The three-storey home – which has seven bedrooms, an infinity pool and exquisite 360-degree views of Cape Town – was bought by a German entrepreneur for (290 million rand)£14.5 million.
Dirk Ströer, boss of one of Germany's biggest online and public advertising companies, will use the record purchase as a holiday home for him and his family, his estate agent said.
‘They were not planning on buying such an expensive property, but they fell in love with it. It has spectacular views and it is a spectacular home,’ said Mr Epstein.The German couple, who have two children, had chanced upon the award-winning home during a visit to friends in Cape Town, settling on a price with the owners last month.
‘When you buy a top-end property in locations like Ibiza and Saint-Tropez‚ then R290-million (£14.5m) is average - it is not an extraordinary price‚’ Mr Epstein told South Africa’s Sunday Times.