{"id":95561,"date":"2015-08-12T20:33:57","date_gmt":"2015-08-12T18:33:57","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=95561"},"modified":"2015-08-12T16:34:15","modified_gmt":"2015-08-12T14:34:15","slug":"inside-south-africas-most-expensive-house","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/95561\/inside-south-africas-most-expensive-house\/","title":{"rendered":"Inside South Africa’s most expensive house"},"content":{"rendered":"

South Africa has a new title holder for “The most expensive home in SA” – and it comes in the form of a house called Casablanca in Camps Bay.<\/p>\n

When is a house not a house, though? When it’s a mansion. The “single family home” that is taking the title of South Africa’s most expensive house is located on Geneva Road in Camps Bay, listed for a cool price of $35 million – or R450 million.<\/p>\n

The 3,100 square metre house (under roof) is priced at $1,000 per square metre (R12,800), and features 8 bedrooms, 13 full bathrooms and parking for 14 cars.<\/p>\n

It even has its own mini-theatre.<\/p>\n

The selling price is so stupidly high, it actually dwarfs the amount spent on the security upgrades to President Jacob Zuma’s Nkandla homestead<\/a> – and is almost R150 million more than the country’s previous title holder, The Enigma Mansion.<\/p>\n

Read:\u00a0Most expensive homes for sale in SA<\/a>\u00a0(2013)<\/strong><\/p>\n

Property expert Steven Delit told CapeTalk presenter Kieno Kammies<\/a> that the $35 million price tag could buy all 33 houses that were sold in Camps bay in the first half of the year.<\/p>\n

It should be noted that this is the listing price for the mansion, and not necessarily the selling price.<\/p>\n

The Enigma Mansion, for instance, while listed at R300 million, has only had two offers made for the property: one for R285 million and one for R180 million.<\/p>\n

According to Delit, the hefty price tag for the Casablanca mansion may well be inflated for “public relations value”.<\/p>\n\n\t\t