Markus Joostes former Hermanus estate is listed for 5.8 million, featuring ocean views, a heritage cottage, and luxury finishes across 6,900 square meters.
The late Steinhoff CEOs estate faces a 25 million penalty claim tied to South Africas largest corporate fraud investigation.
Steinhoffs market value plunged from 25 billion to 4.5 million following accounting fraud charges and Joostes 2024 death amid ongoing probes.
A luxurious coastal home once owned by the late South African businessman Markus Jooste is reportedly up for sale at R105 million 5.8 million. The property is located in Volklip, an upscale suburb of Hermanus along Cape Towns scenic Whale Coast.
According to property documents confirmed by estate agency Seeff Property Group , the home was owned by Jooste during his lifetime and also served, at one point, as a cherished holiday retreat for members of the Rupert family, one of South Africas wealthiest dynasties.
The 5.8 million Hermanus estate for saleSeeff, which offers trusted real estate services across South Africa, describes the residence as a rare offering within one of Hermanuss most iconic and private coastal estates, noting that it features sweeping views across Walker Bay and a striking mountain backdrop.
The main house covers 2,082 square meters and includes seven bedrooms, three lounges, and ten garages. The total land size spans over 6,900 square meters and includes a 259-square-meter heritage cottage and a separate flatlet.
The agency calls the property a masterclass in timeless architecture, highlighting its high ceilings, grand proportions, and refined finishes. Every roomfrom formal reception areas to quiet cornersis designed for both elegance and ease, reads the listing.