Steenberg Estate - SA’s Priciest Estate

Private Property South Africa
Anna-Marie Smith

This premier golf and wine estate is located in the most southern position of the Constantia Valley below the Tokai Forest, amid vineyards at the foothills of the Steenberg Mountain, meaning ‘Stone Mountain’.

This prime location along Cape Town’s southern suburb wine route offers spectacular views across the Valley and False Bay in the distance. Yet, this suburb also has a reputation as one of Cape Town’s quirkiest addresses as a result of its unusual neighbours, one being Pollsmoor Prison and the other the American Embassy. The estate recently received a top ranking by Lightstone in fourth position of SA’s priciest suburbs and average property valuations of R9.5 million, beaten by Clifton in first place with average property prices at R13.6million, and Westcliff in Johannesburg placed sixth with average valuations at R8million.

The Steenberg private golf and residential estate is located on the Steenberg Farm, the Cape’s oldest wine farm with a history going back as far as 325 years. This valuable land was originally granted to a widow, Catharina Ras, in 1682 after whom the main avenue in the estate as well one of its famous restaurants were named. The farm was first known as Swaaneweide – the feeding place of swans; it was only later renamed as Steenberg, in honour of the imposing mountain which towers over it. Steenberg is the southern-most wine farm in the Constantia Valley, it thus benefits greatly from the cooling influence of nearby False Bay. Wines were first produced on the farm in 1695, and since 1990, there is 60ha under vine, of which 48ha have grown to bear fruit of a variety of cultivars. Steenberg Estate has become distinguished as one of the Cape’s top wine producing farms in the Constantia Valley, SA’s premier wine growing region. Boasting cool, sea-facing slopes and majestic granite ridges, this vineyard has developed a worldwide reputation for producing excellent Cape wines.

The estate comprises 245 units measuring on average 3921m2 that were developed on this 3921m2 farm, and for a number of reasons holds a firm position in the property market including an excellent re-sale market resulting from strong supply and demand. One of the reasons for high investment demand here is the superior level of unobtrusive security on the estate which is enclosed by an electric palisade fence with strictly controlled access and 24 hour security. This estate offers its predominantly middle-age residents an exclusive lifestyle within a secure environment where owners can relax while playing golf on one of the Cape’s top courses, or enjoy the wonders of the estate including restaurants, winery and wellness centre. Those visiting the estate can also be accommodated as guests at the resident five star hotel and enjoy all estate facilities as well as nearby surroundings such for horseriding, hiking, and mountain biking.

Although last year saw a minor dip in property prices here, it showed a speedy recovery and maintained its top average pricing achieved in 2009 of R14.7 million, with 8 re-sales during 2010 and one for the first three months of this year.

This suburb offers its community every possible convenience including hospitals, prestigious private school as well as state schools, shopping facilities and the beautiful winelands, mountains and forests.

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