We’ve all dreamed of whipping out our chequebook and purchasing the fanciest Clifton beach properties on the market.
While many of us could only dream of kicking our shoes off and enjoying the luxury of a R106 million property, it appears Europeans (with their superior exchange rate) are doing just that.
According to local realtors, international buyers are scooping up some incredible mansions along the Mother City’s Atlantic Seaboard. And who could blame them, with the Twelve Apostles as your backdrop and the glittering Atlantic Ocean dazzling you each day, anyone with a couple of millions to spare would make a similar purchase.
The popular Clifton mansion, Obsidian, is the latest property to be snagged by a foreign investor. Designed by South Africa’s top architecture firm, SAOTA, this glass-designed architectural dream was on the market for R160 million for quite some time, as per IOL.
The property had been on the market over South Africa’s hard lockdown from 2020 – 2021, but as the world looks back at the chaos caused across various sectors by a global pandemic, the sale of this unique villa is a “clear indication that the world and the market are opening up,” says Karryn Cartoulis of Re/Max Living.
Obsidian is built across five levels and is specifically designed to blend seamlessly with the natural surroundings of this affluent area. A suspended fireplace, swimming pool, various entertainment areas, and elevator are just a few of the luxurious features the new owners will have a chance to enjoy.
While many of us would imagine the foreign buyers snatching up properties in sought-after areas such as Clifton, Camps Bay and Llundudno are a tad bit older, Cartoulis states that purchasers are actually young entrepreneurs from Europe who chase the sun, staying for three months at their villas while inviting their friends to join them.
Here’s a look inside this property:
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