Lavish Vancouver home still for sale after seven years despite massive price drops
A huge Vancouver home, described as a “world-class property,” is back on the market with another multimillion-dollar price drop.
The West Point Grey home, located at 4777 West 2nd Ave., features six bedrooms, five bathrooms, and 8,200 sq. ft. of living space.
The property was recently re-listed after a $3 million price drop with a new asking price of $10.998 million.
According to Zealty’s listing history for the property, the asking price for the home was previously much higher.
Royal LePage Westside
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The MLS Pricing History shows that 4777 W 2nd Ave., which is currently tenanted, was most recently sold in August 2017 for just over $14 million.
It went back on the market in March 2018 for nearly $19 million, and that listing expired at the start of 2019 with a price drop to $17,998,000.
Since then, it has received multiple price drops. The latest October 2025 asking price represents a 20 per cent reduction from a terminated listing in February 2024 of $13,880,000.
Royal LePage Westside
This is the sixth listing in seven years for 4777 West 2nd Ave., with the asking price coming under its assessed value.
BC Assessment’s most recent valuation of the home suggests it is worth $11,647,000, with the land value totalling $10,852,000.
Royal LePage Westside
Royal LePage Westside touts the listing as “one of the last extra large lots in Point Grey,” with a private tennis court and an indoor pool on the 38,717 sq. ft. property.
There is a circular driveway, stunning mountain, water, and city views, as well as a large workshop to enjoy.
Amenities in the house include a modern kitchen with a center island and sink, a premium fireplace, and plenty of natural light.
Royal LePage Westside
The Point Grey property isn’t the only lavish home in the region to receive a cut to its asking price.
Another stunning home in Point Grey, which was listed earlier this year, has just seen a substantial price drop but remains listed for over $30 million.
And a Kerrisdale home with luxurious amenities was sold after just a month on the market, but it took a huge price drop to finalize the deal.