A five-bedroom apartment in Clifton, Cape Town, has just been sold for a record-breaking R145 million, setting a new benchmark for apartment prices in South Africa. This luxurious property, located along Clifton’s iconic 1st Beach, boasts the highest quality finishes and breathtaking ocean views that epitomize the exclusivity of the Atlantic Seaboard.
The seller of the record-breaking R145 million ( USD$8 Million), five-bedroom apartment in Clifton, Cape Town, has not been publicly disclosed. The deal was secured by Lance Cohen of Lance Real Estate, who revealed that the buyer is a former South African now residing in Monaco. Cohen confirmed that this sale surpasses the previous record of R120 million for an apartment in the country, highlighting the extraordinary demand for prime luxury properties in Cape Town.
This sale is part of a broader trend of escalating prices in the luxury segment along the Atlantic Seaboard. Nearby, a five-bedroom house on Nettleton Road, known as South Africa’s most prestigious street, is listed for R160 million and could set a new record if sold at asking price. Nettleton Road properties are renowned for their exclusivity, panoramic views, and architectural excellence, often attracting multinational buyers seeking trophy homes.
Detailed Description of the Apartment
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Bedrooms and Bathrooms: The apartment features five bedrooms, all en-suite, providing maximum privacy and comfort for residents and guests.
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Finishes and Furnishings: It is furnished with the highest quality finishes, reflecting meticulous attention to detail and luxury craftsmanship throughout the unit.
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Views and Location: Positioned directly along Clifton’s 1st Beach, the apartment offers mesmeric, panoramic views of the Atlantic Ocean, a hallmark of properties on the Atlantic Seaboard.
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Size and Layout: While exact square meter details are not specified in the sources, typical luxury Clifton apartments of this calibre range around 300+ square meters, designed for spacious, open-plan living that seamlessly blends indoor and outdoor spaces.
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Amenities: The apartment likely includes expansive living and dining areas, modern kitchens with bespoke fittings, terraces or balconies overlooking the sea, and premium security features, consistent with the standards of Clifton’s luxury market.
The announcement of the record-breaking R145 million sale of the five-bedroom apartment in Clifton, Cape Town, was made by Lance Cohen of Lance Real Estate in an interview with the Sunday Times newspaper.
