Kalk Bay is the new coastal hot spot for local and foreign buyers who are flocking to this quaint seaside town with properties like this three-bedroom villa in The Majestic, a secure development in the heart of Kalk Bay close to all the shops and restaurants with its own gym, pool and spa. On the market for R17,750,000, this stunning three-story home epitomizes luxurious coastal living, Cape {town} Etc reports.
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Cape Town has always been a renowned global destination for local and foreign buyers. Through the years, areas including the Atlantic Seaboard and Constantia have enjoyed the limelight. Recently however, locations on the False Bay coastline have began to capture the attention of investors, as a result of the scenic beauty and affordability on offer.
Kalk Bay is also hidden amongst the many hidden gems found on this coastline and the area was voted by Forbes as one of the coolest neighbourhoods in the world.
The recent spike in popularity is clearly evidenced by Lightstone data which shows that house and sectional title prices have jumped by 68% and 31.8% respectively, from R4.762 million in 2023 to R8m and from R4.55m to R6m, in 2024.
According to Paula Giusti and Jonathan Alexander, Area Specialists for Lew Geffen Sotheby’s International Realty, properties are also in short supply, especially those in the entry and mid-level price bands, with well-priced homes being snapped up soon after they come onto the market.
‘Lack of available stock is a factor which drives up prices in the area and this is not likely to improve any time soon as a growing number of buyers seeking coastal living in Cape Town are realising that this coastal strip offers excellent value compared to other areas like the Atlantic Seaboard. It used to be that the majority of buyers here were locals looking to move closer to the beach or retire, however, this is no longer the case as Kalk Bay has become very popular with upcountry buyers and has also started to attract the attention of foreign investors’ commented the duo.
The property that is currently attracting the attention of foreign buyers is a stunning three-bedroom villa in The Majestic, an exceptionally well-maintained secure development in the heart of Kalk Bay close to all the shops and restaurants with its own gym, pool and spa.
‘One of only four villas in the complex, it’s set back from main road so whilst it’s conveniently centrally located, it’s still very peaceful with ocean views from the bedrooms.’
The duo further claims that many of the family-sized homes within the Kalk Bay village are renovated houses which were bought from retirees who downsized. Most of these buyers are empty nesters who relocate to Kalk Bay it is offers a tranquil and quality ocean lifestyle, where they can walk to good restaurants, tidal pools and quirky shops.
Properties in the area are often rented out by foreigners during periods when they themselves are not making use of the house, as the rental market in the area is sturdy.
Kalk Bay has its own very unique character. In one way it has a very European feel with its cobbled roads and trendy onsite shops, cafes and restaurants yet with a distinctive local influence and it therefore has a very eclectic demographic which adds to its considerable charm.
There are few places where outdoor lovers are as spoilt for choice. Along the oceanfront they can enjoy seaboard walks, water sports and an invigorating dip in the tidal pools or sea, and the mountains above Boyes Drive have several marked walking trails along which hikers can enjoy a profusion of bird life and indigenous vegetation and spectacular sea views.