Prime vacant land in prized Nettleton Road sold for R170m by Pam Golding Properties

Two adjacent vacant erven comprising a total of 2 700sqm and situated in prime position in what is considered South Africa’s most prestigious and coveted address – Nettleton Road in Clifton on the world-renowned Cape Atlantic Seaboard – have been sold by Annette Hepburn of Pam Golding Properties for a total sum of R170 million, VAT inclusive.

According to Hepburn, long-term resident agent and area specialist, while these erven have planning permission for nine apartments, the buyer, a multinational entity based in various countries, has indicated that it is intent on building one expansive trophy property to crown Nettleton Road.

Says Hepburn: “This is one of a few remaining vacant sites in this highly sought-after address, where properties rarely become available, and when they do, opulent, completed residences can be acquired for upwards of R150 million.

“Nettleton Road is the most exclusive of all roads in the country, with a limited number of residential properties, large luxurious, iconic homes which offer all the elements desired by high-net-worth individuals – an unparalleled lifestyle, exclusivity, privacy and rarity, and above all, the spectacular views which epitomise the essence of the globally acclaimed Atlantic Seaboard. Panoramic views from Nettleton Road sweep from the Twelve Apostle Mountain Range to all four Clifton Beaches. This premium location is home to captains of industry and some of the most luxurious designer homes in South Africa.”

Adds Hepburn: “A prime, upmarket suburb, Clifton’s residential property median sales price of R34 million for 2025 to date is +29.5% above year-earlier levels and 136% above levels a decade ago. Sales activity rebounded post-pandemic, remaining elevated ever since, with 18 sales already recorded this year to date (according to Lightstone data) – exceeding the whole of 2019 and close to the 2023 total of 27 sales. These figures include both sectional title and freehold homes.”

Currently, Pam Golding Properties is marketing a five-bedroom (all en-suite) multi-storey, residence which was designed by award-winning architect, Stefan Antoni, and which is also situated in Nettleton Road, priced at R160 million including VAT with no transfer duty payable.

With 180-degree views across Clifton and the ocean, this world-class architectural masterpiece has unique, over-sized, open-plan entertainment areas carefully integrated into the natural environment. With specifications of international standards, the villa is spread over five levels, each accessible by private glass elevator. It includes a bespoke Italian Assirelli designer kitchen, level garden with outdoor lounge and dining areas, exceptional views from the spacious entertainment terrace complete with a 16-metre heated infinity pool, four reception rooms, home office, media room, gym, laundry, steam room, three additional guest cloakrooms, staff apartment with two bedrooms, kitchen and bathroom plus a security suite at the entrance – on ground level. There is 24-hour security, four garages and four off-street parking bays.

For further information contact Pam Golding Properties Atlantic Seaboard on 021 439 7415 or visit www.pamgolding.co.za

Posted by The Know - Pam Golding Properties