Dream living: Sandton penthouse goes to market for R50 million

A penthouse at Michelangelo Towers in Sandown has gone on sale for R48.9 million through Pam Golding Properties.

At R85 500 per square metre, this penthouse is one of the most expensive homes to ever go on sale in the area.

Rupert Finnemore, Pam Golding Properties Hyde Park joint area manager, says the palatial penthouse offers the investor the once-in-a-lifetime opportunity of owning a prime piece of real estate at the most prestigious residential address in Gauteng.

“Michelangelo Towers, which stands some 140 metres above the Sandton skyline, is an iconic Gauteng property development and has become synonymous with an exclusive luxury lifestyle. This beautifully appointed penthouse property sits atop this massive landmark, offering unparalleled views of northern Johannesburg and all the way to the Magaliesberg, and a lifestyle that equals that of any five-star hotel suite in the world.”

Finnemore says the highest price an apartment has fetched in the Sandton city centre is R43 million, which was achieved for a penthouse in 2014. Most of the new residential apartment developments in and around central Sandton are now selling for about R35 000 per square metre and up to R60 000.

The sectional-title penthouse, with its three bedrooms with suite bathrooms, self-contained guest suite and three reception rooms, is about 618sqm in size and include a fitted bar, family room with advanced sound system, 3.5 bathrooms, staff accommodation and lock-up garage with space for about six vehicles.

“The chef’s kitchen is spacious with state-of-the-art fittings and granite tops, while the dining and sitting rooms can be opened up to take advantage of the beautiful views that are on offer. Air-conditioning is provided throughout the apartment and the bedrooms are equipped with under-floor heating to ensure residents remain comfortable through the colder winter months.”

“The building itself is immaculate and offers residents the use of a gym, heated indoor pool and an outdoor pool, sauna/steam room and 24-hour concierge services. As may be imagined, the security of residents is of paramount importance and the latest systems are employed to ensure their safety.”