Residential Dreams: Buy your o

Image: PamGolding

Residential Dreams: Buy your own private island in the Royal Alfred Marina [video]

Looking for your own private island? The bidding for The Lady Hamilton Island will start at R3.4 million during an auction this March.

Residential Dreams: Buy your o

Image: PamGolding

A private island, located within the prestigious Royal Alfred Marina is going under the hammer on 24 March 2021.

The Pam Golding listing describes the island as “an undiscovered gem” and a “a coastal residential dream waiting to be realised”.

About The Lady Hamilton Island

Yes, the island situated in the Royal Alfred Marina and aptly named The Lady Hamilton Island reportedly boasts incredible potential to the discerning home-buyer looking to build their own private retreat.

“The epitome of coastal tranquillity, it is completely surrounded by the calm tidal canals of this luxurious and upmarket estate. Situated within walking distance of Port Alfred’s East Beach, the Island is accessible by boat. Complete with two private deepwater jetties, a small cottage, tennis court and swimming pool, it also offers a well established tree-filled garden.”

The Royal Alfred Marina, developed 30 years ago, continues to be one of Port Alfred’s most sought-after real estate investments.

“This is a one-of-a-kind lifestyle opportunity. Whether you’re looking for a comfortable retirement, coastal holiday home or peace of mind in a secure environment, the Marina provides you with just that. Suited to those who enjoy waterfront living, recreational activities such as fishing, boating golf or surfing, and beachgoers alike – the Marina is a place of superlative living and exquisite pleasure.”

The island will go on auction with opening bids starting from R3.4 million.

Watch: A coastal residential dream

Living in luxury and tenant-to-homeowner conversions

Pam Golding later told Business Tech that the concept of a ‘luxury’ home has changed somewhat during the lockdown in South Africa, as people increasingly focus on social distancing and open spaces. The group said that buyers are increasingly placing health and generous indoor/outdoor areas for exercise, family activities and workspaces at the top of their priority lists.

Lauren Meyer, properties agent in Port Alfred, said that there has been a notable uptick in luxury homebuying combined with a semigration trend towards the coast.

“We have definitely experienced an uptick in our market post-COVID hard lockdown with 2020 having been one of our most successful years to date. This, we believe, is due to coastal semigration and the manner in which homeowners, buyers and just people alike have been afforded a new perception of their workplaces, lifestyles and the overall cost of living.

“The favourable interest rates at the moment have also driven our sales up significantly within the past year and we have seen a large number of tenant-to-homeowner conversions.”