It’s everyone’s dream to own a luxury house one day, ideally someplace close the beach and accompanied by the idyllic backdrops of what Mother Nature has to offer. Unfortunately, those types of homes cost eye-wateringly large sums of money and the only way to be close to them is often a weekend cruise.
Each part of the country has its own super wealthy areas, where you either have to be an equivalent of Jeff Bezos or Elon Musk to be able to live there comfortably – not forgetting a garage filled with some of the most desirable cars. According to Ooba Home Loans, owning a home grants you a valuable asset that can be passed onto your heirs and one that will appreciate in value.
What exactly makes a home a luxury one? Besides the often massive ground size and prime location, they have the most impressive architecture, best-looking landscaping, crème de la crème finishes and state-of-the-art appliances. In addition, it’s also not rare for a luxury home to have indoor swimming pools, an elevator or even a rotating garage.
One of the biggest possible drawbacks for a seller associated with luxury homes are that they stay on the market longer because it appeals to a unique type of seller (the stinking rich kind) and also requires regular marketing from one or multiple estate agencies. Even when shopping for a luxury property, buyers still consider value for money – one might need (slight) renovations while another is fully kitted.
In beachfront properties with sea-facing views like Camps Bay, for example, the ground size isn’t very big (usually below 1000sqm) but the quality of the house usually compensates for that. Judging by the amount of ‘Under Offer’ or ‘Sold’ labels next to a number of luxury homes, it’s clear that there are no shortage of suitors when it comes to spending the big bucks.
It is not unusual when the time comes for an offer to be made, that some sellers will want to check that buyers actually have funds available to purchase the property and also request a bank statement.
There are many prime locations across South Africa that host some of the most luxurious homes and apartments. Gumtree lists some of the most expensive ones listed on Property24, if you happen to have any spare change laying around:
Please click on the highlighted link that will then take you directly to the original listing on Property24.
Clifton – R172 500 000
Sandton – R150 000 000
Clifton – R120 000 000
Clifton – R115 000 000
Constantia – R98 000 000
Now that you’ve got the knowledge, it’s time to shop! Head to gumtree.co.za or your Gumtree app (click for Apple & Android) and don’t forget to use your location settings to find local service information close to home.