“Lovely Home”: Man Showcases the Most Expensive Home in Mzansi, Sold for R700 Million, SA Wowed

• A Cape Town mansion made history as the most expensive residential sale in Mzansi, sparking a debate online
• The video shared on Instagram left viewers feeling both inspired and shocked by the sheer scale of the luxury on display
• Social media reactions were divided, with many users using the home as an inspiration, while others debated the practicality of such an investment
• Briefly News spoke with Wandile about property investment and his choice between the mansion and the 700 apartments

A real estate expert profiled the Casablanca Mansion, a property so valuable that its price tag rivals the cost of building a shopping mall.

The clip was shared on TikTok by @king.listing on 20 February, where it gained many comments from viewers who appreciated the creator’s content.

The creator describes the mansion as more than just a home, but rather a private hotel on the ocean. Located in the elite suburb of Camps Bay, the property boasts massive living spaces, ultra-luxury finishes, and gorgeous views of the Atlantic Ocean.

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The R700 million Camps Bay mansion

The realtor, Instagram user @king.listing, shared that the R700 million price tag is equivalent to the cost of building the Maponya Mall back in 2007 (approx. R650 million). He added that the mansion’s price tag could also buy 700 apartments in Johannesburg.

Briefly News reached out to the property expert for a comment. At the time of publishing, he had not responded.

Watch the Instagram reel below:

An expert's choice between the Camps Bay mansion and 700 apartments

We at Briefly News had the pleasure of speaking with property expert Wandile about property investments.

The team asked if he had to choose between the Camps Bay mansion and the 700 apartments, which he would go for and why. Wandile explained:

“From my personal perspective, if I had to choose between purchasing the R700 million Camps Bay mansion or owning 700 apartments in Johannesburg, I would choose the apartments every single time. Billionaire Grant Cardone, who owns over 14,000 apartments, says: ‘Rent where you live and own what you can rent.’ That principle has always resonated with me because it’s ultimately about flexibility, leverage, and cash flow.

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For me, owning 700 apartments creates an income-producing asset base that generates recurring cash flow and long-term leverage with the banks. Instead of having one ultra-luxury property tied to a single location, I would rather own assets that pay me consistently and give me the ability to expand further over time.

Ironically, those same apartments could actually fund the lifestyle associated with the mansion itself. For example, I could use the rental income generated from the portfolio to rent and live in the Casablanca mansion during Cape Town’s peak holiday seasons for a few months each year without carrying the full responsibility and rigidity of owning a R700 million property outright.

I also think this comes down to personality and lifestyle. I’m someone who values mobility, flexibility, and freedom. I enjoy travelling and moving between environments, so personally, I prefer not being tied down to one fixed luxury asset, no matter how impressive it is. That’s why, from an investment standpoint, I believe the apartments offer stronger leverage, scalability, and long-term financial optionality. The mansion is incredible from a lifestyle and prestige perspective, but the portfolio creates freedom.”

SA debates the price of luxury

The clip gained massive engagement, with social media users flooding the comments section to share their thoughts. While many were stunned by the price, a large group of viewers felt motivated by the display of wealth. They said seeing such success inspired them to dream big and work harder toward their own goals. Others, however, expressed concern over the upkeep, wondering how much the rates and taxes cost. One viewer said the 700 properties were a better investment for the R700 million.

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User @jodylody commented:

"Also, the streets in and around Camps Bay are immaculate. Yet, the streets in the real Cape Town are potted, and they are going to wall in everyone poor."

User @yourcapeagent said:

"I appreciate and like your videos, brother. They inspire me🔥."

User @okecatcher shared:

"How do u explain to GOD you bought this while others starve?"

User @craigherbst commented:

"No. Price tag would be a better investment than buying the apartments. And they will make you money. Huge portfolio."

User @briangordon3270 shared:

"A house can be luxurious, palatial, with marble floors and golden toilets, but you can be as miserable in all that luxury if you don't have peace in your heart. My answer to whether it's worth it? Well, what are you carrying within you, because if you have genuine happiness within yourself, you can be happy in a shack too."

User @unclebillbuyhouses said:

"Looks like a lovely home!"

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3 Briefly News articles about properties

• A stunning aerial view of a massive double-storey home in rural KwaZulu-Natal captured the hearts of thousands online.
• A hard-working network marketer inspired thousands of social media users after documenting the multi-year journey of building her dream home in an Eastern Cape village.
• A stunning double-storey village house, built on a massive plot of land, left social media users in complete awe of its size and beauty.

Source: Briefly News