Whistler’s real-estate market set another record this week, after a luxury condo changed hands for $9.3 million.
The condo, located in the Four Seasons private residences in the Benchlands neighbourhood, is a 2,529-square-foot, 3.5-bedroom, four-bathroom residence on Blackcomb Way built in 2005.
The condo was originally listed at $9.38 million, and was on the market for 162 days – a relatively short amount of time for the luxury sector.
The sale number puts the value-per-square-foot at $3,677, which, according to selling agent, John Ryan of the Whistler Real Estate Company, makes it the third-highest price-per-square-foot in Whistler’s overall residential real estate history—and that could be because of its location and aspect.
“Residence 37 is unique in that it's a corner unit,” said Ryan.
“You have two walls of glazing which obviously gives great light.”
Ryan said the sale amount means Whistler offers (relative) value compared to similar properties at similar resorts on a square-foot basis.
“If we looked at a similar sale in the Four Seasons Private Residences, Vail, we're looking at about $1,670 a square foot more for very, very similar products,” he said.
For reference, a comparable residence in Vail sold for $14,175,000 in August last year.
The buyer's agent was Marika Koenig, also of the Whistler Real Estate Co.
The new owner of the unit at the Four Seasons private residences in Whistler will enjoy all the benefits of effectively living in a five-star hotel with all the trimmings, such as 24-hour room service, a health club, outdoor pool and hot tubs.
The residences allow for unlimited owner usage, but owners can also rent it out as part of the Four Seasons if they choose, which Ryan said “generate incredible revenue” with peak-season rentals.
They might need it—the monthly strata costs of the property are $3,939, and it incurs $27,591 in property taxes yearly.
