Sandton suburb home to the highest concentration of millionaires with net assets upwards of USD30

The Sandton suburb of Sandhurst is undoubtedly the most sought-after residential neighbourhood, home to the country’s wealthiest residents, say Seeff agents, George Papadopoulos & Corinna Lowry.

This small residential enclave in the heart of the financial and economic power centre, Sandton, is home to some of the most sought-after and valuable real estate in the country, say the agents. Not surprisingly, WealthInsight, a London-based global wealth consultancy, recently reported that the suburb is home to the highest concentration of millionaires with net assets upwards of USD30 million, excluding their primary residences with one in every twenty residences in the suburb owned by a multimillionaire.

The area is secure and enclosed with controlled access for privacy and exclusivity. Its elevated position provides lovely views of the distant Magaliesberg Mountains. The designer homes here are equipped with luxury finishes and on large plots. It is a low turnover area with only about four sales in the last three years topping the R20 million mark. The recent sale of the Miko Rwayitare estate to an African buyer for around R80 million is testimony to the desirability and value of property here, attracting not only the country’s ultra-wealthy, but also those of the reset of the continent, say the agents.

A home in this posh suburb will set you back anything upwards of R18 million, but you can expect to pay upwards of R40 million for a residence in Coronation Road, the second most expensive road in the country, pipped only by Clifton’s Nettleton Road. On the market for R45 million for example, is a magnificent home designed by one of the country’s leading architects, Louis Louw. Set on a large plot of 4,800sqm with a fully irrigated, park-like landscaped garden with exotic cycads, walking paths and a rose garden its multi-levelled home offers bespoke contemporary design and finishes for the ultimate, luxurious lifestyle.

With some 2,000sqm in floor space, it is ultra-spacious with 4-metre high ceilings and appropriately high doors and windows. On arrival, you are greeted by a large koi pond and glass doors that open to a double-volume entrance hall. There are a multitude of formal and informal lounge and dining areas, a large study and library, an equipped cinema room and a billiard room with an adjoining bar. The living areas are fronted by large, covered terraces with outdoor lounge and dining areas that overlook the garden and massive rim-flow swimming pool. There is also a fully equipped gymnasium and steam room. The large kitchen is equipped with integrated Gaggenau appliances, a butler’s serving room, walk-in pantry as well as a walk-in fridge/freezer and a separate scullery and laundry.

On the upper level are four bedrooms suites. The master suite is ultra-spacious and includes a private study area and separate his and hers dressing rooms and bathrooms. The bespoke finishes include Iroko and cherry wood carpentry and cabinetry throughout, marble flooring, under-floor heating and air-conditioning, a generator and eight geysers. There is also a four-bedroomed staff suite, store room, garaging for seven vehicles, a guard house and state-of-the-art security.

For more information, contact Seeff Sandton, George Papadopoulos and Corinna Lowry on 084 454 1834/082 652 8891. View at, web reference 288724.

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