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LOOK: Inside Fresnaye’s R160m mansion - the second most expensive property to be sold in South Africa

The outdoor areas of this family home boast magnificent views of Lion’s Head and create the perfect oasis for relaxation and comfort. Picture: In Residence and Adam Letch

The outdoor areas of this family home boast magnificent views of Lion’s Head and create the perfect oasis for relaxation and comfort. Picture: In Residence and Adam Letch

Published Jan 7, 2022

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A magnificent five-bedroom mansion - previously featured in our Home Improver magazine - pristine with uninterrupted views of the Atlantic Ocean and sharing a backyard with Lion’s Head, has sold for a whopping R160 million.

Well-known Atlantic Seaboard estate agent Lance Cohen, who sold the elegant villa, says the closing price made it the second-highest recorded sale of a residential property ever in South Africa, and 50% higher than the highest price of a property ever achieved for a sale in Fresnaye.

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Fresnaye is one of the most sought after areas on the Atlantic Seaboard and boasts a wind-free enclave.

Cohen, owner of Lance Real Estate, who says the buyer wishes to remain anonymous, believes the Omicron variant has peaked, seeing “many foreigners flocking to Cape Town as the desired place to be with Covid numbers on the rise, and European winter in full swing”.

​Read the latest Home Improver's digital magazine below

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“This coupled together with a relatively weak rand and the fact that property prices declined substantially from the highs of 2017/2018 and continued to decline during Covid-19, whilst other countries like America, Australia and the UK saw a substantial increase in price, makes the Atlantic Seaboard is offering very good value for money.”

The villa has a clean-cut but cosy interior that seamlessly blends into an immaculately-maintained garden.

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READ MORE: Enjoy entertaining at home? Then take a walk through this dream house

The property has sleek designs and clear craftsmanship with an ode to mixed media throughout.

Part of the large entrance hall with the staircase leading up to the bedrooms and to the basement. Marble, glass balustrades with brass cladding, and dark-stained timber create unique textures. Picture: In Residence and Adam Letch

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From the light fixtures to the state-of-the-art kitchen, the floor-to-ceiling windows that offer natural light and the dark wooden floors with a magnificent marble staircase are just some of the design features to be noted.

An infinity pool and several comfortable outdoor sofas, add to the allure of the home making it a perfect retreat from the urban surroundings into nature.

Picture: In Residence and Adam Letch

The home could either be the perfect family home or an entertainer’s paradise.

You will also find:

* a wine cellar,

* cinema room,

*fireplace and outside bar and entertainment area.

Picture: In Residence and Adam Letch

“These are not just your average amenities as they have been specced out to offer the best of the best,” says Cohen.

Coming off the back of a successful year with a record-breaking sale of R125m Cohen broke his own record by selling this property at R160m.

Picture: In Residence and Adam Letch

Cohen adds: “The volume of sales of October, November and December last year were considerably higher than what they have been for the last couple of years.

“It is of my opinion that the prices on the Atlantic Seaboard will continue to steadily increase as inventories which were very high start to decrease.”

Picture: In Residence and Adam Letch

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