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1580 Beach Drive, North Oak Bay Oak Bay

Price

$5,990,000

Bedrooms3 Beds

Bathrooms6 Baths

Size8449 sqft

Year Built1993

Property TypeDetached Home

Property Taxes$40,364.91

Description

With its commanding presence, masterful craftsmanship, and breathtaking ocean views, this Oak Bay Estate offers the perfect combination of dramatic coastal beauty and a sense of privacy. Set behind a gated entrance on a lush 0.55-acre lot, this extraordinary residence is a rare coastal treasure. A grand entrance welcomes you with solid wood double doors opening to a soaring 24-foot vaulted foyer with a skylit sitting area and fireplace, creating an unforgettable first impression. Throughout the home, refined millwork blends warm wood tones with crisp white-painted accents, complemented by coffered ceilings that add depth and architectural elegance. Expansive formal living and dining rooms provide exceptional entertaining spaces, while more intimate areas offer comfort and sophistication. The upper level features a primary retreat with a cozy fireplace, arched ceilings, and a six-piece spa-inspired ensuite. A study with its own fireplace opens to a balcony with sweeping ocean views. Two additional bedrooms, each with ensuites and walk-in closets, offer comfort and privacy, while thoughtfully placed laundry adds convenience. The lower level is designed for versatility and leisure, featuring a dance studio, wine cellar, and a dedicated hobby room. Entertain effortlessly in the expansive recreation room with a wet bar, or unwind in the additional bedroom with a full bath and a rejuvenating steam shower. Outdoors, expansive patios overlook a tranquil pond and meticulously landscaped gardens, creating the ideal setting for entertaining or enjoying serene coastal living. The staggered three-car garage harmonizes with the estate’s design while offering ample space and functionality. This exceptional property presents a rare opportunity to own a truly distinguished estate on Oak Bay’s most coveted coastline. (id:39198)

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Listed By

The listing brokerage and/or agent is The Agency

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Property Dimensions


The Property Location

Mortgage Calculator

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Total Monthly Payment

$24,882 / month


Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$4,792,000

Total Interest Payments

$2,954,560

Total Payment (Principal + Interest)

$7,746,560


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Monthly Cash Flow

$300 / month


Monthly Expenses

-$1,700

Monthly Income

$2,000


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Growing up on the island, and settling down in beautiful Victoria, I have a unique perspective on the areas flourishing real estate market. I bought my first property at the young age of 20 and from there went on to buy and sell multiple properties around the area.

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The listing data displayed is deemed reliable but is not guaranteed accurate by CREA®. The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association. Review our MLS® Data Disclosure if you have any further questions