Yesterday, we looked at part one of the most exclusive estates in South Africa, with a follow on today of popular second home hotspots for well-heeled local and foreign property owners.
Located in the prestigious Links Ridge development in Fancourt Hotel & Country Estate, this home features only the finest finishes. It is on the market for R16.8 million - click here to view.This review is based on the number of millionaires that live in or have second homes on these estates, using information provided by wealth consultancy, New World Wealth.
Millionaires are individuals with net assets of US$1 million (R10 million) or more, excluding the value of their primary residence, and for the purposes of this review, smaller luxury estates such as Nettleton Ridge were excluded due to the low number of units on these estates.
Second home millionaire hotspots
The following estates are popular second home hotspots for wealthy South Africans and foreigners. Their locations far away from major cities makes it difficult for them to function as primary residences for anyone other than retired professionals.
This designer home for sale overlooks the 13th green on the Pezula Golf Course with uninterrupted views of the Indian ocean. It is priced at R9.95 million - click here to view.Interestingly, they are all located on the world famous ‘Garden Route’.
Fancourt is undoubtedly one of South Africa’s premier golfing destinations, with 3 of the top 20 courses in the country on one estate. The two original courses (the Montagu and the Outeniqua) were built in the early '90s, whilst the world famous Fancourt Links was added in 2000.
The estate is a haven for travelling golfers, many of whom stay at the Fancourt Hotel & Spa and the Manor House. There are several different residential areas on the estate including: Links Ridge, Links Avenue, Cape Dutch Village, Oakland’s Village and Montagu Ridge.
This Pezula Private Estate property has superb finishes and Spectacular views from every room. It is selling for R12.9 million - click here to view.House prices on the estate range from R3 million to R45 million.
Located on the coast next to Knysna, this development has 500 stands on 250 hectares. A unique feature of Pezula Golf Estate is the Sparrebos, a 45 hectare forest with many animal and bird species, located at the south-eastern corner of the estate in a steep fan-shaped gorge, which protects the tall trees within it.
House prices on the estate range from R5 million to R30 million.
This residence in Simola Golf Estate fits harmoniously into the hillside with views over the valley below. It is on the market for R18 million - click here to view.Pezula Private Estate is located next to Pezula Golf Estate. It is one of the lowest density estates in South Africa - the estate has 255 plots on 176 hectares (with no golf course taking up space). It is a relatively new estate and much of it is still undeveloped.
House prices on the estate range from R10 million to R40 million.
Simola is located in the hills above Knysna. The 325 hectare estate contains 4 new residential areas, namely: ridgeline (65 plots), river (21 plots), valley (97 plots) and forest (19 plots).
This four bedroom home in Arabella Country Estate has a contemporary design and overlooks a dam with the mountain as a backdrop. It is priced at R3.85 million - click here to view.House prices on the estate range from R5 million to R30 million.
Located on the Bot River Lagoon, 28 miles west of Hermanus, Arabella is a hotspot for second home owners both from South Africa and abroad. It is arguably the most picturesque golf estate in the country, with several lakes and fynbos wild zones.
Only a few of the holes have houses on them and as a result stands are limited - there are only 236 freehold properties on the estate. House prices on the estate range from R3 million to R10 million.
Arabella Golf Course is rated as the 4th best course in South Africa by Golf Digest.
Pinnacle Point Beach & Golf Estate
Spacious family house with four bedrooms en suite in Pinnacle Point Golf Estate is priced at R6.84 million - click here to view.Pinnacle Point Estate is located next to Mossel Bay on the south coast of South Africa. The cliff faces and ecology on the estate make it unique from other coastal estates in South Africa. Stands are relatively small, ranging from 800 to 1 200 square metres.
House prices on the estate range from R2 million to R15 million.
Brackenridge Private Residential Estate
Located on the hills above Plettenberg Bay, Brackenridge contains 280 stands on 128 hectares, making it a relatively spacious estate.
House prices on the estate range from R3 million to R12 million.
Luxury estates on the rise in SA
This double storey home in Brackenridge consists of two self-contained sections including five bedrooms, four bathrooms and two kitchens. It is selling for R5.95 million - click here to view.Estates are becoming increasingly popular in SA for a number of reasons. According to Warwick Scott-Rodger, Head of Brokers at MUA Insurance Acceptances, in the high net worth insurance space across the country, they are certainly finding an ongoing migration into security estates from the traditional freestanding properties. "The push for such a move does not ignore the luxurious amenities - like golfing that these estates often have on offer, but invariably the major lure being the tight perimeter security coupled with 24 hour guarding throughout.”
Increased foreign interest is also pushing up demand for estate properties in SA. According to Lisa Bathurst, MD at Hurst & Wills, foreign buyers, especially like buying on estates. "These are often holiday home investments, and so buyers look to estates for both the lifestyle benefits and the additional security.”
Not only will they get the inclusive benefits such as access to golf, as well as communal facilities like spas and restaurants, she says, but they also get the reassurance that their property is being maintained and monitored when they are not in the country, which for foreign buyers is more often than not.
Notably, insurance costs on estates are lower than stand-alone houses. According to Scott-Rodger, although one can't eliminate the security risk in its entirety, the insurance exposure towards theft of household goods and motor vehicles is certainly mitigated. He says although you pay a premium to live in these estates, you should be able to engage with your insurance broker to try to secure cost effective premiums on your insurance as a compromise. One must also not ignore the accidental risk of the odd golf ball hitting your window, he says.
Emerging and upcoming estates
There are a number of emerging newly-built luxury estates which are also attracting serious interest from wealthy buyers. Notables include the Waterfall Equestrian Estate in Midrand, the Val die Vie Estate in Paarl and the Serengeti Lifestyle Estate near Kempton Park.
In the near future, Steyn City, which is still far from finished, should become the number one estate in South Africa in terms of the number of millionaire buyers. This is due to a combination of factors including the massive size of the property and the top-end nature of a large portion of the houses on it. - Andrew Amoils
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