A century-old area on Cape Town’s surf spots list for Rand 57 million
A Mediterranean-style mansion in Cape Town, South Africa that overlooks the city’s surf hotspot has been put on the market for R57 million ($ 3.6 million).
Nicknamed Graceland, the grand mansion is in Muizenberg, a sought-after location along the coastline of the city’s southern peninsula, and was built in 1914 for John Garlick, a department store mogul, according to the rating agency Pam Golding. Properties, a Savills based in South Africa. associate.
The historic estate, nestled beside the ocean and against a mountain backdrop, includes a sprawling main house, pavilion, staff quarters, garage and lush terraced gardens that climb the mountainside, the said. brokerage house, which listed the market earlier in December. .
While the large estate appeals to a luxury home buyer as a private residence, said Shelly Keys, Western Cape area manager for Pam Golding Properties, “it could become a boutique hotel or the corporate headquarters of an international or local company “.
With Spanish and Italian influences throughout the property, Graceland has pergolas, columns, arched verandas, high ceilings, hardwood floors, sash windows, and lots of period charm.
The amenities of the four-bedroom main house include a wood-paneled entrance hall, formal dining room, library area and study, several balconies and patios from which to enjoy the wealth of breathtaking views.
Outside, a myriad of lush plants and trees surround the pool area and keep the resort private.
Mansion Global could not determine who owned the house, when he bought it or how much he paid.
Typical house prices in South Africa rose 3.2% annually in the third quarter of the year, according to data from real estate agency and real estate consultant Knight Frank. It ranked 48 of the 56 countries and territories tracked by the Company’s Price Index.