Property

New luxury development in the Western Cape

Kirsten Minnaar • 14 April 2025

A new luxury property development, Marisol, is being built in Simon’s Town in the Western Cape, with ocean-view homes starting at R6.90 million, offering property investors projected rental yields of up to R85,000 per month.

The project is being developed by Classic Collection and crafted by Bruce Wilson Architects, led by founder Bruce Wilson, and is expected to reach practical completion in Q1 2027.

Marisol is an exclusive new townhouse development located at 3 Thomas Road.

Cape Town-based brokerage Revo Property explained that Marisol emerges as a beacon of luxury living, offering a sophisticated blend of modern design and natural beauty.

It offers 13 premium two- and three-bedroom townhouses, ranging from 217 to 329 square metres in size, with prices ranging from R6.895 million (including VAT) to R12.495 million for a 3-bedroom, 329 m² townhouse.

The exclusive sales launch will take place on Thursday, 24 April 2025, at 12 pm.

The development also offers a unique opportunity for both local and international buyers to invest in a luxury townhouse complex with strong potential for rental income and long-term property appreciation amidst high demand and limited supply in the area.

With its exclusive location, this investment opportunity boasts a capital growth of 8%.

For investors buying to rent, Marisol is projected to bring in a long-term monthly rental of R48,000 to R60,000 and a short-term monthly rental of R50,000 to R85,000.

“Marisol is definitely a strategic investment opportunity for both local and international buyers, with the growing demand for luxury residences in Cape Town, the potential for rental income, and the long-term appreciation of property values in the area,” said Revo Property founder and CEO Emanuel Germanis.

Cape Town has long been a magnet for both local and international buyers seeking a unique blend of lifestyle and investment opportunities.

In fact, Wise Move’s 2025 Migration report found that the Western Cape was, by far, the top destination for interprovincial migration in 2024.

Western Cape boom

Revo explained that the 2025 property market promises continued growth, driven by economic stability and evolving buyer preferences for luxury living.

Over the past year, the Western Cape has seen a surge in buy-to-let purchases, primarily driven by foreign buyers seeking luxury properties to rent to tourists.

According to AirDNA, Cape Town’s Airbnb market has seen consistent year-on-year growth over the past five years, with revenue increasing by approximately 5% annually and occupancy rates also surging each year.

Wesgro also reported a significant rise in international arrivals at Cape Town International Airport each year, further driving demand for high-end rentals.

This trend is reflected in the growing number of luxury properties being rented out as foreign buyers take advantage of South Africa’s relative affordability to invest in premium real estate.

“Investing in property along the Southern Peninsula is considerably more affordable in comparison with coastal cities around the world, where luxury properties in popular destinations like the French Riviera often exceed €1 million (approximately R18 million),” Germanis said.

Revo explained that Marisol offers a prime location and careful design for interested investors.

According to the group, each property is designed to reflect “the serene, sandy hues and relaxed beauty of coastal living”.

With Marisol based in the heart of Simon’s Town’s distinctive coastal community, this historic naval town is filled with charm, from cobbled streets and lively harbour cafes to boutique stores and artisanal markets.

The close proximity to fantastic snorkelling and fishing spots, along with great restaurants and grocery stores, offers luxurious coastal living coupled with convenience.

“Simon’s Town offers excellent value for money, with properties often boasting stunning sea views and a desirable seaside village atmosphere,” Germanis added.

“This contrasts with European markets where similar views and amenities might cost substantially more.”

Located on the scenic South Peninsula of Cape Town, Simon’s Town offers a unique blend of lifestyle benefits, natural beauty, a warmer climate, outdoor activities, and cultural attractions.

The area also has significant investment potential that makes it an attractive destination for property investors compared to other global coastal locations.

“We’ve seen an incredible year-on-year surge in foreigners flocking to South Africa, driving up both property values as well as demand for short-term stay accommodation,” Germanis noted.

“More than ever, international buyers are not just visiting but investing in property here – something we’re seeing mirrored among affluent local buyers as well.”

Each Marisol unit offers an ocean view, with the back of the development boasting mountain views.

Each home also offers spacious living areas, private balconies and covered patios.

Residents can also enjoy other features like integrated Smeg oven, electric hob & extractor, electric fencing, secure access control and CCTV surveillance, high-speed fibre connectivity and a pet-friendly community.

On top of that, optional extras like a fireplace and installation, solar backup power system, engineered oak flooring, air conditioning, and a full suite of Smeg appliances are also available.

Marisol is positioned along the world-class South Peninsula Drive, close to well-known attractions like Boulders Beach and Millers Point, with hidden gems like Smitwinkelbaai nestled on the scenic coastline, situated just before Cape Point Nature Reserve.