Markus Jooste's Hermanus home hits the market
Located in the prestigious Voëlklip area, the estate sits within one of Hermanus's most exclusive enclaves and boasts panoramic views of Walker Bay, famed globally for its whale-watching.
The listing is being managed by Seeff Properties, which described it as a 'legacy property' and 'one of the most significant coastal residential holdings' in the region.
According to Paul Kruger, licensee for Seeff Hermanus, the estate spans 7 000 square metres across a rare double plot – an offering that is 'virtually unheard of' in the high-demand Voëlklip suburb.
The estate comprises a manor house with bespoke interiors and multiple additional residences, all styled in the elegant Cape vernacular tradition.
'This property offers unmatched space, privacy, and grandeur,' Kruger said, adding that its history imbues it with 'a rich heritage of understated elegance and a deep connection to Hermanus's pristine natural beauty.'
The estate previously served as a holiday retreat for the Rupert family, one of South Africa's most influential business dynasties.
However, Seeff confirmed that Markus Jooste, the disgraced former CEO of Steinhoff International, also held ownership.
Jooste committed suicide in 2024, shortly after receiving a R475 million administrative penalty from South Africa's Financial Sector Conduct Authority (FSCA) in the wake of Steinhoff's corporate collapse due to financial misconduct.
With its exceptional location, scale, and history, the property is expected to attract significant interest from high-net-worth buyers, both local and international.
Its R105 million price tag positions it to set a new record for residential sales in Hermanus.
'This is not just a home – it's a piece of South African coastal heritage,' Kruger added.
All images via Seeff Properties
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