Four Towers of Ellipse Waterfall (Ellipse Waterfall Handbook)
- A luxury penthouse in Waterfall City sold for R75 million and now holds the title of most expensive in Gauteng.
- According to Ellipse Falls, the property sold last year but is still under construction.
- Completion is expected in October.
- For more stories, visit Tech and Trends Homepage.
A luxury property dubbed Gauteng’s most expensive penthouse has sold for R75m, and is likely to be much more after its completion in October.
The property is still under construction and is located in Ellipse waterfall Development in Waterfall City, Midrand.
The 400 sqm property – developed by Waterfall City owner Attacq and luxury real estate developer Tricolt – features a private rooftop garden, jacuzzi and heated pool.
According to Ellipse Falls, the property, which was sold last year, was still under construction.
Due to undisclosed additions, it will be worth over R75 million when completed.
The project consists of four luxury buildings and a towering glass facade, each named after the famous astronomers Isaac Newton, Johannes Kepler, Giovanni Domenico Cassini and Galileo Galilei.
“Each tower varies in height, Newton has 10 floors, Kepler has 11 floors, Galileo has 12 floors and Cassini has 16 floors. The result is fantastic views from every apartment – whether you look out over Magaliesberg or across the Sandton skyline.
“Pairing together this is innovative interior space design. Each apartment is a celebration of modern architecture with ultra-luxury finishes and spacious interiors for optimizing flow,” said Tricolt CEO Tim Kleock.
Last year during the property show the prices ranged from R1.5m to R14m and the other penthouse went up for R50m.
Units offered include executive suites, executive one-bedroom suites, one- to four-bedroom units, and penthouses.
Recently, the development has opened the Luna Club, which offers a boutique spa, indoor gym, library, meeting room, children’s entertainment, whiskey and cigar lounge and more.
According to the Financial Mail, Ellipse has sold 560 units and collected R2.3 billion in sales.
This is what one of the units that sold for R12.6m looked like last year.
Upstairs balcony area (supplied)
Dining room, living room and balcony with city view (equipped)
A dining room leads to the other two bedrooms. (Business Insider / Phumi Ramalepe)
Cooling area upstairs (supplied)
One of the three bedrooms (Business Insider / Phumi Ramalepe).