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
'Happy tears' of victim's sister after prison attack on serial killer Robert Pickton
Cynthia Cardinal said she was 'overwhelmed' with happiness when she received a text message on Monday with the news that serial killer Robert Pickton, who murdered her sister, was attacked in prison. She called it 'karma.'
Thunderstorms with tornado risk in some areas in Ontario, snow elsewhere in Canada
Canadians can expect a mixed bag of weather, with forecasts warning of thunderstorms, heavy rain and snow in some areas across western Canada.
Montreal photographer captures dramatic Canada goose vs. fox fight on video
A Montreal photographer captured the moment a Canada goose defended itself from a fox at the Botanical Garden.
Fish oil supplements may raise risk of stroke, heart issues, study suggests
As an excellent source of heart-healthy omega-3 fatty acids, daily fish oil supplements are a popular way to keep the risk of cardiovascular disease at bay.
opinion Joe Biden uses bully pulpit to bully Donald Trump on debates
Donald Trump had spent weeks needling U.S. President Joe Biden for his refusal to commit to a debate. But Washington political columnist Eric Ham describes how in one fell swoop, Biden ingeniously stole the issue from the Trump campaign and made it his own.
'All hell broke loose': Passengers on Singapore Airlines flight describe nightmare at 37,000 feet
Passengers on a Singapore Airlines flight hit by severe turbulence on Tuesday described a sudden, dramatic drop as 'all hell broke loose' on board the Boeing airliner carrying 229 passengers and crew.
3 people dead after stabbing in Plateau-Mont-Royal: Montreal police
Three people are dead after they were stabbed in Montreal's Plateau-Mont-Royal borough Tuesday evening, police say.
Cybercriminals threaten to leak London Drugs data if it doesn't pay $25M ransom
Last month’s cyberattack on pharmacy and retail chain London Drugs that forced the closure of all its stores in Western Canada was orchestrated by a 'sophisticated group of global cybercriminals' who are demanding a ransom—and say they’ll leak the company’s data if it doesn’t pay up.
How to remove ticks and what to know about these bloodsuckers
Ticks are parasitic bloodsuckers, capable of spreading deadly disease, and they’re becoming increasingly common. Here’s what you need to know about them.