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
This type of screen time has the worst effect on kids: experts
According to some experts, there is one type of screen time that is continuously excessive, and it's having a severe effect on our children.
Grayson Murray's parents say the two-time PGA Tour winner died of suicide
Grayson Murray's parents said Sunday their 30-year-old son took his own life, just one day after he withdrew from a PGA Tour event.
Blaine Higgs 'furious' over sexual education presentation
New Brunswick Premier Blaine Higgs has shared his anger on social media over a presentation in at least four high schools.
Some birds may use 'mental time travel,' study finds
Real quick — what did you have for lunch yesterday? Were you with anyone? Where were you? Can you picture the scene? The ability to remember things that happened to you in the past, especially to go back and recall little incidental details, is a hallmark of what psychologists call episodic memory — and new research indicates that it’s an ability humans may share with birds called Eurasian jays.
Trump confronts repeated boos during raucous Libertarian convention speech
Donald Trump was booed repeatedly while addressing Saturday night’s Libertarian Party National Convention.
Driver, 18, gets $3,000 ticket, 32 demerit points after speeding on Laval boulevard
A young driver received a hefty fine from Laval police after they say he was driving nearly 100 km/h over the posted speed limit.
Indianapolis 500 delayed as strong storm forces fans to evacuate Indianapolis Motor Speedway
The start of the Indianapolis 500 was delayed as a strong storm pushed through the area Sunday, forcing Indianapolis Motor Speedway officials to evacuate about 125,000 fans who had already arrived for "The Greatest Spectacle in Racing."
Hamas rocket attack from Gaza sets off air raid sirens in Tel Aviv for the first time in months
Hamas fired a barrage of rockets from Gaza that set off air raid sirens as far away as Tel Aviv for the first time in months on Sunday in a show of resilience more than seven months into Israel's massive air, sea and ground offensive.
At least 13 dead in Texas, Oklahoma and Arkansas after severe weather roars across region
Powerful storms killed at least 13 people and left a wide trail of destruction Sunday across Texas, Oklahoma and Arkansas after obliterating homes and destroying a truck stop where dozens sought shelter in a restroom during the latest deadly weather to strike the central U.S.