If you ever drive along Victoria Avenue, winding past Llandudno and down onto Suikerbossie and Hout Bay (the Cape’s crown jewel), you’ll have seen that house above.

Sitting just opposite the turn-off down into Llandudno, I’ve often wondered who owns it, and how much it would cost to call it home.

Well, earlier this week it appeared there was good news for those of you with mountains of cash and a similar affection for the property – it was going up for auction.

Cape Town Etc below:

On June 29, this captivating property will be auctioned off for the third time, starting at a fraction of its valued price.

The spacious villa with a Mediterranean look and feel, offers a total of 4 bedrooms, a family room, lounge, 5 bathrooms, a dining room, a storeroom, 2 fireplaces, 2 garages, 6 parking spaces, break facilities, an indoor and outdoor pool and a magnificent view from Victoria Road.

An idea of that view:

How very luxurious.

The villa is also kitted out security wise and has a impressive bright and airy kitchen with expansive windows.

The property is built on a stand of 2, 281m² and has a matching Mediterranean guest house consisting of 3 bedrooms, 2 bathrooms and a gorgeous open plan lounge and kitchen as well as it’s own splash pool. To add to the property there are also 3 smaller additional cottages that can be utilised according to the new owners needs.

Rawson Auctions were due to handle proceedings, and although they valued the property at R32 million, the bidding was expected to start as low as R9 million.

Maybe that was because the new owners would need to settle outstanding rates and taxes to the tune of R1,2 million.

So why the drama? According to Business Tech, plans have changed:

…on Tuesday morning, Rawson withdrew the property amid a dispute with the owner. Rawson says the company was instructed to auction the property by lawyers representing creditors. However, the owner of the property is disputing the sale.

According to deeds office records, the property was sold in 2007 to Europa Trust.

This is apparently the third time an auction was planned for the same property, in less than two years. The property was advertised to go under the hammer in August 2016, and then again in June 2017.

Given what we see selling for R40 million these days, even R32 million would seem like a somewhat decent price.

We wish we could show you more pictures, but if you search for the property on Property24 you get this:

We don’t know why the auction has been called off, and I guess we won’t get to snoop around inside, either.

That’s a pity, but at least we can step inside Douw Steyn’s palace for a day.

[sources:capetownetc&bustech]