The three-storey home – which has seven bedrooms, an infinity pool and exquisite 360-degree views of Cape Town – was bought by a German entrepreneur for (290 million rand)£14.5 million.
Dirk Ströer, boss of one of Germany's biggest online and public advertising companies, will use the record purchase as a holiday home for him and his family, his estate agent said.
Mr Ströer, from Cologne, had not planned to spend so much money, nor even buy in Cape Town
, agent Adrien Feinstein said.
‘They were not planning on buying such an expensive property, but they fell in love with it. It has spectacular views and it is a spectacular home,’ said Mr Epstein.The German couple, who have two children, had chanced upon the award-winning home during a visit to friends in Cape Town, settling on a price with the owners last month.
Mr Epstein said that the couple had been looking to buy a property in Ibiza or Saint Tropez‚ but then settled on Cape Town.
‘When you buy a top-end property in locations like Ibiza and Saint-Tropez‚ then R290-million (£14.5m) is average - it is not an extraordinary price‚’ Mr Epstein told South Africa’s Sunday Times.