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Palm Beach, Sea Point: apartment prices, October 2026
293 Beach Road, a sectional-title scheme registered in 1985. Every sale registered here since January 2023, with the price per m², the trend and what a unit would rent for.
12 sales recorded in Palm Beach since 2023, median price R5.08m.
Data: City of Cape Town public records, 12 registered sales, last updated October 2026.
By Samantha, Sellect · Sales registered Feb 2023 to May 2026 · Updated 21 October 2026 · MethodPalm Beach in 60 seconds
City of Cape Town registered sales · method at the bottom of the pageAbout Palm Beach
Flats sold here since 2023 are mostly two- and three-bedroom sizes: a median of 119 m², from 110 m² to 148 m². Among 108 Sea Point buildings with at least five sales since 2023, Palm Beach ranks below the neighbourhood median by price per m² (number 77). The sectional-title scheme was registered in 1985. With 95 residential units on the 2025 valuation roll, about 13 % of the building changed hands in under four years.
What Palm Beach sells for
Medians of registered sales. With a handful of sales a year, the mix of units sold moves these figures: read the trend with care.
Apartments in Palm Beach sell for about 30 % less per m² than the Sea Point median, a way into the neighbourhood below its usual price level. Units sold range from 110 m² to 148 m², with a median of 119 m². 12 sales were registered since January 2023, the most in 2024 (6). Since July 2025, units here sold for a median of +12 % their 2025 municipal value.
Floor, view and condition move the price of each unit: value your apartment in Palm Beach against these sales, free.
Median price per m² by year
Number of sales under each year. 2026 is partial.
Against the neighbourhood
Median price per m², sales since January 2025 where available. Sea Point median: apartments sold since January 2025.
| Year | Sales | Median price | Median price per m² |
|---|---|---|---|
| 2026 | 1 | R5.50m | R46,218 |
| 2025 | 1 | R6.00m | R40,541 |
| 2024 | 6 | R5.17m | R38,901 |
| 2023 | 4 | R3.67m | R31,439 |
Every sale registered in Palm Beach since 2023
Month of registration, unit size and price, as published by the City of Cape Town. Unit numbers and owners are not shown.
| Registered | Size | Price | Price per m² |
|---|---|---|---|
| May 2026 | 119 m² | R5.50m | R46,218 |
| Jul 2025 | 148 m² | R6.00m | R40,541 |
| Dec 2024 | 111 m² | R5.60m | R50,450 |
| May 2024 | 144 m² | R6.00m | R41,667 |
| Apr 2024 | 145 m² | R4.75m | R32,759 |
| Apr 2024 | 119 m² | R4.30m | R36,134 |
| Mar 2024 | 119 m² | R5.70m | R47,899 |
| Feb 2024 | 123 m² | R4.20m | R34,146 |
| Nov 2023 | 123 m² | R4.10m | R33,333 |
| Sep 2023 | 110 m² | R3.25m | R29,545 |
| Mar 2023 | 118 m² | R3.00m | R25,424 |
| Feb 2023 | 119 m² | R5.40m | R45,378 |
What a unit in Palm Beach would earn
Estimates, not observed rents: Sellect model from the price level, the same as in your free report.
Rent for a median unit
A 119 m² unit at the building median of R5.08m would rent for about R34,700 a month: a gross yield of about 8.2 % and about 5.4 % net, after rates, levies, management and empty months.
Rates at the City’s 2026/27 residential rate, levies estimated at R45 per m² a month, management 8 %, vacancy 4 %.
Value your flat in Palm Beach
Your floor, view, size and condition move the price. Your free report compares your unit with every sale in Palm Beach and gives a value range, the rent and the net yield, in 60 seconds.
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Frequently asked questions
How much does an apartment in Palm Beach cost?
Since January 2023, 12 apartments were registered as sold in Palm Beach, Sea Point, at a median of R5.08m for 119 m², or R38,300 per m². Prices ranged from R3.00m to R6.00m.
Is Palm Beach expensive for Sea Point?
Units in Palm Beach sell for a median of R43,400 per m², 30 % below the Sea Point apartment median of R62,000 per m² for sales since January 2025.
What rent can I get for a flat in Palm Beach?
About R34,700 a month for a 119 m² unit, a gross yield of about 8.2 % (5.4 % net). This is a Sellect estimate from the price level; your free report adjusts it to your unit.
Where do these figures come from?
From sales registered at the Deeds Office and published by the City of Cape Town, analysed by Sellect. Bundles, parking bays, storerooms and implausible prices are excluded. Figures are medians and indicative, not a valuation.