Record price for Woodbridge Island home

Record price for Woodbridge Island home

This Woodbridge Island home, renovated by Kim Palmer of Palmer Projects, was recently sold for a record R11 million.

A home in Woodbridge Island was recently sold for R11 million – the highest price paid for any home in the sought-after Milnerton security complex. The previous record was R6m, for a slightly smaller beachfront property.

The renovated beachfront home with uninterrupted views, was sold by Francois van Aswegen, of RE/MAX Property Associates Table View Office, who has already sold 23 properties at Woodbridge Island.

Caron Leslie, broker/owner of RE/MAX Property Associates, says the record-breaking sale is testament to the fact that buyers are prepared to pay premium prices for homes that offer security and lifestyle benefits.

Van Aswegen says all properties on the island are sectional title duplex or simplex units, with sizes ranging from about 84m2 to 190m2, excluding garages or outbuildings. Prices vary, starting from about R3.2m for an average entry-level home.

“The area attracts buyers from all walks of life, from young couples, executives, families, retired people and holiday homeowners. However, most of the buyers in Woodbridge pay cash nowadays,” says van Aswegen.

“The island is surrounded by a lagoon and the Atlantic Ocean and is connected to the mainland by a road bridge. The complex attracts buyers looking for a luxurious lifestyle surrounded by picturesque views of Table Mountain and the sea. Access is controlled, providing residents with an exclusive and secure setting where they can enjoy the lifestyle elements the island offers.”

Adrian Goslett, regional director and chief executive of RE/MAX of Southern Africa, says security is a top priority for many buyers in South Africa and is a driving factor behind the growth in popularity of secure developments.

Van Aswegen says that there is a lot for residents to do in and around Woodbridge.

“The lagoon is a popular for canoeing and bird watching and the beach is often frequented by kitesurfing, windsurfing and surfing enthusiasts. Restaurants, shopping centres, boutiques, schools and the Milnerton Golf Course literally are also nearby,” says van Aswegen.

“Woodbridge is also home to the Milnerton Life Saving Club. Young children can join the nippers and many of them then choose to do the life saving course and qualify as lifeguards, a career that gives them access to almost anywhere in the world.”