Property description

Renovated Mountainside Home with Sea Views, Pool & Second-Dwelling Potential | VAT Included - No Transfer Duty

R5,485,000 VAT INCLUSIVE - NO TRANSFER DUTY

TEAM RAMOS EXCLUSIVE SOLE MANDATE

Set on the slopes of Mountainside, Gordon's Bay, this extensively renovated three-bedroom home combines beautiful False Bay and mountain views, a swimming pool and generous outdoor living with an unusual additional opportunity: the potential to develop a completely separate second dwelling on the property.

An Important Price Advantage

VAT is included in the R5,485,000 purchase price and no transfer duty is payable.

To put this into perspective, the total acquisition cost is roughly equivalent to purchasing a conventional property for ±R5.14 million plus transfer duty.

For purchasers using bond finance, the VAT-inclusive purchase price may potentially be financed as part of the approved bond, subject to the bank's valuation and lending criteria. Purchasers remain responsible for the applicable conveyancing and bond registration costs.

More Than a Home - A Second Property Opportunity

One of the most interesting aspects of this home is the potential offered by the site beyond the existing home.

The current owners have finalised building plans for a separate double-storey dwelling, designed to operate independently from the main residence. Building plans are available on request, with concept drawings included at the end of the property photographs.

Subject to the necessary municipal and other approvals, a future owner could consider developing the second dwelling for long-term rental, short-term accommodation or independent living for extended family.

There may also be potential to investigate subdivision or sectionalisation and the future sale of the second component, subject to all required approvals.

Alternatively, retain both and create two separate homes and potentially two income-producing assets on one property.

The Main House

The existing double-storey home has been extensively renovated while retaining much of its original character.

Textured plaster walls, arched windows, timber-clad ceilings and curved architectural details are combined with contemporary finishes to create a home with considerably more personality than a conventional modern build.

The ground floor centres around a generous open-plan kitchen and dining/entertainment area. Terrazzo-style tiled floors, a large marble-look centre island with seating, five-burner gas stove and oven, and ample cabinetry create a practical space for everyday living and entertaining.

The kitchen and dining area connect to a separate lounge with recessed display niches and direct access to the garden.

Two bedrooms are located on this level, both opening through French doors onto the back garden and providing easy access to the swimming pool. These bedrooms share a shower bathroom.

An Entire Floor for the Main Suite

The first floor is dedicated to an exceptionally spacious main bedroom suite.

The bedroom incorporates a sculpted corner fireplace, fitted dressing area and large en-suite bathroom with a freestanding round bath, double vanity with brushed-gold fittings and a walk-in tiled shower.

Sliding doors open onto a substantial covered balcony with views across False Bay in one direction and the Hottentots Holland Mountains in the other.

It is a wonderful elevated space from which to enjoy the changing colours of the bay and the mountains catching the late-afternoon light.

Pool, Garden & Outdoor Living

The established garden includes mature shrubs, terraced planting and a swimming pool positioned to enjoy excellent sun.

An outdoor open braai alongside the pool creates a relaxed entertainment area and an ideal setting for summer afternoons with family and friends.

The home's whitewashed exterior, shuttered entrance and curved front steps add a distinctive Mediterranean character particularly well suited to its Gordon's Bay setting.

Excellent Parking & Storage

An extra-length garage provides useful additional space for a larger vehicle, boat, trailer, bicycles or workshop requirements.

There is also secure off-street parking for a further two vehicles beneath a carport and behind the property's sliding entrance gate.

Mountainside, Gordon's Bay

Mountainside offers elevated coastal living while remaining conveniently connected to Gordon's Bay and the greater Helderberg.

Gordon's Bay Harbour, Bikini Beach, cafés and restaurants are only a few minutes away, while Clarence Drive provides one of the Cape's most spectacular coastal routes towards Kogel Bay, Rooi-Els and the Overberg coastline.

Somerset West, schools, shopping centres, Stellenbosch and the Cape Winelands are also within convenient reach.

At R5,485,000 VAT inclusive, with no transfer duty payable, the property offers a meaningful acquisition-cost advantage. Add the sea and mountain views, established outdoor living and the potential to develop a second independent dwelling, and this becomes a particularly interesting proposition for both homeowners and property investors.