How To Live A Monaco Lifestyle In False Bay

Private Property South Africa
Anna-Marie Smith

Gordon’s Bay holds a natural attraction for wealthy investors who can moor their yachts in one of two harbours, enjoy the natural outdoors, or simply launch their fishing boats to practice a favourite pastime.

This charming seaside village is located just below Sir Lowry’s Pass from where the Strand’s beautiful golden mile beach is visible, and within short commuting distance to Somerset West and Stellenbosch . One of the best kept secrets about this prime location is Clarins Drive, the scenic False Bay coastal route that runs through Gordon’s Bay along the spectacular mountainside to Rooiels , Pringle Bay , Betty's Bay, Kleinmond and Arabella . While driving through this natural environment of Cape Fynbos, one of the six floral kingdoms of the world with its diversity of Protea species and over 380 bird species, can be viewed.

Gordon’s Bay property owners also have a number of choices for investment purposes, with generous offerings of different lifestyles overlooking several bays, beautiful white beaches, Table Mountain . Choices range between seafront, island and seaview living, and are available in the form of freehold, sectional scheme or estate properties.

One of this picturesque villiage’s most unusual attributes is that it holds two yacht harbours, with one located next to the well-known Bikini beach and the other at the world-renowned Harbour Island Estate. This unique concept in exclusive waterfront living and the first development of its kind in the Southern Hemisphere, was developed out of reclaimed land that now features canals, a hotel, sea side shops and restaurants.

Gordons Bay and its residents, many who are artists and commuting legal professionals from upcountry, continues to attract a mix of foreigners and Gaunteng buyers, who mostly invest in the town's prime areas such as the Village and Suikerbossie, all overlooking either Bikini, Main or Sunset beaches. Property professionals say buyers are lured by the north facing location backed by a mountain that offers harbour views.

Gordon’s Bay shows less negative impact as a result of the recession compared to some neighbouring areas. Lightstone illustrates price stability at the upper end of the property market here, where 12 of last year’s 336 sales as well as 3 of this year’s 54 sales had average values of more than R3 million each, and in both cases these average values were R4.7 million.

Lightstone statistics also shows an interesting market stock composition of 52% freehold, 31% sectional scheme and 16% estate properties. The highest prices fetched last year were for estate properties where 3 sales fetched average prices of R5.2 million. Interestingly, of all sales that took place during 2010 the highest average prices fetched were R1. 3 million for a total of 43 estate property sales, followed closely by R1. 2 million for a total of 134 freehold sales, and R445 000 for a total of 87 sectional share property sales. Gordon’s Bay saw a total number of 336 property sales worth R337 million during 2010, and 54 sales for the first three months of this year valued at a total of R58 million.

Also reflected in the statistics is that the majority of stable property owners in Gordon’s Bay are aged between 36 to 64 years of age, and 56% of recent sellers left Gordon’s Bay after only five years of living there. Only 14% of recent sellers have lived there for longer than 11 years, and 23% of stable owners lived there for 11 years or more.

Gordon’s Bay Primary school offers pre-school and primary education, as well as aftercare facilities for younger families living in the area.

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