into the home’s design.

Pam Golding Property CEO Andrew Golding recently said that the luxury end of the South African housing market has seen incredible strength, with numerous multi-million-rand house sales over the last year.

These sales come amidst a strong outlook for the housing market, where several positive indicators are increasing optimism.

These factors include imminent interest rate cuts, petrol price reductions, improved confidence following the creation of the Government of National Unity (GNU) and a prolonged load shedding reprieve.

Golding said that sellers and buyers, including investors, who had previously hesitated about property transactions are now committing.

The Pam Golding Residential Property Index confirmed the trend, with National house price inflation rising to 4.7% in July 2024—the highest level since February 2022.

A significant reduction in stock levels has demonstrated the strength of the luxury end of the market, driving up prices.

“Confidence has returned to the luxury property market, driven by positive sentiment, improved financial conditions, local stock markets, and stable government,” Golding said.

Images of the Stonewood Lodge can be found below: