Stunning Greenpoint Luxury Villa with Sky Roof and Exceptional STR Yields

Live Above, Let Below, or Maximize Your Investment and Let All 5 Bedrooms !

Nestled on the slopes of Signal Hill, this exceptional hybrid home offers the unique opportunity to both live in and generate substantial income through Short-Term Rentals (STR). Designed by the acclaimed architect Bertie Schreuder, the property beautifully integrates the charm of wood and steel beams from the original home with modern finishes, including ceiling-height doors that create a light, airy atmosphere.

The main level features three spacious bedrooms and two bathrooms, flowing seamlessly into the open-plan living area. This entertainer's dream space includes a sleek modular kitchen, a lounge, and a dining area. Large sliding doors lead out to a sunny terrace with a laser-cut awning, offering breathtaking 270-degree views of the Atlantic ocean, harbour, promenade, and Greenpoint Urban Park.

Below the main level is a fully separate, self-contained apartment with two en-suite bedrooms, a kitchen featuring granite surfaces, and a lounge that opens onto a large terrace and a sparkling pool. Currently listed on both Airbnb and other booking platforms, the apartment is rated as Excellent and generates three times the average rental income for the area - between R5 000 and R13 000 per night in season - thanks to its unparalleled views and private plunge pool.
All bookings to date, currently around R500 000, will transfer to the new owner.

With the ability to accommodate up to 10 guests when fully let, this property stands as a rare gem on the Seaboard, offering significant income potential.

The Sky Roof rooftop terrace is truly a standout feature, spanning 220 square metres of manicured greenery. This entertainers' haven includes a tiki bar, braai (barbecue), and jacuzzi, creating an ideal space for both tranquil afternoons and vibrant evening gatherings. Structurally engineered to support an additional level, the rooftop offers exciting future potential-whether for a master suite with a pool, or a clubhouse for guests.

Technologically advanced and fully networked, the home boasts LUX power hybrid inverters with 5kVA Lithium Ion batteries, ultra-fast connectivity, and full home automation with Alexa, Google Home, and Apple Home integration. The property also features CCTV and electric fencing for added convenience and security. Two newly-installed solar geysers ensure an energy-efficient hot water supply with electricity savings of up to 65%, while a double garage and storeroom complete the package.

Conveniently located in Upper Greenpoint, the home is close to several key amenities. The V&A Waterfront is undergoing a R20 billion ($1.1 billion) upgrade over the next 15 years, further enhancing the value of this prime location.
1. V&A Waterfront - A world-class shopping, dining, and entertainment destination with luxury boutiques, restaurants, a marina, and museums. I...

Has Pool
Property Reference #: RL1129

Agent Details:
Janine Catlin
Marion Taylor Properties
Shop 3 Central Parade
Victoria Rd
Camps Bay