{"id":822044,"date":"2025-04-25T16:00:00","date_gmt":"2025-04-25T14:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=822044"},"modified":"2025-04-25T15:50:32","modified_gmt":"2025-04-25T13:50:32","slug":"the-r45-million-luxury-home-for-sale-in-cape-towns-lifestyle-hotspot","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/822044\/the-r45-million-luxury-home-for-sale-in-cape-towns-lifestyle-hotspot\/","title":{"rendered":"The R45 million luxury home for sale in Cape Town’s lifestyle hotspot"},"content":{"rendered":"\n

An architecturally striking family home in Camps Bay, Cape Town, is on sale for just under R45 million, with the area having seen a massive rise in house prices since the start of the decade.<\/p>\n\n\n\n

Pam Golding<\/a> said the family home is on three levels, has high ceilings, and extensive outdoor spaces.<\/p>\n\n\n\n

The property’s elevated, exclusive position gives it access to Camps Bay’s best views of the surrounding mountains and scenic coastline.<\/p>\n\n\n\n

The house has five en-suite bathrooms, with wall-to-wall glazing offering panaoramic views.<\/p>\n\n\n\n

The property was completed in 2022 and covers three expansive levels with each floor featuring a variety of open-plan lounges and entertainment areas.<\/p>\n\n\n\n

All floors have vast glass sliders that lead onto patios with impressive concrete overhangs, complementing the home’s modern appeal.<\/p>\n\n\n\n

Two pools, a diverse garden, and an astro turf lawn allow space for outdoor entertainment and leisure time.<\/p>\n\n\n\n

The property also caters to those who desire the finer things in life, with quality finishes throughout.<\/p>\n\n\n\n

The property has solar-generated back-up electricity, fitted double glazing, solid oak flooring and electric blinds.<\/p>\n\n\n\n

The lock-up garage can fit four to five vehicles and additional covered carports can meet larger parking requirements.\u00a0<\/p>\n\n\n\n

Camps Bay booms<\/strong><\/h2>\n\n\n
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Camps Bay is one of the best-performing areas in Cape Town for luxury properties, as many enjoy the high-quality amenities on offer.<\/p>\n\n\n\n

Claude McKirby, Co-Principal for Lew Geffen Sotheby\u2019s International Realty, said that access to lifestyle amenities, including shopping centres, restaurants, and beaches, massively impacts property value.<\/p>\n\n\n\n

McKirby noted that areas offering a high quality of life tend to attract more buyers and see steady price growth.<\/p>\n\n\n\n

Properties in Cape Town’s Atlantic Seaboard are case in point, with Camps Bay and Clifton highly sought after due to their proximity to the beach, vibrant nightlife and breathtaking views.<\/p>\n\n\n\n

Ross Levin, a licensee for Seeff Atlantic Seaboard, also noted that sales of luxury trophy homes priced over R20 million increased to a record high in Q1 2025 this year, including significant sales in Camps Bay.<\/p>\n\n\n\n

Propstats data shows a record 53 high-value sales worth over R1.6 billion in the first three months of this year. Levin noted that wealthy buyers see Cape Town property as a good store of wealth.<\/p>\n\n\n\n

Cape Town is also drawing buyers from all over South Africa and the globe. Seeff noted an influx of semi-urban buyers from Gauteng and KZN to Cape Town.<\/p>\n\n\n\n

Buyers from the UK and Germany also invest heavily in South Africa, mostly cash buyers.<\/p>\n\n\n\n

In Camps Bay, Seeff sold a R45 million home to a local buyer, a R21 million home to a German buyer, and a R33.75 million home to a British buyer in a shared sale.<\/p>\n\n\n\n

Camps Bay is the third most expensive area for luxury buyers in Cape Town, with luxury properties fetching over R24.1 million. Only Clifton and Bishopscourt surpass Camps Bay\u2019s prices. <\/p>\n\n\n\n

The high price growth in Camps Bay has skyrocketed since the start of the decade, when luxury property prices were R13.18 million, R10 million less than today’s prices.<\/p>\n\n\n\n

Luxury Suburbs ranked by Average Luxury Price for Q1:2025 vs 2020 (Source: Propstats\/Seeff)<\/strong><\/p>\n\n\n\n

Suburb<\/th>2025<\/th>2020<\/th><\/tr><\/thead>
Clifton<\/td>R42.0 million<\/td>R37.0 million<\/td><\/tr>
Bishopscourt<\/td>R24.7 million<\/td>R15.8 million<\/td><\/tr>
Camps Bay<\/strong><\/td>R24.1 million<\/strong><\/td>R13.2 million<\/strong><\/td><\/tr>
Llandudno<\/td>R23.0 million<\/td>R20.1 million<\/td><\/tr>
Waterfront<\/td>R21.6 million<\/td>R11.2 million<\/td><\/tr>
Bantry Bay<\/td>R21.6 million<\/td>R20.4 million<\/td><\/tr>
Higgovale<\/td>R21.5 million<\/td>R22.5 million<\/td><\/tr>
Constantia<\/td>R21.1 million<\/td>R12.7 million<\/td><\/tr>
Fresnaye<\/td>R17.4 million<\/td>R15.1 million<\/td><\/tr>
Oranjezicht<\/td>R16.7 million<\/td>R10.0 million<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
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Images of the R45 million house in Camps Bay <\/h2>\n\n\n
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