Vancouver 'mansion in the sky' condo listed for $13M more than last sale
A condo inside the tallest building in Vancouver has been listed for sale for $18,982,000, a slight price drop from the last listing but way more than the previous sale.
Oakwyn Realty refers to the condo as the “Jewel Box,” and it boasts over 7,000 sq. ft. of living space and killer views of the city.
The condo, located high up in the Shangri-La Vancouver, was most recently assessed at $13,300,000 and features four bedrooms and six bathrooms. The last publicly recorded sale was in October 2009, when the condo sold for $5,280,000, $13,680,000 less than the current asking price.
The realtor behind this listing informed Daily Hive Urbanized that after unit 4903 was acquired for $5,280,000, it was combined with another unit (5002) to form one strata lot, one of the reasons for the price increase.
The condo listing boasts 20-foot ceilings, white oak flooring, a glass staircase, and several other luxurious features.
Oakwyn Realty
The condo features a wine cellar with a capacity for over 3,000 bottles of wine, which the listing describes as a showpiece.
Oakwyn Realty
The luxury home is spread across two levels and offers eye-catching views from almost every room.
Oakwyn Realty
The future new owner of the property also gains access to Shangri-La’s five-star amenities.
Oakwyn Realty
The listing also boasts other luxurious features, such as the highest-end appliances, a walk-in closet in the primary bedroom, and an ensuite with heated floors, dual showerheads, and a freestanding tub.
Oakwyn Realty
Other benefits include an office area, home automation, parking and storage. The listing suggests that the unit has been “meticulously reimagined.” The unit is now nearly 18 years old.
Before this listing, which was posted earlier this week, the condo was listed for slightly more, $19,988,000, in July 2024. Between the current listing and the previous one, the condo has been on the market for nearly a year without a buyer.
Since the previous assessment, the land value has dropped from $12,479,000 to $10,977,000.
With a standard five-year fixed mortgage and a 20 per cent down payment ($3,785,600), the monthly mortgage payments on this condo would be roughly $83,000.