Most Expensive Houses in South Africa
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So you want to buy a house, but you probably don’t have millions of rand to spend. That doesn’t mean you can’t get your hands on a home in one of South Africa’s most desirable locations. After all, even cheaper properties are within striking distance of some spectacular scenery. To help you find the best property for your budget, here is a list of 10 of the most expensive homes for sale in Southern Africa. Some have been purchased as holiday homes, and others are rented out as short-term accommodation or used as private retreats for wealthy families.
Stellenbosch
Stellenbosch is one of South Africa’s most famous wine-growing regions and is home to some of the oldest vineyards in the country. The town, situated in the Western Cape, is also known for its typically Dutch-colonial architecture, which is reflected in the design of the many mansions that can be found in the area. Stellenbosch’s most expensive property is this 82-hectare estate, which will go under the hammer on June 7 at the next V&A/Sotheby’s auction in Cape Town. The house was designed by architect Chris Pels, who also designed the nearby Fairview, one of South Africa’s most luxurious hotels. The property, currently rented out as short-term accommodation, also comes with various outbuildings and a vineyard. There are also plans to expand the vineyard, making it one of the biggest in the Western Cape.
Constantia
Constantia is one of the most exclusive suburbs in Cape Town, thanks to the scenic views across the city’s bay and the surrounding mountains. The area is known for its concentration of historic mansions, including the iconic Groot Constantia and the Steenberg, which are currently for sale. Constantia’s most expensive house is this neoclassical property that is being marketed as a “luxurious home for the discerning buyers.” The house has a total floor area of more than 1,600 square meters and has been described as a “magnificent estate with a spectacular view.” The house is currently being rented out to a family as a private residence, with a rental price of 190,000 rands per month.
Cape Town
Cape Town is one of the most popular tourist destinations in South Africa, with Table Mountain, the City Bowl, and the V&A Waterfront all regularly making lists of the world’s most spectacular destinations. It’s no surprise that some of South Africa’s most expensive properties can be found in the city. Cape Town’s most expensive home is this 12,500 square meter property that has been described as “the jewel of South Africa.” The estate is currently being rented out as a high-end hotel and has been featured in the Wall Street Journal and the New York Times.
Constantia: Cape Town’s most exclusive suburb
Constantia is one of the most exclusive suburbs in Cape Town, thanks to the scenic views across the city’s bay and the surrounding mountains. The area is known for its concentration of historic mansions, including the iconic Groot Constantia and the Steenberg, which are currently for sale. Constantia’s most expensive house is this neoclassical property that is being marketed as a “luxurious home for the discerning buyers.” The house has a total floor area of more than 1,600 square meters and has been described as a “magnificent estate with a spectacular view.” The property comes with five bedrooms, four bathrooms, and two garages.
Kyalami and Zoo Lake
Located just 20 minutes from the city center, Kyalami is one of the most prestigious neighborhoods in Johannesburg. The city’s most famous racetrack, which hosted the country’s Formula One Grand Prix between 1967 and 1985, is also located in Kyalami. The most expensive property for sale in Kyalami is this 20-hectare estate, which has been described as “an exceptional offering” with everything needed for a “luxurious lifestyle.” The property is currently being rented as a five-star holiday home, with guests paying R75,000 for a three-night stay. Zoo Lake, another upscale Johannesburg suburb, is also home to one of the country’s most expensive properties. The house is currently for sale and has been described as “one of Johannesburg’s most exclusive properties.”
Johannesburg
Johannesburg is the economic heart of South Africa and has the largest stock exchange in Africa. As one of the country’s wealthiest cities, it’s no surprise that it has some of the most expensive properties. The most expensive house for sale in Johannesburg is this 10-bedroom property currently being rented out as a private residence. The home, located in a gated community, has a net rental yield of 11.5%, according to the estate agent.
Conclusion
South Africa’s spectacular scenery makes it a beautiful destination for holidaymakers and investors. While its popularity means that accommodation can be costly, it also means plenty of lavish properties for sale, even for those on a budget. If you’re looking for property investment in South Africa, it’s worth checking out the country’s most expensive homes for sale to get an idea of what kind of prices you should expect. Although these properties are undoubtedly stunning, they are costly and likely out of most people’s reach.
