About this property

Asking R5,500,000 Negotiable Set on desirable Grace Road in Observatory, this exceptional Vila-style residence blends timeless elegance with contemporary living and strong income potential. The main residence is designed for refined family life and entertaining, while five well-appointed self-contained flatlets on the property provide immediate rental income or comfortable accommodation for extended family and staff. This combination makes the property equally attractive as a prestige family home or an investment asset. Main residence — interior living Enter through a gracious foyer into a series of thoughtfully proportioned living spaces that emphasize comfort, flow and natural light. The heart of the home is an expansive open-plan kitchen and informal dining area. The kitchen is finished with modern wooden cabinetry, durable granite countertops, integrated high-end appliances and a cozy breakfast nook that invites casual meals and morning coffee. A generous scullery lies adjacent to the kitchen, offering dedicated prep and cleanup space to keep the main kitchen pristine during entertaining. The home’s formal living spaces include a spacious TV/media room for relaxed family evenings and a separate lounge and dining room designed for effortless entertaining. Large windows, tasteful finishes and a considered layout create rooms that feel both intimate and expansive. Bedrooms and private spaces All four bedrooms are located upstairs, providing a private sleeping wing separated from the main living areas. The master suite is a true retreat: a generous bedroom area, a walk-in closet for organized storage and a stylish ensuite bathroom designed for comfort and function. The additional bedrooms are well-sized and share access to beautifully finished bathrooms. A dedicated office on the main level provides a quiet workspace for professionals working from home or for study. Special features -Wine cellar: a standout amenity capable of housing an extensive collection — a chef’s or connoisseur’s dream and perfect for hosting tastings and events. - High-quality finishes throughout: modern wooden joinery, granite countertops and built-in fittings that balance aesthetics with durability. - Thoughtful circulation and storage solutions, including scullery and walk-in closet space. -Swimming pool Flatlets and income potential Five independent flatlets are located on the grounds, each designed for privacy and practicality. These self-contained units are ideal for rental tenants, staff housing or family members seeking autonomy while remaining close to the main house. Well-maintained flatlets in this area command attractive rents, making the property an immediate revenue-generating opportunity with the potential for strong ROI. The variety of accommodation options increases flexibility for short- or long-term leasing strategies. Outdoor space and parking The property’s grounds support both leisure and functionality. Landscaped garden and pool areas provide private outdoor retreats and create an attractive setting for the main residence and the flatlets. Ample parking is available on-site for residents and guests — an important convenience for multi-unit homes and entertaining. Viewing by appointment only