Two adjacent vacant erven comprising a total of 2 700sqm and situated in prime position in what is considered South Africa’s most prestigious and coveted address – Nettleton Road in Clifton – have been sold for R170 million.

According to long-term resident agent and area specialist, Annette Hepburn of Pam Golding Properties, while these erven have planning permission for nine apartments, the buyer, a multinational entity based in various countries, has indicated that it is intent on building one expansive trophy property.

“This is one of a few remaining vacant sites in this highly sought-after address, where properties rarely become available, and when they do, opulent, completed residences can be acquired for upwards of R150 million,” said Hepburn.

Nettleton Road is the most exclusive road in the country, with a limited number of residential properties, large luxurious, iconic homes which offer all the elements desired by high-net-worth individuals.

“Panoramic views from Nettleton Road sweep from the Twelve Apostle Mountain Range to all four Clifton Beaches. This premium location is home to captains of industry and some of the most luxurious designer homes in South Africa,” said Hepburn.

Clifton’s residential property median sales price of R34 million for 2025 to date is +29.5% above year-earlier levels and 136% above levels a decade ago.

Sales activity rebounded post-pandemic, remaining elevated ever since, with 18 sales already recorded this year to date (according to Lightstone data) – exceeding the whole of 2019 and close to the 2023 total of 27 sales. These figures include both sectional title and freehold homes.

Currently, Pam Golding Properties is marketing a five-bedroom (all en-suite) multi-storey, residence which was designed by award-winning architect, Stefan Antoni, and which is also situated in Nettleton Road, priced at R160 million, with no transfer duty payable.

With 180-degree views across Clifton and the ocean, this world-class architectural masterpiece has unique, over-sized, open-plan entertainment areas carefully integrated into the natural environment. With specifications of international standards, the villa is spread over five levels, each accessible by private glass elevator. 

It includes a bespoke Italian Assirelli designer kitchen, level garden with outdoor lounge and dining areas, exceptional views from the spacious entertainment terrace complete with a 16-metre heated infinity pool, four reception rooms, home office, media room, gym, laundry, steam room, three additional guest cloakrooms, staff apartment with two bedrooms, kitchen and bathroom plus a security suite at the entrance – on ground level.

There is 24-hour security, four garages and four off-street parking bays.