A 4-bedroom development in Fresnaye with views of the Atlantic seaboard is on the market for R84 million. The development, called THE Penthouse, is currently under construction. The price includes VAT, and no transfer duty is payable.
A big draw of the property is the views, which said will leave you in awe. The 665 sqm property comprises an internal 410 sqm and an external space of 215 sqm. The entertainment level has an indoor-outdoor flow that connects to an expansive terrace with a large rim flow pool.
The sculptural kitchen island comes with integrated appliances, combining elegance and function. The three-bedroom suites can also be found next to a dedicated TV room. The penthouse suite found upstairs also has its private deck, allowing the owner to enjoy the views.
“The walk-through dressing room is a haven for fashion enthusiasts, while the oasis-like bathroom offers a tranquil escape from the outside world and a private office. “There is also a gym to be enjoyed on this level.” THE Penthouse also has five parking bays, a storage room, and staff accommodation.
Cape Town continues to draw high-net-worth individuals, with local and international buyers prepared to pay over R20 million for homes in the city. According to Seeff, more properties sold above R20 million in the first quarter of 2024 than in the first quarter of 2023. Samuel Seeff, chairman of the Seeff Property Group, said that Cape Town stands out as the strongest property market in the country.
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