Think you're rich? Look at what these Sandton mansions cost

Not quite in that league? There's another lavish home on sale for nearly R26-million with a wine tasting room and a gym.

Charles Vining‚ Seeff’s managing director in Sandton‚ says the Sandton suburbs and immediate surrounds have generated an estimated R8-billion in residential sales in the last 18 months.

• This is SA's record-breaking R290 million homeNot quite a bargain‚ but R290-million for a new fully furnished‚ three-storey house that comes along with seven bedrooms‚ nine bathrooms‚ eight garages‚ all the art in the house‚ two luxury cars and spectacular views is a fair price‚ said the estate agent who sold the property. 

“About 10 sales per year are made in the R20-million plus price range in Sandton and we are seeing more activity in this segment of the market than we had in the prior 18 months. To date the highest price our branch has achieved in 2016 has been R26-million for a mansion in Sandhurst‚" he says.

Occasionally homes in the area can also be as high as R60-million to R80-million. Vining says they currently have three properties priced in the R60 million to R75-million price range and six homes priced in the R32-million to R40-million bracket.

• This is the cost of living in South Africa's citiesGetting gym fit or buying a beer costs more if you live in Johannesburg and Cape Town‚ compared with smaller cities‚ but Durban is the place to be if you want a city buzz and the best bang for your buck. 

These homes are located in different areas of "broader Sandton" like Sandhurst‚ Hyde Park‚ Morningside and Bryanston. One of the most lavish homes Seeff Sandton currently has on its books is a R60-million home reminiscent of the Southfork Ranch made famous years ago by the Erwing Family in the television series “Dallas”.

• This is SA’s swankiest address - at R108 000 per square metreIf you’re hankering for a life of luxury at one of South Africa’s swankiest suburbs‚ be prepared to cough up between R50,000 and R108,000 per square metre. 

The size of the erf of this home is 5776 m2 and there are five bedrooms and five bathrooms. Luxuries include a gym‚ a hotel-type spa‚ fully fitted cinema‚ private library‚ cigar bar and a separate entertainment summerhouse with pizza oven‚ billiard room and dining area overlooking the pool‚ pool deck and floodlit tennis court.

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Another memorable home that boasts characteristics of the iconic Tuscan Villa‚ “Villa Gamberaia” on the hills of Florence‚ is on the market for R25,750‚000.

This home is located on an erf of 8600 m2‚ has five bedrooms‚ five bathrooms‚ a Slavin kitchen with integrated appliances‚ Italian garden and lighting‚ built-in pub and wine tasting room‚ a gym‚ Mahogony units throughout‚ gas and wood fireplaces‚ Rhodesian Teak Floors and a sparkling pool surrounded by Zimbabean Teak deck.

• Revealed: South Africa's swankiest places to liveNettleton Road in Clifton keeps its position as the most expensive street in the country in a new property survey. And nearby streets on Cape Town’s Atlantic seaboard take the next five places on the list. 

Vining says even in this super expensive price range‚ buyers are not overpaying or "indulging outrageous price tags in the slightest" and it is more important than ever for sellers to correctly price their property‚ whether it is in the sub R1-million or above R50-million price range.