LOOK: Inside record-breaking R60-million Cape Town manor sale
The record sale is far above the R17-million average real estate price in the suburb over the last 12 months.
The Stillness Manor in Zwaanswyk, Cape Town, is a historic building.
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According to BusinessTech, Lew Geffen Sotheby’s International Realty closed the sale for a record-breaking R59,8-million.
This is the highest sale for this area.
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The house has stood the test of time, as it was built in 1688 as part of one of the first farms in the Western Cape.
If it has a hotel vibe, it might be because it has operated as a hotel and spa, offering amenities similar to those of a luxury boutique hotel.
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What will R60-million in Cape Town get you?
- 14-bedroom Cape Dutch estate
- Four-acre plot
- 1,650 square metres
- Indoor pool
- Two outdoor pools
- Tennis court
- Formal dining room (seats 20)
- Wine Cellar
- Parking for 22 vehicles
The location will also provide views of the False Bay coastline and Steenberg Golf Estate.
An international buyer purchased it for nearly three-and-a-half times the annual average.
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This purchase may seem like a rare one, but Lew Geffen Sotheby’s International says it reflects a high demand for secure luxury properties in the Cape.
It also places a firm benchmark for property pricing in Zwaanswyk.
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The group states that the suburb's properties have always been in high demand, with owners and residents in the suburb settling in for the long haul.
Combine the dearth of available overall stock with the fact that more than 40% of current owners have been resident for more than 11 years, according to Lightstone, and it makes for a highly competitive market. Buyers at this level are not just purchasing a house; they are acquiring a legacy estate with a profound sense of place and history.
Have a look at the beautiful property here:
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Image: BusinessTech/Lew Geffen Sotheby's International Realty