Seller's asking price:
US$ 650,000.00


 
   


Spectacular coastal property for sale...

Located in the heart of Ramsgate on KwaZulu-Natal's South Coast, tucked away in the beautiful valley of the Blue Lagoon, lies this prime piece of real estate. River Valley Estate is almost 3 acres (122,440 square feet or 11,375 square meters) in size and sits on the banks of the Ibilanhlolo river which offers 213 feet (65 m) of river frontage. This impressive property is only a stone's throw away from Ramsgate Beach, one of South Africa’s most prestigious Blue Flag beaches. The river valley itself is filled with lush, tropical vegetation and abundant birdlife. Some remarkable features of the estate include the long driveway lined with palm trees and the beautifully kept garden with magnificent rolling lawns down to the river's edge.

The Buildings
The size of the main house, including the adjoining apartment, is 3,714 square feet (345 square meters). Together there are 4 main bedrooms (1 is an upstairs bedroom), 3.5 bathrooms (2.5 are en-suite), 2 kitchens, 1 kitchenette, 2 dining rooms, 3 livingrooms (1 has a stone built fireplace), 1 study and a children's TV lounge or play area. There are 3 lock-up garages and servants quarters which make up an additional 915 square feet (85 square meters). Parts of the house were contructed with natural stone and the middle section has a thatched roof, giving the home a truly rustic feel. The main dining room has sliding doors which open up onto a tree-shaded porch. This relaxing porch overlooks the large swimming pool and entertainment area with outdoor barbeque facilities.

Development Potential
This gem of a property has tremendous development possibilities. The estate has special residential 1 zoning with approval for multiple unit development. In addition, the surrounding neighbours have also given their approval to develop the property. One can easily build 8 luxury units and 7 smaller units, then convert the main house into a lodge, club house or restaurant. Total units: 17 (including the house which counts as 2). FAR allowed is .3 and coverage allowed is 30% of which only 3% has been used. There is also a topographical plan and the 100 year flood line has been determined.