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Vancouver Island’s Iconic Villa Madrona Reduced To $5.98-Million (PHOTOS)

Vancouver Island’s Iconic Villa Madrona Reduced To $5.98-Million (PHOTOS)

Vancouver Island’s Iconic Villa Madrona Reduced To $5.98-Million (PHOTOS)
March 03
11:37 2017

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Vancouver Island’s Iconic Villa Madrona Reduced To $5.98-Million

670 Lands End Road, North Saanich, British Columbia, Canada, V8L 5K9

One of Vancouver Island’s most unique private residences is back on the market after selling four years ago.  It’s known as Villa Madrona and it sits on a gorgeous 0.93 waterfront estate in North Saanich with awe-inspiring views.  The residence had sat on the market for more than eight years ranging in price from $9.98-million to $19.25-million before selling in 2013 for just $6.6-million.  At the time Times Colonist noted that the sale of Villa Madrona made it the highest price in the last three and a half years recorded by the Victoria Real Estate Board. It was a big deal all around.   Listing Agent Lisa Williams of Sotheby’s International Realty Canada told Times Colonist that the new buyers were originally from China but had been living in Victoria for a few years. Two years after selling at a discounted price, the extremely unique residence came back on the market with a list price of $9.5-million. Since then it has had a very strange pricing history, dropping from $9.5-million to $7.98-million and then back up to $8.5-million just months later. The nearly 11,000 square foot residence was custom-built in 2000 in North Saanich for Linda and Ralph Bodine and features formal entertaining rooms, a lavish theatre, indoor swimming pool/conservatory, 4 bedrooms, and 15 bathrooms. It’s listed at $5,980,000 with James Liu. 

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