Bougie West Vancouver home sees $3M price drop to lure buyers

A bougie West Vancouver home in British Properties, a neighbourhood known for luxurious estates,  has been listed for nearly $13 million, marking a notable price drop compared to the last listing.

Located at 1175 Eyremount Dr., the home was listed last week for $12,998,000 and is currently assessed at $9,813,000.

Another notable aspect of the home’s pricing history is that it was listed for slightly higher back in 2018 ($13,800,000) but sold for much less in 2019 ($8,000,000).

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After the 2019 sale, the home stayed off the market until October 2024, when it was re-listed for $15,998,000. At the time, it was assessed at $9,950,000. That listing expired this January. It was re-listed for the same price in January, and that listing expired earlier this month before being re-listed last week with a big price reduction.

The latest listing’s price was reduced by $3 million. As we mentioned, the six-bedroom, nine-bathroom mansion now has an asking price of $12,998,000.

The 10,269 sq. ft. home has all of the delights you might expect in a luxury property. There are pools (indoor and outdoor), a theatre room, marble floors, amazing views, and tons of space. While the home is massive, the lot is just as huge, boasting 19,130 sq ft.

The listing states that the home offers “six expansive decks enhance indoor-outdoor living.”  In addition, it says that the house is being offered fully furnished, which could be a great value add because the furniture looks expensive.

The home features a luxurious game room with a fancy pool table next to the indoor pool.

The main entrance is a sight to behold, with a grand piano right in the centre.

The indoor swimming pool looks like a perfect escape after a day of writing news stories or doing whatever one does for work.

The theatre room looks fairly standard with a projector and surround sound set up.

It’s not entirely surprising that the luxury West Vancouver home hasn’t sold easily. Both buyers and sellers are playing the Metro Vancouver luxury housing market as a waiting game.

Last week, we learned that Vancouver’s luxury housing market was facing the biggest hurdles of all major cities in Canada.

While Vancouver saw a slight uptick in January, Sotheby’s International says that “consumer sentiment in Vancouver took a downturn in February.”

It added that “although the lower end of the luxury market saw some movement as buyers renewed their activity with monetary policy easing, both buyers and sellers remained hesitant overall, concerned about the impact of these geopolitical issues on the city’s economy, job market and housing values.”

Sotheby’s said homes would have to be priced competitively to interest buyers.

A big price drop also hasn’t helped former Vancouver Canucks defenceman Alex Edler in selling his property. We also saw that the Prince of Dubai’s home listing had expired without a buyer.