An opulent, prime positioned, four-bedroom Clifton bungalow has been bought for R70 million to an upcountry purchaser to be used as a vacation residence, making it the second highest worth for a residential property on the Atlantic Seaboard in 2021 thus far.
The R70 million transaction concluded by Pam Golding Properties follows sizzling on the heels of their December 2020 sale of one other Clifton bungalow for R37 million which was acquired by an Emirati purchaser from Dubai.
“In latest months on the extremely sought-after and world-acclaimed Atlantic Seaboard, there was a marked improve in demand for luxurious properties above R10 million, with properties accurately priced by motivated sellers reaching near asking worth,” stated Dr Andrew Golding, chief govt of the Pam Golding Property group.
All of the Clifton bungalows are topic to a strict zoning overlay which limits improvement, thereby enhancing the worth of the properties as this regulation preserves the constructed setting, the property group stated.
Overlooking Clifton’s Blue Flag rated Fourth Seaside, with views of the Atlantic Ocean and direct seashore entry, the bungalow includes 4 generously proportioned bedrooms – primary en suite, with two extra bogs and a visitor cloakroom.
With safe on-site parking for 4 vehicles, the house consists of expansive leisure patios with a big swimming pool and sweeping scenic views, a employees suite with non-public rest room and separate entrance, and separate laundry with a walk-in pantry.