Sea Point Property Update: August 2025

Sea Point is one of those neighbourhoods that really captures the Cape Town lifestyle, a lively promenade, mountain and ocean views, and a mix of trendy apartments and spacious homes. But beyond its everyday charm, the property market here has had a busy year, with strong sales activity and a buoyant short-term rental scene.

In this blog, we’ll cover:

• Sales Snapshot: How freestanding and sectional title properties performed over the past 12 months.
• What’s on the Market Now: A look at current listings, price ranges, and averages by bedroom count.
  
• Short-Term Rental Market Trends:  Year-on-year performance in revenue, occupancy, and bookings.

Sales Snapshot: Past 12 Months

Freestanding Residential Properties

• Total sales: 33
• Average sale price: R9,331,798
• Highest sale price: R23,375,000
• Lowest sale price: R3,700,000
• Average time on market: 56 days

Sectional Title Properties

• Total sales: 509
• Average sale price: R4,482,749
• Highest sale price: R34,500,000
• Lowest sale price: R900,000
• Average time on market: 70 days
  
  

This highlights Sea Point as a sectional-title stronghold, with apartments dominating sales volumes. That said, the freestanding market also showed solid movement, and across both categories, well-priced properties didn’t linger long, generally selling within two months.

What’s on the Market Now

As of now, there are 246 properties in Sea Point listed on Property24.

• Average asking price: R5,997,000
• Average sale price: R3,400,000

Current range:

• Highest listing: R125,000,000
• Lowest listing: R1,450,000

Average asking prices by bedroom count:

• 1 bed: R3,050,000
• 2 beds: R6,295,000
• 3 beds: R10,000,000
• 4 beds: R14,747,500
• 5+ beds: R31,950,000

The spread is significant, with one-bed apartments providing a more accessible entry point, while high-end homes are pushing well into the multi-million rand bracket.

Short-Term Rental Market: Year-on-Year Trends

Sea Point’s short-term rental market has also seen a strong year, both in growth and performance.

Average Revenue per Listing

• Current period: R468,060
• Previous period: R406,770
• Increase: 15.07%

Active Listings

• Current: 1,270
• Previous: 957
• Change: +313 listings (+33% YoY)

Number of Bookings

• Current: 33,880
• Previous: 22,560
• Change: +50.18%

Occupancy

• Current: 75%
• Previous: 73%
• Change: +2%

What’s particularly striking here is that despite a significant jump in the number of active listings, both occupancy and revenue have continued to climb. That indicates strong and growing demand, reinforcing Sea Point’s appeal as a short-term rental hotspot.

Occupancy for the previous 365 days

Occupancy for the upcoming 365 days

Key Future Dates

In short: Sea Point continues to show its strength as both a sales and rental market. Apartments dominate the landscape, but freestanding homes still hold their own at higher price points. On the rental side, revenue and demand remain robust, even as the number of listings rises.

 *Sources: CMA | PriceLabs | Property24

Looking for a Property Management Company?

If you’re looking for a property management company in Cape Town, check out Nox Cape Town. Our team specialises in optimising rental income, maintaining high occupancy, and ensuring premium guest experiences, helping property owners get the most from their investments.

Cover Image by: Jeanine Smal