Plot Sells for R5.8 Million

The last vacant beachfront erf. Photos: Complete Coast Properties

The plot’s multi-million rand view. Photos: Complete Coast Properties

Penny Jenkins from Complete Coast Properties.

Penny Jenkins.

Hold onto your seat. The last vacant beachfront plot in Melkbosstrand has just sold for a whopping R5.8 million. This is a record price for a vacant plot in Melkbosstrand, and the new owners paid it in cash.

Up to now the highest price paid for a vacant beachfront plot was around R5 million. The plot in question is located in a quiet cul-de-sac in Duiker Road; it has uninterrupted views of the beach, Robben Island and Table Mountain. It is a generous 1292m² in size. The Complete Coast Properties website describes the erf as having “the potential for a dream home or a small sectional title development.”

The plot was apparently on the market for a long time. Initially priced at R5.950.000, it was an open mandate. It has just been sold by Penny Jenkins of Complete Coast Properties. It is Penny’s personal record, too, for a vacant plot. She tells Melkbos.net that two other vacant beachfront plots, also sold by her, sold for R4.5 million each. They were located next to each other, and was bought by the same person, which made that a sale of R9 million.

According to Penny the new owners are “South Africans back from 20 years in Canada. They’re lovely people. They were initially looking at another property and then realised that if this plot was bought and built up by someone else, it would take away their beach view.”

What does this latest record price mean for Melkbosstrand’s real estate? “There will always be demand. The town can’t really expand. We’re very, very privileged. Melkbosstrand is sought after; we live in Paradise. It is very good for our town. We hope that the owners will use architects and builders from Melkbosstrand.”

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