Vacant land in Clifton sells for R170 million
The combined land area of 2 700 square metres places this transaction among the highest ever recorded for undeveloped residential property in South Africa.
The sale was facilitated by luxury property specialist Annette Hepburn of Pam Golding Properties, who described the deal as a rare opportunity in one of the country's most tightly held property markets.
'This is one of a few remaining vacant sites on this prestigious road, where sales are infrequent and vacant land is almost unheard of,' Hepburn said.
Nettleton Road, perched above Clifton's four beaches and offering sweeping views of the Atlantic Ocean and Twelve Apostles mountain range, is widely regarded as South Africa's most exclusive address.
The street is home to a collection of architect-designed residences, many owned by global business leaders and ultra-high-net-worth individuals.
According to Hepburn, the plots were purchased by a multinational entity that intends to construct a single, ultra-luxurious home on the site.
Although the land has existing planning approval for nine apartments, the buyer is reportedly focused on creating a landmark 'trophy home' to crown the road.
'This location offers a lifestyle that is virtually unmatched – privacy, exclusivity, dramatic natural beauty, and access to Cape Town's best,' Hepburn noted.
'That combination continues to attract discerning global buyers.' Market activity remains strong
The sale comes as property prices in Clifton continue to climb.
The median residential sale price in the suburb has reached R34 million in 2025 – up 29% year-on-year and 136% higher than a decade ago.
Market activity has also remained strong, with 18 sales already recorded in the year to date, surpassing pre-pandemic levels.
While the Atlantic Seaboard has long been a magnet for luxury investment, this latest transaction underscores not just demand for location, but the extreme scarcity of vacant land in South Africa's most elite enclaves.
As developers and private buyers compete for prime space, record-breaking deals like this are likely to become more frequent.
Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1
Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The South African
3 hours ago
- The South African
Eva Longoria's celebrity tequila brand caught in legal dispute
Jack Brinkley-Cook's ride-sharing company, Rove, is embroiling Eva Longoria's tequila brand, Casa Del Sol, in a legal dispute. Rove alleges that Casa Del Sol owes R30 million (about $2 million) in overdue payments for an advertising campaign. The dispute centres around Casa Del Sol's failure to pay for advertising displays promised under a multi-year agreement, according to The Blast. Despite repeated assurances of payment, Casa Del Sol reportedly missed payments for November and December 2023, extending into January 2024. When Rove sought payment, they say they received only empty promises, forcing them to halt the advertising campaign in January this year. Rove claims substantial financial losses due to unpaid invoices and investments made to prepare for the campaign. These include costs for procuring unused vehicles, technical infrastructure, advertising materials, and hiring staff and drivers. Rove is now pursuing compensation to cover these losses, seeking a total of R30 million. Rove highlights that while Casa Del Sol was neglecting payments, the tequila brand hosted extravagant promotional events. For example, in 2023, Casa Del Sol threw a star-studded party in Aspen featuring big names such as DJ Diplo. The brand also spent heavily renting a mansion in the Hamptons for popular TikTok influencer Alix Earle and her friends. Rove's lawsuit criticises this lavish spending amid unsettled debts. Although Eva Longoria co-founded Casa Del Sol, she is not directly named as a defendant in the lawsuit. Her lawyer, Andrew Bochner, confirmed that the company is taking the matter seriously and has already started an internal investigation. He said, 'The company is currently reviewing these matters with the utmost seriousness it deserves. We are exploring all available options and intend to respond through the appropriate channels'. The outcome of this lawsuit could be a crucial lesson in accountability for celebrity-led brands seeking to expand globally. Millions are at stake and reputations lie on the line, so many will closely watch how Casa Del Sol handles these accusations. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
7 hours ago
- The South African
Ramaphosa and Malema put cash and equality in the spotlight this Women's Month
As South Africans marked National Women's Day on Saturday, 9 August, financial burdens were a central focus during key addresses by the country's political leaders. The theme for this year's celebration is 'Building Resilient Economies for All.' President Cyril Ramaphosa and Economic Freedom Fighters (EFF) leader Julius Malema used the occasion to highlight the socio-economic challenges females face. In his address, Ramaphosa said that while South Africa has made significant progress since the historic 1956 Women's March, more must be done to empower women financially. The president said that over the years, the government introduced the Employment Equity Act and other progressive laws that have assisted in paving the way for female empowerment. Ramaphosa said women's participation in the workforce continues to grow, and the public sector prioritises procurement from female-owned businesses. The president added that government support also includes skills training, entrepreneurial assistance, access to funding, and multi-sectoral partnerships. 'This is progress. But it is not enough. We cannot rest until we have achieved gender equality throughout society,' Ramaphosa said. He urged South Africans to recommit to building a future where men and women are equal. Meanwhile, EFF leader Julius Malema echoed some of Ramaphosa's sentiments. Speaking at his party's commemoration, Malema highlighted the challenges women, especially domestic workers, face. He emphasised the importance of valuing and supporting females. 'We must protect them, we must respect them, we must provide for them. Any man who doesn't give women money is an irresponsible man – women have to receive money, especially black women,' said Malema. He stressed the need for more opportunities for women in the workforce and added that empowerment is key to combating poverty. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 11. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news
The South African
21 hours ago
- The South African
Female pilot explains why she doesn't want kids, sparks debate
Viral videos never seem to dry up on the World Wide Web. Isn't it wild how there's always something bizarre or hilarious making the rounds? From people surfing shopping trolleys on highways to cringeworthy challenge fails, the Internet never stops surprising us. The latest viral sensation has grabbed the attention of millions, racking up likes and shares all over social media. Today's Eish Wena segment features a female pilot sharing why she doesn't want to have kids, sparking debate online. Watch the video below @flygirl_sue Behind the scenes of a corporate pilot's schedule #pilotlife #aviation #flightschedule #childfreebychoicelife ♬ original sound – Sue Need your news quickly? Visit The South African website for all you need to know. Enjoy a wide variety of videos from news, lifestyle, travel, sports, viral videos and lots more! There is always something to watch here! Why not follow us on Facebook, Instagram and TikTok while you're at it? Get ALL the news you need to know on the go at your convenience! Submit your videos for a chance to be featured in the daily Viral Video article and get your name mentioned. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
