Estate Living Digital Publication Issue 8 August 2015 | Page 22

Fairmont Zimbali Resort hotel

ESTATE REVIEW

22

Natal coast are incredibly mild and the area is
often referred to as having an eternal summer. A
revered reputation has had a promising effect on
the values of land. Whereas at the beginning of the
development, freehold stands started at just under
R 200 000 and beachfront freehold stands cost
approximately R 500 000, today property prices
speak an entirely different language with stands
now retailing from R 2 million to R 13 million.
Stand sizes vary between 1000m² - 3000m² and a
standalone home today can sell for anything from R 6
million for a three bedroom home to R 45 million for
an oppulent beachfront home boasting six spacious
bedrooms. Sectional title apartments retail from
R 3.7 million to as much as R27 million and the
highest recorded selling price for a home currently
stands at a staggering R 34 million. The incredible
views of the warm Indian Ocean from almost
anywhere on the estate makes this prime real estate

and has resulted in a consistent and steady increase
of between 6-9% per annum in property value and in
order to cater for an even wider range of clientele, the
Zimbali Lakes Resort, which will include a world class
retirement village has been planned right next door
and is expected to launch in 2016.
Whist a number of estate agencies are permitted to
sell and rent property within the resort, the highly
experienced and knowledgeable on-site agents,
Zimbali Estate Agency, powered by Keller Williams
Realty heads up the sales division at the estate and
the on-site sales centre, located at the main gate,
helps simplify the purchase process for prospective
homeowners.
The resort has robust security measures in place
and is one of the many reasons why Zimbali Coastal
Resort was voted the 2nd best residential estate in
the country by New World Wealth and the Best Estate
in Kwazulu Natal. Security is of the highest quality; a
sensory electrified fence traces the perimeter of the
estate as well as rigorous access controls and a number
of appointed guardhouses and continuous patrols.