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Waterfront Mansion in White Rock Listed For a Record $18.9 Million

WHITE ROCK — The City by the Sea has a new record holder for highest listed residential property for sale – an $18-million mansion on Marine Drive.The property, a 14,500-square-foot, six-bedroom, eight-bathroom mansion, sprawls one-and-a-half acres with views right on the city’s oceanfront and tops the second-highest listed property by $4 million.

According to the listing’s realtor, Greg Fraser, the house was built in 2009 and this is the first time it’s been put on the market.

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Whether or not the mansion will fetch the asking price is uncertain but Fraser notes that the highest-selling property in the city was a $12-million home also located on Marine Drive. That property was sold in 2007 by his office, Homelife Benchmark Realty.

“There’s a group of these properties and they’re the only group in a row, there’s 18 in a row and they’re all an acre-and-a-half in size,” said Fraser. “The last property I sold was right beside (this one) and it was $6 million just for the land,” Fraser added. “The buyers tore the house down and built their own.”

As for this property, Fraser said it was priced at $18 million not only due to its views and acreage, but also because of the amenities that the house has over comparable properties in the area. Those amenities include an indoor pool, a gym, massage room, spa, theatre and a stage. The property also has a four-car garage with a 1,000-square-foot coach house above. The interior also boasts arched ceilings, chandeliers and luxury furnishings and designs. A similar-sized lot nearby sold $6 million for the land alone.

And while $18 million may seem a bit out of range for some, Fraser said the price is still affordable when compared to similar properties in North or West Vancouver. Fraser also pointed out that properties like these in White Rock were truly the last waterfront properties available in Metro Vancouver.

“White Rock, at the end of the day, isn’t that far from Vancouver. It’s got better sunshine, it’s got cleaner air and we don’t have the pollution settling in the harbour,” said Fraser. “Other than White Rock, there is no more land. There’s West Van, North Van and there are no more properties that way. When you come south, you have Richmond and then you come here. These are the last few available views in the Lower Mainland, so this is White Rock finally coming to roost.”

For more information on the property and to view a virtual tour, go to www.gregfraser.com.

For more White Rock and Surrey news, visit thenownewspaper.com.

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