Rare Opportunity - Uninterrupted Sea & Lagoon Views

Positioned along one of Plettenberg Bay’s most sought-after coastal stretches, this exceptional property at 6 Formosa Street, Old Plett / Lookout Beach offers a rare chance to secure prime seafront real estate with uninterrupted ocean, lagoon and mountain views. Set on a 595m² north-facing erf, the property enjoys an elevated position on the seafront side of the road, with public land in front ensuring the breathtaking views remain completely protected and unobstructable. While the existing four-bedroom, three-bathroom double-storey home dates back to the 1960s and is in poor condition, the true value lies in the location, aspect, and redevelopment potential. As the last original home on this exclusive strip of Formosa Street, it presents a blue-chip opportunity to design and build a contemporary coastal residence worthy of its remarkable setting. Property Features Erf size: 595m² Zoning: Residential Existing improvements: ±350m² double-storey home Bedrooms: 4 | Bathrooms: 3 | Garage: Single Living areas: Lounge, dining room, study, two fireplaces, covered patio, and balcony Views: Panoramic sea, lagoon, and mountain vistas Highlights Prime position in Old Plett / Lookout Beach, one of Plettenberg Bay’s most prestigious and tightly held enclaves North-facing with year-round sun and panoramic coastal outlook Unobstructable views protected by public land in front Exceptional redevelopment opportunity – ideal for an architectural masterpiece Land value offering in a booming market with limited stock and strong capital growth Walking distance to Lookout Beach, restaurants, and the vibrant Plettenberg Bay town centre Investment Overview With neighbouring properties fetching record-breaking prices and luxury new builds defining this stretch of coastline, Erf 230 offers unparalleled potential to create a world-class home in a premier address. Valued at R25,000,000, this property represents a unique investment in Plettenberg Bay’s most exclusive coastal corridor, where view, position, and potential converge.