Engel & Völkers Okanagan
13190 Carrs Landing Rd., Kelowna, B.C.
Asking price: $5.698-million (Aug. 10, 2022)
Selling price: $5.15-million (Jan. 30, 2023)
Days on market: 174
Taxes: $15,421 (2022)
Buyer’s agent: Richard Deacon, Engel & Völkers Okanagan
What they got
There are three fireplaces, a family room, den, flex room, wet bar and a massive covered deck.Engel & Völkers Okanagan
This 1.76-acre lakeshore vacation home falls within the Kelowna metropolitan area, with panoramic views of Lake Okanagan, surrounded by vineyards, orchards and other estates.
Beyond the iron and stone gated entrance is the 6,000-square-foot house, a 798-sq.-ft. carriage house, three separate garages, swimming pool, hot tub, 1,200-sq.-ft. golf green and a steep path to 134 feet of private lakeshore frontage, with dock and boat lift.
The five-bedroom, five-bathroom house, built in 2017, features a large gourmet kitchen, solarium, and master bedroom with fireplace, deck and large ensuite. There are three fireplaces, a family room, den, flex room, wet bar and a massive covered deck.
The action
The five-bedroom, five-bathroom house, built in 2017, features a large gourmet kitchen.Engel & Völkers Okanagan
The Calgary family that purchased the home had viewed it several months ago but hadn’t fallen in love with it. They returned for a second viewing and decided to make an offer, says their agent, Richard Deacon. They wanted to purchase their vacation home by summer, but were finding a lack of inventory. The interest rate wasn’t a concern.
“Obviously people looking for secondary homes aren’t the ones panicking, let’s say,” Mr. Deacon says. “So we came back to this house in the fall, and again, kind of analyzed it, They asked if I thought there’d be more inventory coming on in the spring. I said, ‘In normal times, yes. But during COVID we didn’t see a lot of inventory on the lake, and we don’t normally, anyway.’”
The agent’s take
This 1.76-acre lakeshore vacation home falls within the Kelowna metropolitan area, with panoramic views of Lake Okanagan, surrounded by vineyards, orchards and other estates.Engel & Völkers Okanagan
Mr. Deacon said it typically takes at least a year to sell a property in the $5-million range. The sellers in this case did not adjust the price.
“It’s not often you can shave 10 per cent off a luxury listing. Anything under $5.2-[million] was our target price. There was no competition. We bought in the dead of winter, did our due diligence in January. … [The buyers] didn’t want to do a lot of updates. They wanted something turnkey.”
The house is situated on a bluff, and Mr. Deacon said it’s common for homeowners to install a funicular to the lakefront.
The sale closes on April 11.