A luxurious West Vancouver home sold for significantly less than its assessed value and the price it was sold for 11 years ago.
1460 Chartwell Dr., a six-bedroom and seven-bathroom single-family home, recently sold for $6 million, despite being listed for $7,980,000. That’s less than the purchase price from 2014, when it sold for $ 6.35 million.
That’s also significantly less than the most recent assessed value of the home, which is $8,081,000.
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According to the listing on Zealty, the contemporary and “breathtaking” home was designed by world-renowned architect James Cheng, who might be better known for designing Vancouver’s tallest tower, formerly known as the Shangri-La.
Sutton Group-West Coast Realty
The listing states that the property offers “unparalleled luxury with spectacular panoramic views” of Vancouver, the Lions Gate Bridge, and the ocean.
Sutton Group-West Coast Realty
The design touches include “premium limestone” along with the glass exterior and a “distinctive curved zinc roof.”
While the home was built in 2002, some of those fresh touches were added this year, including a radiant heating upgrade worth approximately $45,000.
Sutton Group-West Coast Realty
Other upgrades include a refreshed garage.
The upgrades might be one of the reasons that BC Assessment values the buildings on the property ($4,128,000) higher than the land ($3,953,000).
Sutton Group-West Coast Realty
The listing states that the home features a gourmet kitchen, an insulated media room, a luxurious primary suite with five en-suite bedrooms, two of which have spacious decks, a recreation room, a serene central courtyard, and “commercial-grade construction.”
Sutton Group-West Coast Realty
The home also features limestone flooring throughout.
Before the sale, the home had been on the market for 138 days, significantly longer than the average time a home spends on the market.
After the 2014 sale, the home was listed five times, which includes the recent listing that found a buyer. In 2016, the first listing after the 2014 sale, the home was listed for $14,880,000 before that listing expired two years later. It wasn’t listed again until 2021 at a significantly reduced price ($8,750,000) compared to the 2016 sale.
The home also garnered some attention on social media.
Just sold below 2014 purchase price in West Vancouver, BC
Bought 2014: $6,350,000
Sold for $6,000,000
Last assessed: $8,081,000
1460 CHARTWELL DRIVE, West Vancouver pic.twitter.com/ueodqNDdzV
— Mortimer (@mortimer_1) September 10, 2025