After nearly two years on the market, a luxurious mansion in Lake Country has finally been sold for a whopping $16 million.
The stunning property, located on the shores of Okanagan Lake, boasts 13,000 square feet of living space and sits on a 1.1-acre lot. It features six bedrooms, nine bathrooms, a wine cellar, a home theatre, and a private beach with a boat dock.
The mansion was originally listed for $18.5 million in 2019, making it one of the most expensive properties in the area at the time. However, after several price reductions, it was eventually sold for $2.5 million less than the initial asking price.
According to the listing agent, the buyer is a local resident who was drawn to the property’s unique location and luxurious amenities. The sale marks one of the highest-priced residential transactions in the Okanagan region.
The previous owners, who built the mansion in 2015, spared no expense in creating a lavish and modern living space. The property features high-end finishes, state-of-the-art technology, and breathtaking views of the lake and surrounding mountains.
Despite its impressive features, the mansion faced challenges in finding a buyer due to its high price point and the impact of the COVID-19 pandemic on the real estate market. However, the recent surge in demand for luxury properties in the Okanagan region has helped to facilitate the sale.
The sale of this Lake Country mansion is a testament to the resilience of the local real estate market and the desirability of the Okanagan region as a prime location for luxury living. With its stunning natural beauty, world-renowned wineries, and endless recreational opportunities, it’s no surprise that this area continues to attract high-end buyers.
As the new owner settles into their new home, the sale of this magnificent mansion serves as a reminder of the enduring appeal of the Okanagan region and its ability to attract buyers from all over the world.
