According to DG Properties, the asking price works out to about R180000 per m² and the agent notes the site sits among the Atlantic Seaboard’s most valuable properties, reports Cape {town} Etc.
A 1124m² plot on Nettleton Road in Clifton has been listed for R200 million! Making it the most expensive residential property offered in South Africa.
The listing, managed by Adrien Epstein of DG Properties, describes the land as private and seaside, with panoramic views of Table Mountain, the Twelve Apostles and Clifton’s beaches.
Epstein says the site ‘effortlessly embraces iconic postcard views’ and presents a rare opportunity to build a flagship home on the seaboard.
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Approved plans by architect Jenny Mills for a circa 1500m² house accompany the sale and the agent’s finance estimate puts bond repayments for the land alone at roughly R2 million a month on a 20-year loan.
Industry data and agents point to scarcity and sustained demand on Clifton’s narrow market. Seeff’s recent analysis places Clifton at the top of South Africa’s most expensive suburbs, with few annual listings and strong transaction values.
PropStats records show nearly R2 billion in sales in Clifton over five years, underscoring its exclusivity.
Seeff Atlantic Seaboard specialists say high-net-worth buyers continue to seek oceanfront plots, and that prices in streets such as Nettleton Road can reach the highest levels nationally.
For many Capetonians the listing is a vivid reminder of the Atlantic Seaboard’s global appeal and the premium attached to its limited land.
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Picture: D&G Properties / dgproperties.co.za/
