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Buyers pay R2m for Whale Coast estate stands

benguela-cove-homes-and-mountainsSome 67 property opportunities remain at Benguela Cove Lagoon and Wine Estate in Hermanus. The estate boasts some of the lowest density housing in South Africa, with a total of 124 homes on 220ha of land – this translates into just 6% of the land taken up by buildings.

The estate offers 10ha of olive tree fields, 5ha of lavender fields, 80ha of Renosterveld nature reserve and 70ha of vineyards with 12 different cultivars. Lifestyle facilities include a deep water launch facility, 11km running track, pool, sports court and soon-to-be completed commercial and restaurant facilities. The estate has 24-hour security with on-foot, bicycle and vehicle patrols.

Plots range from 1,515m² to 4,278m², priced from R2,365m to R5,602m.

The two show houses are for sale, each 747m² in extent and set on 1,896m² stands, priced at R17m and R15m, respectively. Comprising four bedrooms en-suite with top-quality finishes, swimming pool and double garaging, both homes are elevated and north-facing on the lagoon front, with sweeping lagoon, sea and mountain views.benguela-cove-scenic-view

According to Nicola Lloyd, manager of Pam Golding Properties Hermanus and Onrus, the severe shortage and ongoing tightening of stock along the Cape Whale Coast (from Gordon’s Bay through Rooi Els, Pringle Bay, Betty’s Bay, Kleinmond, Fisherhaven, Vermont, Onrus, Hermanus and Stanford) is seeing buyers prepared to pay top prices for older seafront properties.

“The resultant demand is highest for well-located waterfront land and stands situated in secure estates,” she said. “Paying R5m upwards, buyers either extensively renovate and extend, or demolish and rebuild from scratch.”

hometimes@pixelbaste.com

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