Vancouver

Palatial Shaughnessy Home Hits Market for $35m

By
REW.ca
November 23, 2017






REWcap image
This incredible mansion in Shaughnessy was completed in 2016 and was listed November 14, 2017 for $35 million — Listing agent: Faith Wilson

Highest-priced new listing of last week is a 2016-built, 12,600-square-foot mansion

A palatial mansion in Shaughnessy has been put up for sale at $35 million – the highest-priced Metro Vancouver home to be listed during the week November 13-19, our weekly #REWCAP on market data reveals. That asking price makes this home the region’s second-most-expensive active listing, after the $36.2 million North Vancouver estate that was listed earlier this month.

The extravagant, six-bedroom, eight-bathroom Shaughnessy house was built in 2016 with super-luxury finishings throughout, including lots of Italian marble and bespoke millwork. It has a grand two-storey lobby with sweeping staircase and a vast, double-height formal living room, as well as a stately library, a 700-bottle wine cellar, eight wet bars, and an indoor swimming pool with hot tub. Upon completion, the home was listed by a different agent in April 2016 at an even higher price – $38.9 million – but did not sell at that time. Records also reveal that the property, which originally had a Tudor-style house, was sold back in 2000 for $1.8 million.

The priciest attached home to be listed last week was a 19th-floor luxury condo at the Escala Waterfront building in Coal Harbour. This chi-chi unit has three bedrooms, four bathrooms, 3,500 square feet of living space and two patios with outstanding mountain, city and ocean views. It was listed on November 15 at $10.5 million. Records show the unit was last sold in October 2011 for $5.7 million.

The two homes were among 897 properties to be listed for sale November 13-19, a figure that is slightly lower than the previous week’s 918 new listings. The total number of homes for sale in Metro Vancouver is now 8,825, as of November 23 – also slightly fewer than the previous week.

(Story continues below.)

REWCap Nov 23

The median listing prices of Metro Vancouver’s detached homes, as well as townhomes, duplex and other attached houses, remain roughly level with the past few weeks. However, median condo listing prices in the region climbed nearly $20,000 since the previous week, now at $718,000 across the whole of Metro Vancouver.

The number of listings seeing price reductions is also going down, at 323 last week, which is the lowest figure for many weeks. However, the median number of days it takes to sell a detached home is rising as the single-family market cools ahead of the winter season – currently at 63 days for all detached listings in Metro Vancouver. That figure rises to 72 days for detached homes in Vancouver proper.

 

Like what you read? To get the latest real estate news as it happens, sign up for our newsletter in the footer below and follow us on Facebook and Twitter.


Joannah Connolly has been editor and content manager of REW.ca since May 2014. Joannah has appeared on major local TV outlets as a real estate commentator, and has moderated and spoken on several industry panels. During this time, she also spent two years hosting the Real Estate Therapist radio show on Roundhouse Radio 98.3FM. A dual Canadian-British citizen, Joannah has 20 years of journalism experience in Vancouver and London, with a prior background in construction, architecture and business media.
© Copyright 2017

Comments

REW.ca welcomes your opinions and comments. We do not allow personal attacks, offensive language, unsubstantiated allegations or self-promotional content, including promotional website links. We reserve the right to unpublish comments, to edit them for length, style, legality and taste, and to reproduce them in print or online. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

Email to a Friend

Close