Are they being realistic, or just vying for attention?
Joseph and Rosalie Segal, the owners of 2250 Indian River Crescent in North Vancouver, have just listed their property (one of many!) for $36.2M! The 9,500-square-foot West Coast-style home is situated on about 5.7 hectares of forest-fringed and manicured land, that's actually comprised of three separate lots. The veritable family compound has been in their family since 1985.
"The primary residence is constructed from a melding of materials indigenous to the surrounding area including stone, fir and glass. Spanning two levels, the home features four bedrooms, five bathrooms, six fireplaces, a private gym, expansive patios and a large kitchen for entertaining." - Sotheby's
The property boasts natural and man-made water features, guest house, working 12-stall paddock/barn and greenhouse.
Realtor, Steve Mitchell, says that standing on the property is like being in the middle of a private park - just trees, water, and sky. "It's quite surreal. All you hear are the birds; you see nothing else, yet you are 20 minutes from the city." It's this kind of quiet, he says, that has already attracted interest from local and off-shore buyers.
This represents a new record price for North Vancouver on the Multiple Listing Service according to listing brokerage, Sotheby’s International Realty Canada; it tops anything listed in West Vancouver, or all of Metro Vancouver, for that matter. However, the asking price is just a drop in the bucket compared to the Segals' Point Grey home; listed for $63M back in June, the palatial property has yet to sell! Check it out here! --> $63-Million Seaside Segal Estate Sets New Record In Vancouver.
Seems the Segal family - who started from meager beginnings and is now worth billions - is all about breaking records!
Could this be a sign that there is renewed interest in the top end of the luxury market in Vancouver?
The property certainly stands out in the community, given other sellers are listing neighbouring homes for fraction of the price: just under $2 million on Panorama Drive or $1.9 million on Cliffwood Road.
While it's dwarfed by their larger Belmont property, the Segal's home at Indian River Crescent is still an impressive piece of land. But is it worth it's asking price? Take a look at this video of the property - courtesy of Sotheby's - and decide for yourself!
Here are some other residences that have caused a stir in Vacnouver's richest neighbourhodoood:
Posted by Steve Fudge, the purveyor of Houseporn.ca and the proprietor of Urbaneer, a division of Bosley Real Estate Ltd., Brokerage, in Toronto, Ontario