Property

The luxury estate selling the some of the most expensive properties in South Africa

Kirsten Minnaar • 15 March 2026

Steyn City in Johannesburg is selling some of the most expensive homes in South Africa, with properties going for anywhere between R2.2 million and R60 million.

Located in Midrand, Johannesburg, Steyn City is one of South Africa’s top luxury estates. It features amenities such as a golf course, an equestrian centre, and a helistop.

The estate was first launched in 2015 by the late billionaire businessman, Douw Steyn. It was his biggest investment, attracting R6.5 billion in infrastructure funding.

Along with building Steyn City, this investment also supported infrastructure for the greater region, including roads, water, and sewerage.

Steyn previously explained that the project began with a tract of land that the director of Steyn City Properties, Giuseppe Plumari, first acquired, bordering Dainfern and privately owned land to the north.

“I acquired the remaining portions to make up the current 2,000 acres of the estate,” he said.

“Giuseppe and I share the same vision – to create a lifestyle estate unlike any other in South Africa, built on the foundation of quality of life. A country estate offering country living but with all amenities conveniently within reach.”

He said that too much time is wasted in cities sitting in traffic and commuting between home, work, schools and the shops.

“We want to bring all these elements of daily life into one estate and give residents back the precious commodity of time in a secure, upmarket environment,” he said.

Steyn had a deep-seated commitment to his country of birth and specifically wanted to build this luxury development in South Africa.

“I could have invested in a luxury residence in Europe or in the States, but instead, I chose to invest in South Africa. This is indicative of the confidence I have in our country and the success of Steyn City,” he said.

“Unfortunately, many successful South African business people who built their fortunes here went on to disinvest in the economy. I see things differently.”

“I’ve always wanted to invest further in my country. The spirit of Ubuntu is unique and unparalleled anywhere else in the world I’ve lived or visited.”

Just over a decade after its launch, Steyn City is now regarded as one of the most desirable high-end estate developments in South Africa.

Buying property in Steyn City

Those looking to buy property in Steyn City have to pay a premium. Currently, listing prices start from around R2.2 million for a one-bedroom apartment, and go up to R60 million for a 6-bedroom, 1,833 m² house.

Lightstone reported that, from January to October 2025, Steyn City recorded the highest sale price in Gauteng at R33 million.

Steyn City not only outperformed Gauteng’s other luxury suburbs in terms of its top sale, though. It also achieved the most sales during the period, at 26. Lightstone reported that the average sales price was just over R7.86 million.

The estate’s R33 million property is one of the most expensive houses sold in South Africa, and was only outdone by five other suburbs, primarily in the Western Cape.

These include Bishopscourt (R46 million), Llandudno (R42.5 million), and Wittebome (R42 million). Clifton, in Cape Town, sold the country’s most expensive property at R47 million.

Outside the Western Cape and Gauteng, St Francis Bay Canals in the Eastern Cape sold a property for R37 million.

The table below compares how some of Gauteng’s top suburbs performed from January to October 2025, according to Lightstone.

Area	Suburb	Sales	Average paid	Maximum paid
Midrand	Steyn City	26	R7.86 million	R33 million
Johannesburg	Westcliff	17	R9.79 million	R30 million
Sandton	Inanda	17	R6.92 million	R27 million
Tshwane	Blair Atholl	20	R6.73 million	R22.9 million
Johannesburg	Dunkeld	16	R9.22 million	R18 million