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Expelled ANC Youth League president Julius Malema's half-built Sandown mansion was sold for R5.9 million in an auction on Thursday morning.
The buyer was Norman Tloubatla, CEO of the company Magnified Designs.
He left in a hurry, driving a white Porsche, after clinching the purchase. Thoubatla refused to speak to reporters.
Auction house Bidders Choice was reportedly hoping to raise between R2.5 million and R3m for the three-storey property.
The home was attached by the court to help cover Malema's tax bill. He owes the SA Revenue Service R16m.
Malema bought the property in 2009 for R3.6m.
He had the existing structure torn down and began building his own mansion.