Step Inside a Masterpiece Inspired by SBE ARCHITECTS in Waterfall Country Estate

[@juniorbinox231]

She's a real one for showing us the garages🤧

[@LuxuryHomesJohannesburg]

Knew you’d like that one!🤩

[@tshepomoletsane9764]

Wow definitely a 2024 LuxLiv House of the Year contender. Truly magnificent

[@LuxuryHomesJohannesburg]

Definitely a TOP-2024 contender indeed 🤗

[@Exampapers_]

😅😅 I’ve been Checking all day for this video 😄😄 hey those SBE architects not playing.. nice one Xavier and Marussia ❤ such a beautiful house everything is so perfect

[@LuxuryHomesJohannesburg]

That’s nice of you to wait so long - next time, pls note that I rarely drop them early in the afternoon. Check late afternoon/evenings rather. Or set notifications on of course 😎 Awesome to hear the wait was worth it!

[@mayormsuthu1465]

Lovely,great walk through well done. Wow this is a real meaning of heavens on earth👌 wonderful.

[@LuxuryHomesJohannesburg]

Well, thank you! Glad you liked it. Any chance you’ve forwarded this link to someone you know who might like it as well😎

[@mayormsuthu1465]

@@LuxuryHomesJohannesburg well I more than liked it I loved it.

[@LuxuryHomesJohannesburg]

@mayormsuthu1465 MISSION ACCOMPLISHED then 😎

[@thabokgoroba]

My favorite house ever, I know I say this in many houses , but this one is the one for me The best

[@LuxuryHomesJohannesburg]

You’re funny, Thabo! Wait till you see what I have lined up next. Time to change your mind again 🤣 In all seriousness, this is in my personal TOP-3 of all-time…

[@TottiB72]

Your were correct. This is a stunning Home. Well used combination of discret Tones. Love the Bathrooms. The Pool seems a little bit to small within the huge background. But who cares? Good Job Xavier ❤

[@LuxuryHomesJohannesburg]

Awesome to hear you enjoyed it!! Very fair point - pools are always an interesting element to added to the mix. Some don’t want one; others must have one. Guess they wanted to have something in between?🤔

[@ShadreckPaulo-du1eg]

My favourite humble beautiful presenter Marussia, what a amazing house, breath taking. The kitchen 100%,l would have added a study room next to the garage but I am totally impressed with the house Thanks once again

[@LuxuryHomesJohannesburg]

100%, Shadreck! Thx for taking the time to watch 🤗

[@SakiRaulinga]

What a house everything well thought of, the furniture and the house plan out of this world, well done SBE

[@LuxuryHomesJohannesburg]

100% agree, Saki 😎

[@carolinemaruping3728]

Stunning stunning stunning!!! beautiful house, thank you Marussia and Xavier ❤

[@LuxuryHomesJohannesburg]

Truly is, Caroline! One of your fave?

[@Central_material]

If heaven was a house this would be it !!!! Spectacular great work🤝🥰

[@LuxuryHomesJohannesburg]

Truly stunning indeed! Let’s see if I can line up another similar one for you 😎

[@ZNCreative123]

This house is beautiful, I absolutely love it. thank you guys for the perfect presentation of this house.

[@LuxuryHomesJohannesburg]

Awesome to hear! 🤗

[@kevinndubise6709]

Great home very functional

[@LuxuryHomesJohannesburg]

100%, Kevinn 😎

[@blessingnyathi3751]

This could be the best property that has been showcased in this channel thus far. Stunning house and more importantly great video

[@LuxuryHomesJohannesburg]

You think so, Blessing?! Think I should do more of these?! 🤔 It’s definitely in my personal TOP-3 EVER.

[@blessingnyathi3751]

@@LuxuryHomesJohannesburg from you guys have showcased until now l don’t think there’s anything better than this. SBE architects created a masterpiece Attention to detail is unmatched l wonder what is the price tag if it was on the market

[@LuxuryHomesJohannesburg]

@blessingnyathi3751 I think you might be right there! Pls DM me on Instagram @LuxuryHomesJohannesburg

[@mosestekper7659]

Wow. An amazing house. Best I've seen on this channel.

[@LuxuryHomesJohannesburg]

I’d agree with you there, Moses. It’s a VERY impressive home 😎

[@neomokoma5557]

Wow gorgeous stunning love it

[@LuxuryHomesJohannesburg]

Thanks so much 😊

[@luckyrankudu7608]

Perfection, not even a single dull moment on this tour, absolute stunner, you gotta love SBE for creating this masterpiece .. Thanks X and Marussia for this wonderful tour❤

[@LuxuryHomesJohannesburg]

YAY YAY YAY, Lucky! Let me try & find more of these then 😎

[@RobertMapeta-d9c]

A masterpiece.........breathtaking

[@anthonylew183]

Ahhh, just the track intro was🔥 . The house is stunning in all it's splendor & I especially luv the no backyard neighbors...Privacy Privacy Privacy.

[@LuxuryHomesJohannesburg]

100%!! I’m trying to find new tracks so you’re always welcome to send ideas my way 🤗

[@minnieweaver]

Ooo I LOVE❤❤❤THIS BIG BEAUTIFUL HOME SO UNIQUE OUTSTANDING GORGEOUS AND LET ME NOT FORGET STUNNING😊👏👏👏THANKS MARUSSIA & XAVIER GOOD JOB

[@LuxuryHomesJohannesburg]

Exactly my thinking! Let’s not forget STUNNING indeed or you’d hurt my feelings there, Minnie 🥰

[@minnieweaver]

@@LuxuryHomesJohannesburg Lol😀😀

[@LuxuryHomesJohannesburg]

🤗🤗

[@palesamatabane3138]

Beautiful home. Love the fresh clean lines. ❤ Awesome tour once again by our favorite duo. Thank you guys.

[@LuxuryHomesJohannesburg]

YAY, Palesa! Glad you enjoyed it - where does it now rank vs other tours you've seen on this channel?

[@lloydkhambule]

What a lovely home. Mr. X and the team you've out some yourselves.

[@LuxuryHomesJohannesburg]

Awesome to hear, Lloyd!

[@SiwaphiweBusa-qc9nj]

Xavier you outdone yourself. This is the best presentation ever. I have no complaints chief.

[@LuxuryHomesJohannesburg]

Well, thank you, Siwaphiwe! It helps to have a property like this SBE masterpiece + Marussia doing the tour...

[@superbookhums2139]

Awu Kodwa baf2 ... I just need a cheque HAWEMAH😎

[@LuxuryHomesJohannesburg]

That makes two of us 🤣

[@zethumajeke7508]

Beautifully done love the fact that it's on the green belt you get to have your own privacy. It also looks very cosy

[@LuxuryHomesJohannesburg]

100% agree!

[@oram9112]

This home is the epitome of perfection, dream home to raise a young family wow. SBE architecture is flawless standing ovation for them wow. Lol the fish and chips humor Marrussia you are delightful and Xavier too. Thanks guys

[@LuxuryHomesJohannesburg]

Truly truly is magnificent! I wasn’t kidding on my Community Post yesterday when it said it was just wow! “Fish & chips humour”? Is that we do when we tour houses? 🤣

[@oram9112]

It truly is spectacular, lol no when Marrussia was in the second kitchen she said that's where you prepare the fish and chips.

[@oram9112]

You are awesome man, michellin work

[@LuxuryHomesJohannesburg]

@oram9112 Oooh yes! 🤣

[@khumowealth]

My heart always jumps with joy whenever I watch your videos, don't know what that means, but I love it❤

[@LuxuryHomesJohannesburg]

I was going to say - that’s a good sign, no?! 🤗🤗 You’re very welcome.

[@RendaniTshivhase]

Heavenly living this is one of the best house ever, enough space garage study cinema room n entertainment room also bedrooms wow. Speechless 🥰

[@LuxuryHomesJohannesburg]

Truly amazing indeed 🥰

[@ltm454]

Stunning house, stunning Marussia, and stunning Mr X. Am out of words ❤❤❤

[@LuxuryHomesJohannesburg]

Mission accomplished, I’d say then 🤗

[@magosimmahlase6478]

Beautiful Master peace,#sbearchitectures. The best architectural company in the entire South Africa.❤❤❤❤❤

[@LuxuryHomesJohannesburg]

100%, Magosi 🤗

[@BeyondLines-l4j]

Mr Xavier god bless you love to see how you've grown!!! Amazing work indeed!!! Great house

[@LuxuryHomesJohannesburg]

Thanks for saying those kind words 🤗

[@leboneo3247]

SBE designs always amazing and ❤️ the luxury

[@LuxuryHomesJohannesburg]

Yes they do

[@enolan6962]

Mind boggling Design?????? YOU NEED A GPS NOT TO GET LOST INSIDE???? ABSOLUTELY BEAUTIFUL ❤❤❤❤❤❤

[@LuxuryHomesJohannesburg]

Stunning SBE design indeed! It’s big but not THAT big…try this one I did quite some time back: kzbin.info/www/bejne/omilfaVrr7yDqpYsi=AvdLih8F7PxWWyQv

[@tt.k1794]

Theme sone goes very well with this beauty. ❤

[@LuxuryHomesJohannesburg]

Cheers!

[@libertymtungwa6075]

100/10 stunning 😍 home

[@LuxuryHomesJohannesburg]

Truly is 🤩

[@mphotshabangu1783]

Waterfall country estate has the most beautiful homes 🎉🎉🎉🎉

[@LuxuryHomesJohannesburg]

Very much so 🤗

[@SiphosenkosiChagi]

This is the most beautiful luxury home ❤❤🎉

[@LuxuryHomesJohannesburg]

Truly stunning indeed!!

[@zaneleradebe2808]

Absolutely everything about this home is on point ❤

[@LuxuryHomesJohannesburg]

Thought so as well, Zanele 🤗

[@tshepimadi6691]

The quality of your work is just as beautiful as the houses you shoot. Well done!😁💐💐

[@LuxuryHomesJohannesburg]

Awesome to hear, Tshepi! I’m trying. I can’t wait to shoot with my new professional camera instead of my old iPhone 🤓

[@braightongumbo4372]

This is the best of all❤

[@LuxuryHomesJohannesburg]

One of my personal fave as well!

[@mxobhungane143]

Wow, it looks so stunning. I'm prepared to move in very soon

[@LuxuryHomesJohannesburg]

Same here🤣

[@jeppiengonyamah354]

Beautiful is the word!!♥♥♥♥♥♥

[@LuxuryHomesJohannesburg]

It really is!

[@nyangau8740]

Thanks for showing the outside entrance and parking

[@LuxuryHomesJohannesburg]

You bet! You ask - I TRY to deliver 🤣

[@thembaenterprise9290]

This house is beautiful

[@LuxuryHomesJohannesburg]

Verrrrrry much so!

[@NokwandaHlakanyane]

❤❤wow is really a masterpiece ❤❤

[@LuxuryHomesJohannesburg]

100%, Nokwanda 🥰

[@dumisanimasilela2673]

Wow this is beautiful.

[@LuxuryHomesJohannesburg]

Truly beautiful, Dumisani 🤩

[@sallynandwa1947]

I love this house ❤

[@LuxuryHomesJohannesburg]

Love is in the air, Sally 🥰

[@nonochineka6125]

Nice home

[@LuxuryHomesJohannesburg]

Stunning one indeeeeeed!!

[@SirGG187]

Man, this year, you aren't messing about. 😆 This is definitely on my top 3 👌 Xavier, don't you sometimes feel like you could spend a night or two in these magnificent homes that you film? 🤔

[@LuxuryHomesJohannesburg]

Likewise - in my Top-3 as well! I’m hoping that all the time but it doesn’t go any further than a glass of wine (oops that sounded bad) LOL Speaking of which - here’s one I’m hoping to do exactly that: instagram.com/p/C4-S5fGsoZ6/?igsh=emlpM3BiNzZsNzkx so 🤞🤞

[@SirGG187]

@LuxuryHomesJohannesburg yeah, I saw it on your IG. I was in complete awe 🙏. Almost commented,'WHALE', but the asking price humbled me 🙂 I am sure that can be arranged. Seeing as most of these homes on show are usually vacant. I don't see why not 🤷🏽‍♂️

[@LuxuryHomesJohannesburg]

Well, it shouldn’t stop us from dreaming, right?! Always an issue of cost though - who pays for the flight, airport car shuttle, overnight stay etc. Assuming I do for free…🤔

[@SirGG187]

@@LuxuryHomesJohannesburg if my pockets were deep enough, I would cover all these cost for you. 🤞

[@LuxuryHomesJohannesburg]

@SirGG187 That’s very nice of you to say! I’d ask you to sponsor me all over SA if I were to follow all the requests to do tours!! I recon if the agent can fetch/bring me to airport and I spend the night at the house I’m left with about a R2k RT fight. That’d be the only cost if I give my time for free 🤔

[@constancemlaba4889]

Lovely and spacious main bedroom

[@LuxuryHomesJohannesburg]

One of THE biggest main bedroom suites I've ever seen...

[@ngobenimsesenyaneplatius9862]

You're a fabulous team, you didn't spare any details, you chose the perfect time to film it, it's amazing how the house looked just when dusk began

[@LuxuryHomesJohannesburg]

Glad to hear you liked it! It still amazes me doing these video tours hope the house completely changes once the sun sets🤗

[@kennyleyland433]

My notifications failed me last night. SBE signature ques in this truly amazing home. the colour palates , space and privacy , the staircase. Thank you for bring this home alive Xavier. one to watch over and over again.

[@LuxuryHomesJohannesburg]

No human error involved there, Kenny? LOL SBE is just at another level. Period. Fingers crossed I manage to get into a few other ones of theirs that I'm trying to line up...

[@kennyleyland433]

@@LuxuryHomesJohannesburg Brilliant

[@LuxuryHomesJohannesburg]

Indeeeeed 🤞

[@beatriceowusuachaw6210]

HOUSE IS GORGEOUS

[@LuxuryHomesJohannesburg]

Very gorgeous indeed!

[@thetruthchannel893]

Stunning stunning

[@LuxuryHomesJohannesburg]

It really is!

[@doc_zithu]

Extremely Beautiful 💓💕🙏

[@LuxuryHomesJohannesburg]

Thought so as well 😎

[@guguqueen15]

This house is so beautiful 😢 😍

[@LuxuryHomesJohannesburg]

Truly a beauty indeed 🥰

[@KatlegoMaboe7]

Beyond stunning

[@LuxuryHomesJohannesburg]

Really is, Katlego 🤩

[@SbindaHoldings-qp5eh]

This is the dream house i have been looking for to build within 5 years 🎉

[@LuxuryHomesJohannesburg]

Fingers crossed, Sbinda 🤞

[@kabelomaboa]

Amazing house.

[@LuxuryHomesJohannesburg]

One of my personal fave as well 😍

[@The-Art-of-Luv-4-Africa]

Stunning!

[@LuxuryHomesJohannesburg]

Truly is, Art 🥰

[@katlegomaboe7180]

The moment I saw the BMW in the garage I knew this house was definitely mine 👏great tour as always one of the best houses in the channel so far thank you Xavier

[@LuxuryHomesJohannesburg]

Hear hear, Katlego! You saying if the Beemer wasn't in there, you'd have a different impression of this house? LOL In all seriousness, this SBE masterpiece truly is at another level!

[@KaraboRonaldo]

Is so gorgeous ❤️ lovely i love this one.... How much is it

[@LuxuryHomesJohannesburg]

Asking price R29,999,000

[@buntuz8971]

This is the one 👌

[@LuxuryHomesJohannesburg]

Yesssss!! Stunning, isn't it?!

[@naouifares7052]

Thank you to shere this vidéo

[@LuxuryHomesJohannesburg]

You bet! Hope you enjoyed it!

[@AnkelMalume]

I only have 3 letters WOW!!! What in the heavens of earth did I just watched WOW!!! the house is perfect and it is worth that 30M truly impressive

[@LuxuryHomesJohannesburg]

Thx for sharing your enthusiasm with us! Very very glad to hear you enjoyed this video tour 🤗

[@SaneleMalakoana]

Love it

[@LuxuryHomesJohannesburg]

Likewise!!

[@matiasmambunhe6327]

Love Home

[@Nyati-Bull]

Very unique garden, very different from the norm😮

[@LuxuryHomesJohannesburg]

One with nature, I’d say! 😎

[@omowale07]

Great one.

[@LuxuryHomesJohannesburg]

Cheers! Glad to hear. One of my personal fave...

[@oliviajordaan4155]

❤. Main bathroom and bedroom.

[@oliviajordaan4155]

Love privacy

[@LuxuryHomesJohannesburg]

Very much so, Olivia 🤗

[@LuxuryHomesJohannesburg]

Yessss🥰

[@kentsegp]

Wow ❤ ❤❤

[@LuxuryHomesJohannesburg]

Truly is wow 😍

[@constancemlaba4889]

The view is amazing

[@LuxuryHomesJohannesburg]

Stunning nature / greenbelt setup 🤩

[@redinza]

I was so wrong!.This is a fantastic house. The house is stunning. II think you would need to offer over 30,000,00 plus another .10 mill for the furniture Also big plus for both you and M .. you have done one of the best walk throughs ever.There be nothing you did not cover.Superb ❤❤❤❤❤❤❤❤❤❤❤❤❤

[@LuxuryHomesJohannesburg]

Thank you, Richard! It’s one of my fave as well. Truly stunning home🥰 I know & respect your insight as you’re quite educated on what’s happening. Love your thinking wrt $$ but perhaps somewhat bullish 🤗

[@redinza]

Thank you if it has one fault is that it not North facing but I do not care. I think I would add a motor to the garden gate! If they wanted to sell it would move to the top of the list of my houses to buy if I had the money,and wanted to live in Gauteng , but 💰💰💰💰💰 I would rather buy in Western Cape

[@LuxuryHomesJohannesburg]

@redinza 100%, Richard 😎

[@Xhantimpakama-fc5ol]

Amazing 👌❤❤

[@LuxuryHomesJohannesburg]

Verrrrry much so 🥰

[@Ur_favamy]

Praying this Chanel hits a 100k

[@LuxuryHomesJohannesburg]

Well, thank you, Amy! Much appreciate you saying those kind words. It’ll likely be in October somewhere given my current growth. This isn’t a channel that’ll explode overnight to 100k. It’s a steady climb post per post per post 🥰

[@isaackgafela4689]

I think I'm in love ❤️ 😍. Exquisite design and awesome video Xavier and Marussia. What's the price on this extraordinary home?

[@LuxuryHomesJohannesburg]

Mission accomplished 😎 It is not on the market but for the right price, I’m sure we can talk to the owners. Contact Marussia @ [phone]

[@beatriceowusuachaw6210]

ITS GORGEOUS EI

[@LuxuryHomesJohannesburg]

One of my personal fave homes...

[@LentswenyanaMokone]

Wow that is all I can say 😮😮😮❤❤

[@LuxuryHomesJohannesburg]

Wow wow wow indeed, my friend 🤗

[@lindaniblackmogul6643]

I wonder what do the owners do 😢 this is marvelous ❤❤❤

[@LuxuryHomesJohannesburg]

Fair question. Wish I knew the answer 🤔

[@JanneSuonvieri-gh8hr]

Thanks for a great video once again! Due to the long holiday break, I have time to comment in a bit more depth. A few comments: 6:01 There is no extractor fan in the show kitchen? Personally, I would imagine it's where guests are shown the most spectacular parts of cooking. For example, flaming the food. It's easy to leave traces of grease and smoke on the light-coloured ceiling. 6:27 The vending machine is located in the walkway. This is poor design. It would have found an easily oriented location in the day kitchen. 6:30 An electrical cabinet or similar technical box. It is good to have easy access to technology, but this box is an eye-catcher. Perhaps a suitable cabinet on top would be a good option. The wires and their penetrations are left exposed. In such a fine mansion, such details should be hidden. This could be easily done. 11:20 Ceiling ramps. In this room - as in several rooms later - ceiling ramps have been used to great effect. But they have not been used to their full potential. Among other things, it would be clever to place the ventilation valves in the ceiling ramps. The same applies to all rooms where ceiling ramps have been used. Where is the wine cellar or wine cabinet? A pool table that is too small is, in my opinion, an unnecessary waste of space. Better to use the space for a nice table and a few stools. But I understand why people want a small pool table. 17:00 Main bedroom. Personally, I'm not a fan of walking straight from the hallway to the dressing room. Fortunately, the doorway is slightly screened. Otherwise, the main bedroom and dressing room are quite presentable. Maybe I would need a fireplace of some sort to create some atmosphere - at least on the balcony. 18:15 Main bathroom. The use of space is a challenge. In fact, placing the sinks on opposite walls in such a narrow space is a poor solution. Reminds me of the "train apartments" in Manhattan. If you have two adults in there at the same time, looking at their faces and pinching their pimples, inevitably their butts will bump into each other. And through the mirrors you can see directly what the other is doing. Maybe, however, placing the sinks on one wall would be a better option. This would allow a comfortable chair and a small table to be placed in the same space. The mirrors need a delicate cover strip around them. The LED strip is visible from the side, creating a cheap feel. As if it were a bathroom for a game streamer. Otherwise, the bathroom and toilet are spectacular and functional. The outdoor shower is the crowning glory. 21:39 Same thing: the LED strip is visible. The subtle cover strip makes up for it and adds a touch of class. In the same space, the microwave is an eye-catcher. Maybe a smaller microwave placed in a slightly different location would work better? All in all: quite a good looking ensemble. Stylish and in many places seems practical. A guaranteed safe showroom overall. The owners can be proud for good reason. And another excellent job by the Luxury Homes Johannesburg team. A little noise here and there in the image (high ISO?) but good quality. I understand that some people might get dizzy when moving the camera even back, but personally I like it. Thanks again for the video and the new ideas!

[@LuxuryHomesJohannesburg]

Thank you for taking the time to comment. It's officially THE longest and detailed comment I have EVER received, so THANK you 😎 I wish I could address all your design / architectural points in detail, but vast majority are beyond my knowledge scope, as I wouldn't be able to respond to them! Sorry! Regarding your camera comment: I'm still using my old iPhone 11, so I'm aware it's oftentimes grainy (especially in lower light conditions), but with my new professional camera, which will be operational soon (I'm still practicing and don't quite dare taking it to these video tours just yet), I hope to have solved that problem once and for all!! Thanks again for your continued support!!

[@tshimollompye3396]

A heavy contender for the R25 million Copperleaf property from a few years back. ❤❤❤

[@LuxuryHomesJohannesburg]

100%, Tshimollo. I didn't want to bring up that property whilst we were touring this one, but you can see its similarities. And you'll have an idea of its price as well then!

[@bms_888]

This channel makes it hard for me to pick a house cause every week i have a new favourite house 😂❤

[@LuxuryHomesJohannesburg]

LOL you telling me I need to start putting up the ugly ones for a while so you can be content with your choice for a few weeks? 🤣

[@giddy1342]

This is beautiful man...

[@LuxuryHomesJohannesburg]

Truly stunning indeed!

[@yessir3885]

i love my house so much ,it really is so stunning all the glory goes to God hey

[@LuxuryHomesJohannesburg]

It really is!

[@tebogo_motsau]

Can i ask all the videos you make of those houses. Are you selling them because im planning on buying one of this channel's houses one day when i grow up ??

[@LuxuryHomesJohannesburg]

Thanks for stopping by. 99% of video tours posted here are properties for sale.

[@Lebo-Aaliyah]

LOVE😍🤲

[@LuxuryHomesJohannesburg]

Likewise 😍

[@BonganiShabangu-y9k]

Is it true that the entire land in Waterfall is owned by 1 family? Nice house btw.

[@LuxuryHomesJohannesburg]

Here’s are the details for your perusal: The Long Term Lease - Waterfall Country and Village Estate
(info from the Waterfall Management Company and website) Applicable in the Waterfall Country Estate & Village General The company called the Waterfall Country Estate WMC (Proprietary) Limited owns the land on which the Waterfall Country Lifestyle Estate & Village reside. For residents on the new estates, the ownership structure is based on a long term lease rather than full title, sectional title or fractional title etc. Purchasers are thus buying limited right to the land and have the right to occupy the stand as per the lease agreement for the period prescribed in the agreement (ie. 99 years) and in perpetuity to extend the lease term. Although not a common form of asset ownership in South Africa until now, the long term lease is a viable and proven form of residential property ownership used throughout the world. Nature and effect The lease agreement is signed for a specified amount (ie. lease consideration) which is a once off payment from the lessee to the lessor for the right to occupy the land as per the agreement for a term of 99 years from the date of registration with the option to renew or extend the lease. The lease is registered (in the office of the Registrar of Deeds in Pretoria) in the form of a notarial deed against the title of ownership by the lessor (the person letting the property) in favour of the lessee (the person to whom the property is let). This awards a great deal of protection for the lessee because he/she is ensured of a legal entitlement to enforce his undisturbed right of use and enjoyment over the property within the rules and regulations set by the home owners association. Should the lease consideration payable to the lessor be financed, it can be done through a financial institution of the lessee’s choice. To ensure the rights of the bank (as they are initially funding your purchase), as well as it’s clients, are protected, Waterfall consulted with the bank panel of South Africa and negotiated various conditions contained in the agreement. Any permanent improvements to the land form part of the land and thus the lease agreement. What happens when you want to sell the property? Like any asset, it can be exchanged for compensation. In this case, like any form of property, it’s dictated by market value or what someone is prepared to pay for it on any given day. Whether with the assistance of an agent or privately done, once a price is negotiated (including the renewal fee of 3.5%) and paid to the seller, the purchaser (new lessee) takes registration of a new 99 year lease. On that transfer, the 3.5% plus VAT, plus 1%, is paid to the Lessor, being the Waterfall Country Estate WMC (Proprietary) Limited. The benefit of this arrangement is that transfer duty (between 5% & 8% as of 2010) is not applicable to the deal and thus allows a more favourable purchase price to be negotiated by both parties. The extension of the lease period and the cession of the lease rights are registered simultaneously in the deeds office. Like the transfer of a freehold property, the seller is required to settle all outstanding, levies, rates, taxes and municipal charges relating to the leased property A benefit of this arrangement is that transfer duties are not applicable to the deal and thus allows a more favourable purchase price to be negotiated by both parties. Furthermore, generally the transaction time from signature of the sale agreement to registration in the deeds office is much quicker than in the case of a freehold or sectional title property. Hypothetical Scenarios *Should the lessee sell the leasehold rights earlier than 3 years after the first registration of the lease agreement, the purchaser of the leasehold rights will not pay the renewal fee and will retain the balance of years remaining on the agreement? Example: I sell my property 2 years after the first registration; the buyer will not have to pay the 3.5% renewal fee and will be entitled to the remaining 97 years on the lease. *Should the lessee leasehold rights after that initial 3 year period, the purchaser will take ownership of a 99 year lease. Example: I sell my property after 10 years, I will negotiate the selling price with the buyer to include the 3.5% renewal fee. The buyer will take ownership of the leasehold rights for a 99 year period. *Should the leasehold rights be disposed of pursuant to a testamentary bequest ie. A will, the heir will take ownership of the leasehold rights without having to pay the renewal fee and will retain the balance of years remaining on the agreement. Example: I pass away after 30 years and the property is passed down to my son as per my will. He will not have to pay the 3.5% renewal fee and will be entitled to the remaining 69 years on the lease. *The leasehold rights can be sold at any stage in the 99 year period but if the 99 year period comes to an end, the entity owning the leasehold rights will have to renew the lease by paying 3.5% of the fair value of the property and will be entitled to a lease for another 99 years. Example: I buy the leasehold rights in my family trust, after the property has been handed down through, let’s say 3 generations, my great grandson owns the leasehold rights in 99 years time. He will have to renew the lease agreement with the lessor by paying 3.5% of the fair value of the property at the time and again extend the lease to another 99 years. *No renewal fee is payable if the leasehold rights are transferred to a spouse in terms of an order of court in divorce proceedings. Example: I purchase the leasehold rights and live comfortably with my wife in the property for 10 years. We divorce and the court rules that the leasehold rights are to be transferred to my wife. The leasehold rights are transferred to her name without the 3.5% renewal fee being payable, she will be entitled to the remaining 89 years on the lease. WATERFALL RESALE INFO INFO ON NEW BUILD Commencement is the date you are issued with the construction commencement certificate, which is given once you have complied with all site establishment requirements in terms of the contractors agreement. From the date of this certificate, the owner then has 24 months to complete the construction. Completion will be deemed once he provides the COJ occupation certificate as well as the HOA aesthetics completion certificate. The completion certificate will be issued provided the house has been built in accordance with the approved plans that was stamped by HOA and COJ. If there are deviations, the certificate will not be issued. If the certificate is not in possession by the end of the 24 month construction period, then penalties will apply from 25th month until completed i.e. certificates are produced. TO REGISTER A NEW BUILDING IN WATERFALL The owner who has completed the building needs the following documents: NHBRC unit enrolment certificate NHBRC builders registration certificate Occupational certificate Engineering certificate Roofing certificate Glazing certificate Gas compliance certificate Electrical compliance certificate Plumbing certificate ON RE-SALE COSTS FOR SELLER Legal costs - approximately R12-15’000 Cancellation bond costs - none if the seller cancels existing bond 3 months in advance Due to Waterfall Management company: 3% plus VAT - amount due to you Extension Consideration (3.0% plus VAT on selling price) payable to the Landowner in terms of the Standard Lease Conditions 0.5% no VAT - By amount due to you 0.5% Extension Consideration payable by Lessee to the Waterfall Fund Trust in terms of the Standard Lease Conditions Agent’s commission - 5% plus VAT, of which the agent pays 1% plus VAT to Waterfall Management Company as accreditation fee Extension fee - legal, R4’500 plus VAT Deeds office registration fee, R305 Rates recon fee, R400 plus VAT Rates and taxes, paid up Levies, paid up Electrical and gas compliance certificates for own account - approximately R1’500 each, unless repairs or work is needed Before the sale goes through - the Seller must obtain COJ statement and Eskom accounts and provide to the transferring attorneys COSTS FOR PURCHASER Legal costs based on tariff, approximately 0.1% of selling price Bond costs - if getting a bond Once the transfer is done, the purchaser is loaded on Trafalgar and SiMs Trafalgar will send the Purchaser a ‘welcome pack’ The Purchaser must register and get access onto COJ

[@joeykayombo5301]

Very insightful and have given me a clear understanding regarding ownership of land and property thanks ❤😊 👍 ​@@LuxuryHomesJohannesburg

[@LuxuryHomesJohannesburg]

You’re very welcome. Banks are clearly happy with the arrangement or they wouldn’t provide financing. Plus, “small detail”…no transfer duty payable…wanna do the numbers of a R12mil home how much you save? 🤔

[@carolinedomestry-vi1vf]

Wanted to ask about who did this house windows and sliding doors

[@LuxuryHomesJohannesburg]

Sorry for the delay in responding! Great questions - I'd suggest to reach out to the architect mentioned in description.

[@stoicman31]

I came for the real estate tour but stayed for everybody’s favorite auntie.

[@LuxuryHomesJohannesburg]

🤣🤣🤣

[@ConciliaMafane-id1xj]

ME I LIKE IT

[@LuxuryHomesJohannesburg]

Impressive setup, isn’t it?!🥰

[@nkuliegwala5055]

My dream home 😭

[@LuxuryHomesJohannesburg]

Mine tooooo 🥰

[@maifomalose2108]

my concern now, is how much i don't see the price, this is more than beautiful

[@LuxuryHomesJohannesburg]

It is not on the market but for the right price, I’m sure we can talk to the owners. Contact Marussia @ [phone]

[@SYRE..]

What a beauty🔥🤌

[@LuxuryHomesJohannesburg]

Def one of my all-time fave as well...

[@leratovilakazi-x2u]

Hi @Xavier & @Marussia is this house still available?

[@LuxuryHomesJohannesburg]

Thx for stopping by, Lerato. Please check directly with Marussia @ [phone]

[@londekam5186]

Oh my 😮, I am curious to know the price of this masterpiece??

[@LuxuryHomesJohannesburg]

It is not on the market but for the right price, I’m sure we can talk to the owners. Contact Marussia @ [phone]

[@MrProdigy24]

Just 1 question: is the house sold with the furniture?

[@LuxuryHomesJohannesburg]

It is not on the market but for the right price, I’m sure we can talk to the owners. Contact Marussia @ [phone]

[@ninimasobe2771]

❤❤❤❤❤

[@LuxuryHomesJohannesburg]

Yessss🥰

[@tebomakhetha1865]

Beautiful.. what's the price if on sale

[@LuxuryHomesJohannesburg]

It is not on the market but for the right price, I’m sure we can talk to the owners. Contact Marussia @ [phone]

[@Raymondapples]

👊👊👊👊

[@LuxuryHomesJohannesburg]

Cheers, Raymond 😎

[@akanimashele8490]

i want this property...fully furnished like this...what could be the price for this

[@LuxuryHomesJohannesburg]

Great question, Akani. It is not on the market but for the right price, I’m sure we can talk to the owners. Contact Marussia @ [phone]

[@ziyanda6521]

How much would this stunner go for sheeesh

[@LuxuryHomesJohannesburg]

It is not on the market but for the right price, I’m sure we can talk to the owners. Contact Marussia @ [phone]

[@ziyanda6521]

How I wish 😂

[@LuxuryHomesJohannesburg]

@ziyanda6521 One day; one day 🤗