Pearl Valley sets new benchmark for Winelands prices
2005-07-07
PROPERTY prices in the Winelands area have reached a new benchmark with the sale of a prime residential erf on the Pearl Valley Signature Golf Estate, at a record price of R3 million.
The R3 million lakeside property covers 1476m˛ and is beautifully positioned on the estate, overlooking the immaculate 18th hole with panoramic views of the Simonsberg, Groot Drakenstein and Klein Drakenstein mountain ranges.
With its location on a sculpted lake, the plot is a delight for bird watchers who may be treated to regular sightings of some of the 100 bird species which have been identified on the estate, including rare birds such as the Black Eagle.
The erf is furthermore a mere stone’s throw from the 6 500 m˛ state-of-the-art Lifestyle Centre, which is currently under construction and that will feature the new golf club house, a gymnasium, health and beauty parlour, children’s entertainment centre, swimming pools, an arts and crafts centre, a business centre and a choice of restaurants.
Over sixty percent of the 500 stands at Pearl Valley have already been sold, 64 homes have been completed and 49 others are currently under construction, with the first families already enjoying a stylish, secure lifestyle in the country.
The owners of this prestigious plot of land, who hail from the UK, cited as one of their prime deciding factors the convenience of Pearl Valley’s location close to all amenities, and in close proximity to the airport.
The country-style existence that is an extension of the three neighbouring towns - Franschhoek, Paarl and Stellenbosch - offers an olde-world ambience with new world convenience - a combination that is impossible to resist.
Add to this the spaciousness of the low-density development, and there can be no doubt that property at Pearl Valley is an asset in a class of its own.
The championship Pearl Valley Golf Course, which meanders through the residential area, is designed by renowned ‘Golfer of the Century’ Jack Nicklaus, whose hands-on design experience is clearly evident with his signature firmly stamped on the engineering and planning detail of the course.
The golf course is immaculately maintained and integrated with the landscape and architecture.
Says general manager Rob Selley: “We are thrilled that this sale at Pearl Valley has achieved the highest property value for a residential stand in the winelands. Breaking through the R3 million milestone for a residential erf, is a significant achievement and is testimony to the prestige associated with Pearl Valley, the increased demand for living on a championship golf course in these beautiful natural surroundings, and the growing popularity of the family lifestyle offered by security estate living.”
He went on to say that there are a limited number of sought-after stands still available in this price bracket and added that it is significant that, although both local and international investors have made Pearl Valley their choice of investment, 54% of buyers are Capetonians, who choose to live on the estate with their children.
“Our objective is to create an environment where safety and security is paramount and family values are engendered and I find it particularly encouraging to witness the tangible sense of community that is already flourishing on the estate.”
Properties at Pearl Valley are generously sized between 1100 and 2800m˛ and each plot is elevated to ensure uninterrupted views across fairways, greens and water features.
Prices range from R1 295m to R3m per erf and already these are proving to be an excellent investment, with re-sales showing an increase in values of 50% in the first three years.
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