Located 10 minutes from the East London Airport, Diamond Igoda View is built on three levels and boasts six bedrooms, five living rooms and three kitchens.

The mandate for the property is shared between Pam Golding Properties and Sotheby’s.

According to Lofty Nel, the principal of Lew Geffen Sotheby’s International Realty in East London, the house has been viewed by a number of high- profile South Africans.

“While this exquisite property might well be out of the average South African’s league, there has been much local interest.

It’s an absolutely beautiful home, in the most spectacular setting, with its own private game reserve, river and semi-private, white-sanded beach,” said Nel.

Nel said Sotheby’s had sold a similar type of property, priced at R38.5m, in 2008.

This property, called Diamond Igoda View after the river that borders it, is set on a 23.6 hectare secluded beach estate, surrounded by dense natural bush.

Strict new legislation guarantees that Diamond Igoda will remain one of only a handful of structures on this section of ecologically sensitive land.

Most of Diamond Igoda’s walls are glass to maximise the use of natural light, with expansive fold-away doors that glide back to reveal broad sky decks that are open to the sights and sounds of the sea, river and bush.

It is currently owned by former economic consultant Charles Diamond, who commissioned award-winning architects Andrew Makin and Janina Masojada to design the home.

Diamond is a South African currently living in the United Kingdom.

Pam Golding area principal Hanlie Bassingthwaighte said the property had been on the market for about a year already. She added that while the R29m price tag may seem steep in the East London context, there were many properties in Port Elizabeth or along the Garden Route that were priced even higher.

“The price is not an unattainable figure for property in South Africa,” she said.

“This is a world class property that compares with anything of its kind in the world.”

Also still on the market is The Castle in Nahoon at R9.95m. Bassingthwaighte said there had been a number of interested buyers, but that it had not yet been sold.

“It often takes between seven and nine months to sell these kinds of high-end properties,” Bassingthwaighte said.

Also on her books is a home in Baysville going for R10m, a plot in Birha going for R7.5m and a “gracious country estate” in Gonubie priced at R9.2m.

“We usually have about five to 10 extraordinary homes on our books at any given time. That’s just how the market is,” she said.