New Exclusive Designer Estate for Plettenberg Bay – Sotheby’s on Property24
The most exclusive address in the popular coastal town of Plettenberg Bay is poised to launch its first gated estate later this year, with construction on One Beachy Head already under way and foundations being laid.
This is according to Steve Neufeld, manager principal for Lew Geffen Sotheby’s International Realty in Plettenberg Bay, who says this landmark development with only four erven available presents a unique investment opportunity in one of South Africa’s wealthiest streets.
“One Beachy Head ticks all the boxes for the discerning buyer. The homes were designed by world renowned architects Stefan Antoni/Olmesdahl/Truen in association with Simplicitas Architects,” says Neufeld.
“Its prime location atop a prominent hill offers uninterrupted views of the valley, beach and lagoon and the top-end finishes and attention to detail invite a luxurious and relaxed lifestyle.”
Neufeld says the houses range in size from 450sqm to 600sqm, all offering maximum privacy, state-of-the-art security and ocean views. Although the four plans vary to create unique homes, each unit has four en suite bedrooms, a pyjama lounge or TV room, separate staff quarters, double garages and gardens.
Hein Pretorius, Broker Principal for Lew Geffen Sotheby’s International Realty in Plettenberg Bay, says the houses were designed to optimise the idyllic location of the site, with the nucleus of each home being the light and airy open-plan living areas which flow out to the pool decks.
An in-depth study of the climate and specific characteristics of the land determined the layout and positioning of the houses to ensure the most natural light, protection from prevailing winds, privacy and maximum views.
Pretorius says although the signature architectural lines of the houses are contemporary, a warm synergy with the natural environment has been maintained through the use of wood and other natural rustic finishes.
Neufeld says Beachy Head Drive has consistently offered an excellent return on investment, with growth in recent years being way above the national market average.
“The road’s exclusivity, its prime ocean-front position and limited stock for investment opportunities are key contributing factors to this growth, which has seen the median sale price increase dramatically,” he says.
“In 2013 and 2015, only four properties in Beachy Head Drive changed hands each year, but in that short time we saw the average sale price jump from R17.9 million to R26.25 million.”
Pretorius says most of these properties were south-facing sites. One Beachy Head’s desirable north-facing position places these bespoke homes in pole position, both in terms of demand and return on investment.
Lew Geffen, chairman of Lew Geffen Sotheby’s International Realty, says this development will hold special appeal for Gauteng buyers who make up the lion’s share of local investors who still dominate the Plettenberg Bay market.
“They will be attracted by One Beachy Head’s exclusivity and potential return on investment, but one of the most appealing features will be the peace of mind afforded by the high level of security at the estate.”
Geffen says the upmarket estate is a fitting addition to the unique property landscape of this fashionable enclave, which is the site of more than 120 trophy homes valued at R20 million or more, third only to Johannesburg and Cape Town.
Neufeld says a key factor of Plettenberg Bay’s continued appeal is that it’s a well-established town with upmarket amenities and facilities, from a wide array of retail and dining options to first-rate medical care and a well-run municipality.
“Plett also caters to all recreational needs, from city dwellers seeking a relaxed beach holiday to action sport fans and nature enthusiasts.”
Prices at One Beachy Head start at R19.6 million including VAT with no transfer duty payable.