The R189m Bishopscourt home that would cost R1.89m a month on a 20-year bond

A Cape Town luxury home listed at R189 million would cost roughly R1.89 million a month on a 20‑year bond, BusinessTech reports. The figure excludes monthly rates and taxes of about R18,315 and if repaid over two decades would see total repayments exceed R452.8 million.

Price places property among South Africa’s priciest listings

According to BusinessTech, the R189 million listing sits in Bishopscourt, a suburb on the eastern slopes of Table Mountain widely regarded as one of Cape Town’s most prestigious residential areas. The publication says the price places the house among the most expensive residential properties currently on the South African market.

What the listing offers

BusinessTech reports the property is a seven‑bedroom, three‑level residence marketed by Pam Golding Properties. The design makes extensive use of floor‑to‑ceiling glass and open‑plan spaces to maximise mountain views.

The ground floor includes a double‑volume entrance, multiple reception areas, a gourmet kitchen with a central island, formal and informal lounges, a dining room and a guest suite. Large sliding glass doors open onto terraces overlooking landscaped gardens and a heated rim‑flow swimming pool.

The upper level contains five en suite bedrooms, including the main suite with mountain views, a private balcony and an outdoor shower. Two further en suite bedrooms are on the lower level, which also includes a spa area with a steam room, Jacuzzi and pedicure area.

Entertainment and leisure facilities listed by BusinessTech include a wine cellar, poker room, cinema, games room, gym, squash court, rooftop terrace and a padel court. The property reportedly has smart home technology, solar panels, an inverter, two boreholes, staff accommodation, a triple garage and comprehensive security systems including a guardhouse and perimeter cameras.

Market context and suburb profile

BusinessTech says Bishopscourt is known for expansive homes, large gardens and tree‑lined streets and has been home to prominent figures. The suburb’s origins are traced in the report to land once owned by Jan van Riebeeck and to a 1851 purchase by the Colonial Bishoprics Fund, which gave the area its current name.

The article cites Archbishop Desmond Tutu as a past resident. It also notes businessman Patrice Motsepe purchased a luxury estate in Bishopscourt for R68 million.

BusinessTech quotes Hamilton’s Property Portfolio to say Bishopscourt consists of just over 300 substantial family homes, a limited supply that has helped support strong price growth even as luxury market activity has slowed.

Seeff Property Group lead agent Francois Venter is quoted by BusinessTech saying sales data for the first quarter shows Bishopscourt property is selling for around R30 million on average, compared with about R11 million in 2020.

How buyers typically acquire such homes

BusinessTech states that properties at this price are typically bought outright or with substantial deposits by ultra‑high‑net‑worth buyers rather than being financed over 20 years.

Listing agent description

“The home blends exceptional proportions with flawless symmetry, creating a residence that truly stands out, while its design integrates beautifully with its surrounding landscape, offering breathtaking views of the majestic mountains beyond,”

Pam Golding Properties, as quoted by BusinessTech.