'Palace in heaven': Vancouver home sold for $5M above the assessed value

A Vancouver home, described as a “palace in heaven,” recently sold for significantly more than its assessed value.
According to BC Assessment, 820 Eyremount Dr., located in the British Properties of West Vancouver, was most recently assessed at $12,364,000. In the last week of August, the home sold for well above that, with a final sale price of $17.5 million, the apparent cost of entry into heaven.
The home is called the Chateau Eyremount, and the listing describes the mansion as “magnificent and majestic.”
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Luxmore Realty
According to Zealty, the home is relatively new, having been constructed in 2022. The previous property sold in 2016 for just over $6 million. The home features six bedrooms, eight bathrooms, 11,236 sq. ft. of living space on a lot of 21,780 sq. ft.
Pictures indicate that the notion that the home is a “palace” isn’t misplaced, with numerous shiny gold touches throughout the interior, including the furniture.

Luxmore Realty
There’s also a “dazzling golden crystal chandelier.”

Luxmore Realty
“Every detail reveals unparalleled luxury and refinement, as if you are in fairyland,” the listing states.
Other luxurious touches include an indoor swimming pool, a nanny room, a wine cellar, and two fountains —one located in the front and the other in the back. There’s also an elevator and a heated driveway.
While the sale of this heavenly home may be irrelevant to most, it’s good news for those in the real estate market who have been hoping to see the ultra-luxury sector recover. Essentially, any home priced over $10 million is considered ultra-luxury, and throughout most of 2025, this segment of the market has experienced stagnation, marked by a significant decline in sales.
However, the luxury sector has seen significantly more activity recently. Even over the past two weeks, three homes in Metro Vancouver have sold for over $10 million.
In any event, it appears that heaven is just as unaffordable as Vancouver.