Authors: Staff Writer
24 April 2021
How much it costs to buy a 5-bedroom estate home in Italy, US, and New Zealand vs South Africa
New World Wealth has published its list of the top lifestyle estates around the world, with three South African developments featuring on the list.
The top estates were selected based on their appeal to high-net-worth individual (HNWIs), maintenance, communal areas such as parks, design, location, scenery, security and facilities/activities available which includes gym, tennis, golf, equestrian and lifestyle advantages.
New World Wealth defines millionaires as those with a net worth of $1 million or more. Using this metric, there are approximately 36,500 dollar millionaires living in the country – down by 1,900 from the number recorded in 2020.
Included in South Africa’s millionaire figures are 1,930 multi-millionaires living in South Africa, each with net assets of $10 million or more. In addition, there are five billionaires living in South Africa, each with net assets of $1 billion or more.
The group estimates that over 45% of South African HNWIs either live or have homes on estates.
Below are the top lifestyle estates, and how much it costs to buy a property in each one.
Yellowstone Club in USA – Enclave 2A – $13,950,000 (R200 million)
Val de Vie in South Africa – 5 Bedroom House for Sale in Val De Vie Estate – R19,500,000
Bighorn Golf Estate in USA – 106 Lantana View – $6,750,000 (R96.5 million)
Steyn City in South Africa – 5 Bedroom House for Sale in Steyn City – R22,000,000
Kukio in Hawaii, USA – Kukio 111 – $8,850,000 (R126 million)
Fancourt in South Africa – 5 Bedroom House for Sale in Fancourt – R15,9 million
Jumeirah Golf Estate in the UAE – Modified Valencia with Annexe – 8,500,000 AED (R33.1 million)
Jacks Point in New Zealand – Hidden Island Road, Jacks Point – $18,500,000 (R189 million)
Toscana Castelfalfi in Italy – Homes from € 1,700,000 (R29 million)
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