A 337-year-old estate in Cape Town’s exclusive Zwaanswyk suburb has set a new regional property record, with the sale of Stillness Manor for nearly $3.2 million, three and a half times the area’s average property price over the past year.
The transaction, managed by Lew Geffen Sotheby’s International Realty, represents the highest sale ever recorded in the suburb and underscores the growing appeal of South Africa’s luxury real estate market among both domestic and international buyers, as seen on Business Insider Africa.
Originally part of one of the Western Cape’s earliest farms dating back to 1688, Stillness Manor is a 14-bedroom Cape Dutch-style estate spanning four acres.
The property includes 10 dwellings with a total floor space of 1,650 square meters and offers amenities comparable to those of a boutique hotel, two outdoor swimming pools, an indoor pool, a tennis court, spa facilities, a grand dining hall that seats up to 20 guests, a wine cellar, and parking for 22 vehicles.
The manor provides panoramic views of False Bay and the Steenberg Golf Estate and was purchased by an international buyer, underscoring the growing global interest in premium heritage properties across Africa.
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“This sale demonstrates that there is still strong appetite for secure, high-end property in the Cape. It resets the pricing benchmark for Zwaanswyk and affirms the suburb’s exclusivity,” Lew Geffen Sotheby’s said in a statement.
The firm noted that the Zwaanswyk market remains highly competitive due to limited supply.
“Combine the dearth of available stock with the fact that more than 40% of current owners have been resident for over 11 years, and it makes for a highly competitive environment,” the agency added, citing data from property analytics firm Lightstone.
According to Lightstone, the average household income in the area exceeds $10,700 per month, reflecting its affluence.
“Buyers at this level are not just purchasing a house. They are acquiring a legacy estate, a piece of Cape history with a profound sense of place and permanence,” Sotheby’s added.
Across Africa, a rising class of ultra-wealthy entrepreneurs and investors is increasingly drawn to properties that combine exclusivity, heritage, and security.
The record-breaking sale of Stillness Manor is the latest signal that the continent’s luxury real estate market is maturing and gaining recognition on the global stage.
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Image Credit: msn
