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
Blockade briefly stops Pride Parade in downtown Winnipeg
A group of protesters briefly blocked the Winnipeg Pride Parade on Sunday.
'The legacy I want to leave:' Mother with Stage 4 cancer advocates for survivors
People around the world are observing National Cancer Survivor Day, an annual celebration held to honour patients who have been through the often difficult and traumatic experience of living with cancer.
Do this once a month and extend your life by up to 10 years. No gym required
Research shows that art experiences, whether as a maker or a beholder, transform our biology by rewiring our brains and triggering the release of neurochemicals, hormones and endorphins.
Ryan Reynolds has declared 'War of the Popcorn Buckets.' He's honestly onto something
Ryan Reynolds this week unveiled arguably the most anticipated and sure-to-be coveted merchandise tied to his upcoming 'Deadpool' sequel: the movie’s novelty popcorn bucket.
Bathroom break nearly derails $22 million project at city council meeting
A brief break during Wednesday's city council meeting in Saskatoon nearly cost the city dearly.
Motorcycle doing wheelies, weaving in, out of traffic caught on Highway 417
A motorcycle driver is facing charges after being caught on Highway 417 doing wheelies and weaving in and out of traffic, the Ontario Provincial Police (OPP) says.
Trump's attacks on U.S. justice system after his conviction could be used by autocrats, say experts
After his historic guilty verdict in his hush money case, Donald Trump attacked the U.S. criminal justice system, making unfounded claims of a "rigged" trial that echoed remarks from the Kremlin.
A CBSA strike could soon snarl border traffic. Here’s what you need to know
Just as the summer travel season gets into gear, Canadians and visitors could find themselves waiting in long lines at the border — delays that could also deal a blow to the economy.
Oilers expect Stars to push back in Game 6 of Western Conference final
With the chance to close to set a date with the Florida Panthers in the Stanley Cup final, Oilers coach Kris Knoblauch believes his team will have to step up their efforts even more. What was good enough Friday in Dallas won’t be good enough in Game 6.