“Prestigious Point Grey” – $5,950,000

4550 Marine Drive, Vancouver, British Columbia, Canada, V6R 1B8

When a $5.95 million listing only includes one picture you’ll likely be in for a surprise.  Take this property in Point Grey for example.  The only photo added to the listing is what appears to be direct waterfront (see below) with views of the mountains.  To back this up the first line in the description says “Waterfront property in prestigious Point Grey!”  Add that with the $5,950,000 asking price and one could think you’re actually buying a waterfront property.  However the third sentence contradicts all of that by saying, “Rarely available 60ft frontage across from the beach!”  Yes that’s right, the first sentence is a lie and so is the only the listing photo.  Scroll down to see the listing photo view and the actual view you get.  The description again confuses buyers by saying “Renovate or build your dream home by the beach,” and then, “A great opportunity to own this waterfront property!”  There is a huge difference between owning a true waterfront property and a property across the street from a public beach.

Currently on the property is a 3,999 square foot home dating back to 1949 with 5 bedrooms & 5 bathrooms. The lot measures 0.13 acres (5,956 square feet) and is located a short 16 minute drive from Vancouver, BC.  To see the full listing click here.  Scroll down to see what you could have got in Steamboat Springs, CO for nearly $1 million less than this Point Grey ‘across the street waterfront’ property.

“53 Acre Mountain Estate” – $5,090,000

Steamboat Springs, Colorado, United States

For $860,000 less than the above property in Point Grey, BC you could have purchased this breathtaking private retreat in Steamboat Springs, CO.  Situated on a 53 acre estate overlooking Stagecoach Lake, this massive mountain mansion includes 6 bedrooms, a detached guest house, caretaker’s quarters, geothermal heating, integrated audio throughout, a home theatre, heated indoor pool, gourmet kitchen, antique chestnut flooring & trim, and Ski-in/Ski-out privileges at the exclusive Christie Club.  The chef’s gourmet kitchen is fitted with Viking and Sub Zero appliances, and extremely unique custom cabinets made of reclaimed hemlock from a Pennsylvania barn.  It gets better.  The home’s exterior façade is beautifully constructed from Telluride gold rock, while the two-storey foyer includes a graceful staircase with a Rocky Mountain Forge custom railing.  The incredible private estate went to absolute auction with Grand Estates Auction Company on February 20, 2013 and sold for just $5,090,000…yes you read that right.   To see the full auction details click here.  Which property would you prefer – the $5.95 million ‘across the street waterfront’ property in Point Grey, BC or the expansive 53-acre estate in Steamboat Springs, CO for just $5.09 million?