Staggering price for ex-Steinhoff CEO Markus Jooste's Hermanus mansion
The Hermanus property, owned Markus Jooste, is on sale for a staggering price.
The high‑end estate in the coveted Voëlklip neighbourhood of Hermanus - long associated with prominent South African billionaire interests - is now listed for R105 million.
According to IOL, the property extends over nearly 7,000 m² and features panoramic sea views of Walker Bay with mountain backdrops, all within one of the most exclusive coastal enclaves on the Cape Whale Coast.
The main residence includes seven bedrooms, three separate lounge areas, and is served by ten garages.
WATCH: A look at late Steinhoff CEO Markus Jooste's Hermanus mansion
Additional structures include a heritage cottage and a separate flatlet.
Built in classical Cape style, the home is perfectly designed with towering ceilings, generous layouts, and unique finishes.
Estate agents describe this landmark property as “architectural mastery”.
This property offers unmatched space, privacy, and grandeur,” Kruger said, adding that its history imbues it with “a rich heritage of understated elegance and a deep connection to Hermanus’s pristine natural beauty.
WATCH: Here are six of the most expensive homes in Africa
Formerly owned by Steinhoff’s ex‑CEO Markus Jooste and associated with the Rupert family, it is reported to be the site where Jooste died by suicide in March 2024, just before surrendering to authorities.
The Financial Sector Conduct Authority (FSCA) has indicated its intent to seek a R475 million penalty from Jooste’s estate, potentially impacting any proceeds from this sale.
This is not just a home – it’s a piece of South African coastal heritage.
Watch the video tour of Markus Jooste's Hermanus mansion bewlo:
Sales of homes at this scale are increasingly rare in Hermanus, but the demand for luxury coastal sectors like Voëlklip and Kwaaiwater has surged.
According to Cape Town ETC, Transactions over R5 million have more than doubled, and properties exceeding R20 million - even R40 million- are becoming increasingly common.
If this estate sells at the asking price, it may become one of the highest-value property deals ever recorded on the Whale Coast. The current highest-valued sale on record was in Greyton and sold for just over R200 million.
READ: Two more suspects arrested in connection with Steinhoff saga
Ex-Steinhoff CEO Markus Jooste,63, reportedly shot and killed himself on Thursday, 21 March, leaving South Africans and many people in the world in shock.
According to online reports, Jooste spent his last days at his holiday mansion in Hermanus, which was previously owned by billionaire Johann Rupert.
Jooste's death comes a day after he was slapped with a R475-million fine by the country's financial market watchdog, Financial Sector Conduct Authority (FCSA).
The South African reported that Jooste took his final steps down the famous Hermanus Cliff Path Walk, where he reportedly shot himself in the head at the end of the trail.
Hermanus residents, Western Cape, have shared details of what they witnessed following the suicide of former Steinhoff International CEO Markus Jooste's suicide. Jooste passed away, allegedly after shooting himself. @Nasiphi_Same reports.https://t.co/jqdNwVQTFV#Newzroom405 pic.twitter.com/gkgwUsuipN
— Newzroom Afrika (@Newzroom405) March 22, 2024
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