A landmark Vancouver property, the nearly 100-year-old “The Gables Estate,” has been re-listed on the market for a remarkable price of $27.5 million. Located at 2106 SW Marine Drive, this expansive estate combines historical grandeur with modern luxury, standing as one of British Columbia’s most valuable residential properties.
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This article details the property’s listing history, its current valuation, and the exceptional features that command such a high price tag in the Vancouver luxury real estate market.
The Price Tag and Market Context
The Gables Estate was first listed at $27.5 million over a year ago and refreshed at the same price on June 10, 2024. While this figure is substantial, it provides an interesting point of comparison to its last sale. The property changed hands in 2018 for $23 million, which was slightly below its then-asking price of $24.75 million, according to Zealty data. The current asking price represents a significant premium over the 2018 sale price, reflecting either market appreciation or potential improvements made since the last transaction.
Property Details and Features
Described in the listing as the “pinnacle of luxury,” The Gables Estate spans a massive 10,709 square feet and sits on an impressive 4.25 acres of meticulously landscaped land.
Exterior view of The Gables Estate in Vancouver, showcasing its historical architecture and sprawling grounds.
The residence boasts six bedrooms and nine bathrooms, offering ample space and privacy. A key highlight is the 65-foot infinity pool, designed to appear to merge seamlessly with the horizon, offering sweeping views towards the Gulf Islands.
An aerial perspective highlights the extensive property size and the stunning infinity pool with views.
Despite its 1929 construction, the home has clearly undergone significant updates and maintenance to blend modern design elements while preserving its historical character. The interiors are described as well-maintained and thoughtfully staged to showcase the luxury lifestyle the property offers.
Beyond the core living spaces, the estate features upscale amenities expected in a property of this calibre. These include a dedicated home theatre for cinematic experiences and a wine cellar perfect for enthusiasts.
Interior image showing a luxurious living space within the historic Gables Estate home.
Assessment Value and History
An analysis of the property’s assessment history provides insight into its perceived value trajectory. BC Assessment currently values the property at $24,301,000 as of its most recent assessment. This valuation places The Gables Estate among the top 100 highest-valued properties in British Columbia.
The assessment history reveals a dramatic increase in value between 2016, when it was assessed at $9,903,000, and 2017, when the value nearly doubled to $18,002,000. This significant jump often indicates that substantial renovations or improvements were completed during that period, enhancing the property’s overall value. The land alone is assessed at $14,787,000, highlighting the significant value of the expansive acreage in the desirable SW Marine Drive area.
A view focusing on the expansive gardens and landscaped areas surrounding the luxury Vancouver property.
Distinct Living Spaces and Outdoor Paradise
The interior design offers a variety of distinct living areas, each crafted to suit different moods and activities, from formal entertaining to relaxed lounging.
An interior photo showcasing a unique, well-appointed living room space.
The outdoor spaces are a major draw, featuring numerous expertly manicured gardens and landscaped areas that provide a private, park-like setting.
Detailed view of the exquisite landscaping and manicured gardens on the estate.
The property boasts a private park accessible via forested paths, offering secluded natural beauty. For recreational pursuits, there’s a putting green for golf enthusiasts and stunning botanic gardens.
The putting green feature visible among the lush landscaping, perfect for golf practice.
The home also includes a dedicated space adaptable for fitness activities or dance practice.
A spacious room suitable for a home gym or activity space within the luxury residence.
The listing highlights The Gables Estate as an “unmatched treasure among Vancouver’s elite homes,” describing it as a “symphony of opulence and elegance” and a “once-in-a-lifetime offering.” The re-listing at $27.5 million positions it as a premier opportunity in the high-end market for buyers seeking historical significance, extensive acreage, and unparalleled luxury features.
