[imagesource: RE/MAX Living]

R230 million sounds like a lot of money.

The key is to convert that to pounds (roughly £11,35 million), euros (roughly €12,9 million), or US dollars (around $12,9 million) and all of a sudden it doesn’t seem like such a daunting amount.

The truth of the matter is that it’s highly likely that the owner of The Sky Is The Limit complex, a Clifton seven-bedroom whopper on the market via RE/MAX Living, will be foreign:

SAOTA, one of the world’s leading architectural firms has combined an incredible vision with an ingenious design to create an ultra-modern development with understated elegance, exclusivity and privacy.

Perched against the slopes of Lion’s Head in one of the most sought-after locations in Cape Town, Clifton, is where the magic will transpire. This development consists of only 2 units. The penthouse and the villa.

Both new homes enjoy world class views, great light and are wind protected and are easy walking distance to Cliftons famous beaches as well as to Camps Bay and Table Mountain National Park.

You’ve spotted the catch, right?

Correct, those are not actual photos but rather renditions of what it will look like when it’s completed 18 months from now. Anybody buying this home would not be able to move in until at least 2024.

It’s quite a leap to buy a R230 million property off-plan, even if the penthouse does have 504 square metres of floor space with three “opulent en-suite bedrooms” and “an expansive deck with an infinity pool”.

The villa features four en-suite bedrooms and shares a grand entranceway with the penthouse.

According to Independent Contractor for RE/MAX Living Karryn Cartoulis, who spoke with Business Insider SA, there are three options for potential buyers:

“They can choose to purchase it as one villa, which would then be seven bedrooms for R230 million, or they can choose to make a sectional title.

“This means they would then have the smaller villa with five bedrooms and its own exclusive garden for R115 million,” Cortoulis told Business Insider South Africa.

The third option would be to buy the three-bedroom penthouse for R115 million. Cartoulis said the design ensures that the villa and penthouse don’t get in the way of each other if they are bought separately.

If you’re in for R115 million, you may as well go the full hog and stump up the R230 million.

Even if The Sky Is The Limit goes for full price, and it’s currently the most expensive home on the market, it won’t be the most expensive home ever sold.

That honour belongs to a Bantry Bay home sold in 2016 to a German couple for R290 million.

[sources:re/max&businsider]