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Palatial Shaughnessy home hits market for $35 million

Highest-priced new listing of Nov. 13 to 19 is a 2016-built, 12,600-square-foot mansion
This incredible mansion in Shaughnessy was completed in 2016 and was listed November 14, 2017 for $3
This incredible mansion in Shaughnessy was completed in 2016 and was listed Nov. 14, 2017 for $35 million. Listing agent: Faith Wilson

A palatial house in Shaughnessy has been put up for sale at $35 million — the highest-priced Vancouver home to be listed during the week of November 13 to19, a look at market data reveals. That asking price makes it Vancouver proper’s most-expensive home currently for sale, and Metro Vancouver’s second-most expensive active listing (after the $36.2 million North Vancouver estate that was listed earlier this month).

The extravagant, six-bedroom, eight-bathroom Shaughnessy house was built in 2016 with super-luxury finishings throughout, including a lot of Italian marble and bespoke millwork. It has a grand two-storey lobby with sweeping staircase and a vast, double-height formal living room, as well as a stately library, a 700-bottle wine cellar, eight wet bars and an indoor swimming pool with hot tub. Upon completion, the home was listed by a different agent in April 2016 at an even higher price — $38.9 million — but did not sell at that time. Records also reveal that the property, which originally had a Tudor-style house, was sold back in 2000 for $1.8 million.

The priciest attached home to be listed that same week was a 19th-floor luxury condo at the Escala Waterfront building in Coal Harbour. This chi-chi unit has three bedrooms, four bathrooms, 3,500 square feet of living space and two patios with outstanding mountain, city and ocean views. It was listed on Nov. 15 at $10.5 million. Records show the unit was last sold in October 2011 for $5.7 million.

The homes were two of the 185 Vancouver properties to be listed during the week of November 13 to 19 — 119 of them attached units, and 66 detached homes. Active home listings in the city now total 2,711 homes for sale as of Nov. 30.

The median number of days on the market continues to increase, especially for detached Vancouver houses — now 76 days of all the single-family homes currently listed.

Home sales the week of November 13 to19 also slowed again, especially in the condo market relative to the hot activity seen in recent weeks. There were 88 Vancouver condo sales that week, registered by Nov. 30, which is markedly lower than the previous week’s 124 sales. This decline in activity might be in part caused by the stat holiday on Nov. 13.

The priciest Vancouver home to sell that week was a large, elegant, five-bedroom house in a huge corner lot in South Granville, which sold for $8.05 million after 23 days on the market. The most expensive attached-home sale of the week was a luxury ground-floor condo in a boutique building near Kits Beach. This large, three-bedroom unit with fantastic indoor-outdoor living was snapped up for above asking at $4.1 million after just six days.

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