INVESTMENT OPPORTUNITY: Chance to join the Nettleton jet set
A NEW Stefan Antoni designed flagship villa in SA’s most expensive street, Nettleton Road, has set the new benchmark in contemporary seaside living, says Seeff’s luxury market specialist, Lance Cohen.
Aptly named Pentagon, the villa delivers on five key aspects — a highly desirable location and address; unparalleled sea views; groundbreaking contemporary design and luxurious, yet understated finishes; and superior privacy and security.
"There are few homes that compare to the design, space and end-to-end views. The villa is secluded and quiet with nothing other than mountain and sea in sight.
It is set on a plot of 940m2, with a Stefan Antoni hallmark arch that appears almost suspended on the front of this remarkable home," says Cohen.
With just less than 1,800m2 under roof, the home is built over four levels with a state-of-the-art elevator serving all floors.
Essentially glass-encased, it offers super spacious, double volume living spaces throughout with broad terraces that stretch across the front of the first to fourth levels and appears to be suspended above the ocean.
Stacking doors open the living areas to the terraces and this, along with huge glass windows, allows for 360° views of Lion’s Head at the back and the ocean at the front.
At the street level, the home opens into a double-storey entrance hall that leads to the elevator. There is also a house manager/butler’s apartment situated here. An additional two-bedroom staff suite is located on the first level.
The master suite covers the entire first floor and includes a huge bedroom with a dressing room, luxurious en-suite bathroom and a private office.
Also on this level is a hi -tech 10-seater cinema room and gymnasium.
The second level encompasses the family living areas including a family lounge and three bedrooms with en-suite bathrooms that open to the outdoor terrace. There is also an internal storeroom as well as a multimedia and electronics control room.
The main living and entertainment rooms are on the third level. These include three lounge areas and a dining room, an Italian marble bar and state-of-the-art kitchen finished in Italian marble with a ceramic slate top and the latest Siemens appliances, all integrated, as well as a stone fireplace.
Large glass stacking doors open to where the heated rim-flow pool stretches across the front of the terrace. To the rear is a Zen garden and waterfall feature.
Above this is a mezzanine level that comprises a luxurious bedroom suite with a dressing room. Stacking doors open from the bedroom into an en-suite bathroom fronted by a suspended terrace with breathtaking sea views.
Yet another unique feature is the American walnut louvres that open the area to overlook the living areas of the third level below. This suite could serve as the master or a guest suite.
The lower level comprises a five-car garage that could also accommodate a boat and has space for additional storage.
Finishes include American walnut, natural granite stone, Brazilian oak and imported Italian marble and a broad, floating staircase that serves all floors.
The home is fully automated with remote-controlled blinds, LED lighting and multimedia and satellite television throughout. It also features the latest underfloor heating and cooling technology.
The state-of-the-art security includes infrared and iSmart linked camera technology.
"The villa offers luxurious yet understated living comparable to a seven-star private boutique hotel. It is luxuriously furnished and is for sale for R120m inclusive of furnishings," says Cohen.
He says that Nettleton Road, with its sweeping views across the beautiful Clifton beaches all the way to the Twelve Ap stle s, is the country’s most expensive street and property here commands average rates of R100,000/m2. Owners and inv estors include property developer Stuart Chait, Vijay Mallya of United Breweries, Basil Lishansky of Meltz success, Peter du Toit of Laduma Magazine and Claas Daun.
Cohen is of the opinion that while the public has been caught up in downmarket talk, high net worth buyers and investors have, over the past three years, bought up property here and have gone about creating homes valued at well over R120m each, significantly more than the highest price of R65m, paid for 34 Nettleton Road in 2010. An indication of the growth in value here is the sale of a 1,242m2 vacant plot by Cohen recently for R35m. Aside from Pentagon, Cohen is marketing two luxury villas priced at R49.95m and R120m each respectively.
Knowledge Factory’s SAPTG statistics show that while the average price of a full title property in Clifton last year was R8.6m, properties on Nettleton Road don’t change hands often. The last three sales for full title properties were all priced over R30m.
Price: R120m including all furnishings
Contact: Seeff Properties
Lance Cohen 082 416 6103
• This article was first published in HomeFront