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This is Hout Bay’s highest-priced home

Riverside TerraceHout Bay’s highest-priced home was sold in early June for a record-breaking price of around R35m. Stephan Cross, sales manager for Seeff Hout Bay and Llandudno, said the property, situated in Riverside Terrace, sold within 10% of its asking price to a foreigner in 66 days.

“This contemporary, zen property is reminiscent of an island boutique hotel and includes a palm-fringed walking trail, designer veggie garden, Koi-filled ponds surrounding the home, and flowing into the house and seven bedrooms, of which six are en-suite,” said Cross, noting that the closest value property sold in Hout Bay was the Lichtenstein Castle which sold for R23m in May 2012, also to a foreigner. “Sales to the value of R83,400,000 were concluded in Hout Bay in May of which Seeff fetched R32,355,000 (a market share of almost 40%).

“Hout Bay – while certainly presenting some of the most luxurious properties imaginable – also has the added benefit of being one of the only coastal towns on the Atlantic Seaboard that still offers beachfront property in the lower millions.”

Photo: This Riverside Terrace home had a listing price of R35m and sold within 10% of its asking price – a new record for Hout Bay


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