Brand New Shaughnessy Home Listed at $19.8m

Lot sold for $4.1m in 2013 now has highest-priced new listing, $15.6 million higher, #REWCAP market analysis reveals
Joannah Connolly
October 13, 2017

A brand-new, 2017-completed, custom-built luxury home in Shaughnessy has been listed for $19.8 million – $15.6 million more than the developer paid for the original $4.08 million house and property in December 2013.

The stunning new home was the highest-priced new listing of last week, October 2-8, on the Real Estate Board of Greater Vancouver’s Multiple Listing Service®.

The six-bedroom, eight-bathroom, Tudor-style mansion in Vancouver’s most prestigious address was designed and built by Robert Walker. The interior has a sublime classic-contemporary style, and the home and deck have great views of the North Shore Mountains and English Bay. The garden level has a massive games room with bar, separate media room, yoga/exercise room, sauna and steam rooms, and a wine room.

It may have been last week’s highest-priced new listing in the region, but $19.8 million makes it only the joint-14th most-expensive current listing on the REBGV’s MLS® as of October 12. The top three currently listed are a luxury $34.8 million Shaughnessy mansion, a $29.8 million Southlands estate, and an 340-acre estate in a remote area of BC, listed two weeks ago at $28.8 million and rumoured to be owned by movie star Michelle Pfeiffer and TV producer husband David E Kelley. (The first in that list was Canada’s priciest listing for a short while before this $35 million Toronto mansion was listed.)

The median listing price of a detached home across the Greater Vancouver region remained the same as the previous week, at $2,090,000 – about $1 million lower than the median listing price in Vancouver proper.

REWCap Oct 12

Townhome median listing prices inclined nearly $10K from the previous week, now at $939,400. But median condo prices on the MLS® crept upwards again slightly, just shy of the $700K mark at $699,000.

With less than 1,000 new listings becoming available the week of October 2-8, this is lower than the previous week. Total active listings as of October 12 are 9,341 homes for sale in the Greater Vancouver region, just four more than the previous week. However, the number of listing price reductions rose very slightly yet again, to 446 price drops during that week.

Joannah Connolly
Joannah Connolly is editorial director of Glacier Real Estate, Glacier Media's real estate division. Joannah writes and curates real estate news for Glacier Media's local newspaper websites, including the Vancouver Courier, North Shore News, Burnaby Now, Tri-City News and others. She also oversees editorial content in Real Estate Weekly Homes, West Coast Condo, Western Investor and Glacier's special real estate publications. A dual Canadian-British citizen, Joannah has 22 years of journalism and editing experience in Vancouver and London, with a background in construction, architecture, healthcare and business media. Joannah has appeared on major local TV outlets as a real estate commentator, has moderated and spoken on various industry panels, and spent two years hosting the Real Estate Therapist radio show on Roundhouse Radio.