A sprawling estate with a French-style mansion known as Chateau du Lac on Nita Lake in Whistler is to be sold in a no-reserve online auction August 7-10.
The property has failed to find a buyer since it was listed for $25.9 million in January. Global luxury real estate auction house Concierge Auctions is working with the current listing agent Maggi Thornhill to sell the property. In an unusual move for Canadian real estate, the home will go to the highest bidder in the online auction, regardless of how much the top bid is for.
The mansion was built in 2000 and sits on nearly five acres of wooded waterfront property. The huge lot, which is reached by its own private road called Nita Lane, takes up one-fifth of Nita Lake’s frontage at 1,000 feet of lakefront, and has incredible water and mountain views. Nita Lake is one of only four lakes in Whistler that have residental waterfront properties.
The house has 5,570 square feet of lavish interior space plus a separate coach house with loft bedroom, as well as garages and extensive terraces – totalling more than 10,000 square feet of indoor and outdoor living space. On top of the running costs of this imposing estate, the property taxes for 2017 totalled $44,140.39.
The online auction will be held August 7-10, with the home going to the highest bidder after the auction has closed. According to the website, bids made are final and binding. The winning bidder will have to pay Concierge a 12 per cent fee on top of the purchase price, but will also receive an incentive bonus from the seller of 12 per cent of their initial (not necessarily closing) bid.
There is an open house for interested parties to tour the property in person on Thursday July 26. More information, plus listing photos and video tour, and how to sign up for the auction, at Concierge's dedicated web page.
For those who just want to take a peek, here's a selection of photos of this luxurious home.