If you have R60-million to spend on a house‚ you may consider living in a Sandton mansion with its own cigar bar and spa.
Not quite in that league? There's another lavish home on sale for nearly R26-million with a wine tasting room and a gym.
Charles Vining‚ Seeff’s managing director in Sandton‚ says the Sandton suburbs and immediate surrounds have generated an estimated R8-billion in residential sales in the last 18 months.
“About 10 sales per year are made in the R20-million plus price range in Sandton and we are seeing more activity in this segment of the market than we had in the prior 18 months. To date the highest price our branch has achieved in 2016 has been R26-million for a mansion in Sandhurst‚" he says.
Occasionally homes in the area can also be as high as R60-million to R80-million. Vining says they currently have three properties priced in the R60 million to R75-million price range and six homes priced in the R32-million to R40-million bracket.
These homes are located in different areas of "broader Sandton" like Sandhurst‚ Hyde Park‚ Morningside and Bryanston. One of the most lavish homes Seeff Sandton currently has on its books is a R60-million home reminiscent of the Southfork Ranch made famous years ago by the Erwing Family in the television series “Dallas”.
The size of the erf of this home is 5776 m2 and there are five bedrooms and five bathrooms. Luxuries include a gym‚ a hotel-type spa‚ fully fitted cinema‚ private library‚ cigar bar and a separate entertainment summerhouse with pizza oven‚ billiard room and dining area overlooking the pool‚ pool deck and floodlit tennis court.
This Sandton home boasts characteristics of the iconic Tuscan Villa‚ “Villa Gamberaia”. Image: Supplied
Another memorable home that boasts characteristics of the iconic Tuscan Villa‚ “Villa Gamberaia” on the hills of Florence‚ is on the market for R25,750‚000.
This home is located on an erf of 8600 m2‚ has five bedrooms‚ five bathrooms‚ a Slavin kitchen with integrated appliances‚ Italian garden and lighting‚ built-in pub and wine tasting room‚ a gym‚ Mahogony units throughout‚ gas and wood fireplaces‚ Rhodesian Teak Floors and a sparkling pool surrounded by Zimbabean Teak deck.
Vining says even in this super expensive price range‚ buyers are not overpaying or "indulging outrageous price tags in the slightest" and it is more important than ever for sellers to correctly price their property‚ whether it is in the sub R1-million or above R50-million price range.
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