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Central Okanagan Real Estate Report July 24, 2018
Weekly Top Property – 320 Poplar Point Drive, Kelowna, V1Y 1Y1
This rancher with basement has a 4,990 finished floor area, which was built in 2015. Comes with 4 bedrooms and 5 washrooms, on a .0319 acre lot. Listed on the market for $5,549,000. It sold in 100 days, for $5,050,000.
Marketed as:
An architectural masterpiece perched above the waters of Lake Okanagan. This spectacular waterfront estate is one of a kind and is complemented by amazing interior design. Extensive planning went into the creation of this spectacular property that features 4990 sq ft of indoor living space with an additional 2000 sq ft of Okanagan outdoor living space. Featuring a lakeside upper patio designed with two Nanowall units to bring the outdoor living inside and to enjoy the lake breeze. This home is equipped with a state of the art home automation smart system which allow you to control virtually every device in the home. The kitchen was designed for entertaining with top of the line Miele, wold and sub zero appliances. The living room features 16ft ceilings and is anchored by a massive linear Ortal gas fireplace. The main master suite is lakeside where you can wake up to the beautiful lake views from your custom built in king bed with hidden pop up television and fall asleep to the warmth of the 3 sided Ortal gas fireplace. The master is complete with full size dressing room with build in cabinetry, drawers and custom shoe wall. Off the master is a private outdoor covered lounge that leads you to the lower patio space featuring sunken hot tub and built in fire pit. The lower level is finished with 2 large bedrooms both with full en-suite bathrooms attached and one with a private patio, perfect spot for visiting guests.
Based on 2016 taxes = $16,370
Here is a look at the basic statistics for residential real estate sales:
| Status: Sold (89) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $64,900 | $55,000 | 10 | 1 | |||
| Max | $5,549,000 | $5,050,000 | 224 | 7 | 7 | 4990 | |
| Avg | $729,212 | $702,322 | 53 | 3 | 3 | 1929 | |
| Sum | $64,899,898 | $62,506,700 | |||||
Criteria:
| MLS is 'OMREB' Major Area is 'Central Okanagan' Sold Date is 7/16/2018 to 7/22/2018 Property Type is one of 'Single Family Residential', 'Strata', 'Manufactured Home', 'Lots and Acreages', 'Recreation' |
Compared to last week
Status: Sold (107)
List Price Sold Price DOM Beds Total Baths Finished Floor Area
Min $74,900 $65,000 6 1 1 593
Max $3,999,000 $3,500,000 301 7 5 4449
Avg $614,499 $594,340 50 3 2 1879
Sum $65,751,376 $63,594,413
| Breakdown of the Sales for the Week | |
| Lots & Acreages | 6 |
| Manufactured Homes | 3 |
| Recreational | 0 |
| Single Family Residential | 44 |
| Strata - Apartments | 24 |
| - Townhouses | 12 |