Massive $6 million discount finally clinches deal for West Vancouver luxury home

Massive $6 million discount finally clinches deal for West Vancouver luxury home


 

 
  • The 2956 Palmerston Avenue estate spent 155 days on the market.

The listing says the extravagant West Vancouver home is “too amazing to describe in words”.

It did actually.

“This spectacular custom built completely renovated residence is situated on one of the most stunning almost 1 acre properties,” the listing said about 2956 Palmerston Avenue.

 

Moving on, “The home offers approximately 11,000 square feet of complete luxury, 7 bedrooms, 8 bathrooms, and several dens. The floor plan is incredible with the entrance foyer opening to a huge living and dining room with 30 foot high ceilings.”

 

Outside, “The maturely landscaped property has a gated circular driveway and water feature at the front and a sun soaked, private swimming pool, hot tub, gazebo and huge level yard and sport court at the back.”

 

And inside, “There is a climate controlled wine room, gym, workshop, complete outdoor entertainment kitchen, and self-contained nanny suite.”

The 2956 Palmerston Avenue property has a 2021 assessment of $8,242,000.

On March 8, 2021, Sutton Group-West Coast Realty listed the mansion on the market for $16,880,000.

Based on tracking by real-estate information site Zealty.ca, the residence spent 155 days on the market before it was finally sold.

On August 11, the property went to a new owner for $10,800,000.

This means that sold price was 36 percent below asking, for a discount of $6,080,000.

Zealty noted that the sale was reported on August 18.

The property information site also tracked the sales history of 2956 Palmerston Avenue.

It was previously listed on November 25, 2019 for $13,880,000, and this expired on November 26, 2020 with the same asking price.

The luxury home was last sold on November 28, 2016 for $10.1 million two weeks after it was listed on November 14 in that year for $10,998,000.

Prior to this sale, the residence changed hands on August 20, 2012 for $6.8 million. This sale followed a May 2 listing in that year with an asking price of $7,498,000.

Earlier in the same year of 2012, the West Vancouver abode was listed for $7,998,000 on January 30. The listing was terminated on May 1, 2012 at the same price.

 
Follow Carlito Pablo on Twitter @carlitopablo
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