Hermanus’ most prestigious property, situated in the highly sought-after Voëlklip neighbourhood, is now officially on the market, exclusively through Seeff Hermanus.
The residence previously belonged to Markus Jooste, a South African businessman who was the CEO of Steinhoff International from 2001 to 2017.
It boasts an unrivalled scale and prime position as one of the most exclusive estates on the Whale Coast.
It contains seven bedrooms and nine bathrooms.
Land Size: 6,940m²
Main Residence: 2082 m²
Heritage Cottage: 259m²
Separate Flatlet: 84m²
It is anticipated to achieve a record-breaking sale price, with Seeff noting a price of R105 million.
It offers uninterrupted views of Walker Bay, globally renowned for its spectacular whale-watching.
Paul Kruger, licensee for Seeff Hermanus, describes it as a “legacy property,” and one of the most significant coastal residential holdings, a rare investment opportunity.
The estate includes a rare double plot, covering 7,000 square meters, making it exceptionally desirable. It boasts a manor house with voluminous interiors and bespoke finishes, along with additional residences, all in a Cape vernacular style.
Its distinguished history includes being the holiday retreat of the respected Rupert family.
Kruger noted that Hermanus has become a prime destination for second homes and development, largely due to its stunning coastal location, weather, lifestyle and proximity to Cape Town.
High-net-worth (HNI) buyers and investors are increasingly drawn to the area. A recent New World Wealth Report for example indicated a 25% increase in high-net-worth individuals migrating to the town, surpassing growth in other Western Cape regions.
Over the past few years, property sales over R5 million have more than doubled on the back of strong demand. Exclusive areas like Kwaaiwater and Voëlklip have recorded transactions ranging to over R20 million, and more recently over R40 million with rare properties such as this estate expected to top the R100 million mark.
Lightstone data confirms Hermanus boasts the highest volume and value of transactions among key smaller coastal towns, solidifying its position alongside areas such as Plettenberg Bay in the high-value segment.
Kruger pointed to a notable semigration trend, particularly from Gauteng with a substantial number of affluent individuals now either residing permanently or owning significant holiday properties in the area.
