This Vancouver mansion just hit the market for $48M. Take a look inside.
One of Vancouver's "finest private estates" – perched on a Point Grey property with ocean views – has hit the market for the staggering asking price of $48 million.
Listed this week by Stilhavn Real Estate Services, the seven-bedroom, eight-bathroom, 12,048-square-foot mansion even boasts its own name – Casa Blanca.
"(It) offers unmatched seclusion, a palpable connection to nature, and magical coastal views. This modern beach house seamlessly intertwines grand scale with intimate design to create understated elegance and sophistication," the listing says, noting it has never been on the market before.
1450 Blanca Street was assessed as one of the 10 most expensive properties in the province by BC Assessment for 2024, coming in the number nine spot.
The total value was assessed at $38,044,000, with the land accounting for $20,631,000 of that figure and the buildings for $17,413,000.
Image credit: Stillhavn Real Estate Services. The home itself has an indoor gym, a wine cellar, a spa and state-of-the-art security. Outdoors, it has a pool, a hot tub, three fireplaces, ponds with waterfalls, a sports court, a guest house and a four-car garage.
"This is an inspiring opportunity to call one of Vancouver’s most iconic properties home," the listing concludes.
Annual property taxes for 2023 are $232,919.
Image credit: Stillhavn Real Estate Services.
According to Sotheby's International Realty's latest report on luxury real estate, Vancouver sales of properties listed for over $4 million were down 17 per cent in the first quarter of 2024 compared to 2023 and zero properties listed for $10 million or more were sold.
Overall, the report says the market for ultra-expensive properties has softened in cities across the country over the past two years due to higher interest rates and other market forces.
"Persistent tension defined the interactions between home sellers holding onto lofty pricing expectations from previous peaks, and buyers seeking properties priced for the current market," the report says.
Image credit: Stillhavn Real Estate Services.
"This stand-off slowed transactional momentum in several of Canada’s major metropolitan luxury real estate markets in 2023, particularly in Vancouver and Toronto, where hyper-inflation of luxury housing prices was the previous norm."
However, the report also said buyers who have been holding back may start to make moves come spring, when prospective buyers are anticipating more inventory coming on the market, as well as a drop in interest rates.
CTVNews.ca Top Stories
B.C. serial killer Robert Pickton dead following prison attack
Convicted B.C. serial killer Robert Pickton, who preyed on women he lured from Vancouver's Downtown Eastside to his rural pig farm, has died.
'We will go with the majority': Liberals slammed by opposition over proposal to delay next election
The federal Liberal government learned Friday it might have to retreat on a proposal within its electoral reform legislation to delay the next vote by one week, after all opposition parties came out to say they can't support it.
Ex-husband charged with murder in death of Lumby, B.C., woman
The ex-husband of Tatjana Stefanski – the woman whose disappearance and death set the small town of Lumby, B.C., on edge last month – has been charged with her murder.
Oilers beat Stars, one win away from Stanley Cup berth
Ryan Nugent-Hopkins scored two power-play goals as Edmonton smothered the Dallas Stars 3-1 to take a 3-2 lead in the NHL's Western Conference final on Friday.
Baby dead after being delivered via emergency C-section to woman who was in police custody
A newborn is dead after being delivered via emergency C-section to a woman in police custody.
Jennifer Lopez cancels summer tour: 'I am completely heartsick and devastated'
Jennifer Lopez has cancelled her 2024 North American tour, representatives for Live Nation confirmed to The Associated Press.
This Calgary home has a giant tree in the middle, and it's for sale
There's a luxury 'tree home' for sale in Calgary.
DND moving 1,000 employees out of Ottawa office building due to safety concerns
The Department of National Defence is moving approximately 1,000 employees out of an office building in Ottawa's Lowertown neighbourhood, citing safety concerns for its employees.
Man convicted of killing Toronto cop in 1980 granted day parole
A man convicted of murdering a Toronto police officer more than four decades ago has been granted day parole for six months.