Definitely!!!!
We have a house just off the Golden Mile (2nd row from the beach) in Britannia Bay and we LOVE IT THERE!!!
Shopping is a breeze - as Thika said there is a new Spar in St Helena Bay - very well stocked. For big shopping, a 20 minute drive to the West Coast Mall in Vredenburg for pretty much anything needed.
Beach frontage plot on the Golden Mile or in Shelley Point (very few left) are expensive, and will start from R2.3M and upwards. There are really good value for money stands in 3rd and 4th row - VERY GOOD VALUE.
Our medium term plan is to move down there permanently - that's how much we enjoy it.
Good Security infrastructure (particularly in Shelley Point) and ADT are very active, together with Singita Security, so crime is low.
Best Kept Secret, Cheers - RB