Biggest downtown Vancouver penthouse sold for 55 percent less than original $20.5 million asking price

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      The biggest penthouse in downtown Vancouver has a new owner, finally.

      The two-level apartment at the Emeral West condo tower sold after 85 days on the market following its last listing.

      The five-bedroom and nine-bath luxury digs went for $9,250,000.

      Tracking by real-estate site shows that 3101-717 Jervis Street was marketed for a way higher price more than three years ago.

      The 9,186-square-foot penthouse was listed on August 7, 2018 for $20.5 million.

      The property did not sell, and the listing expired on January 2, 2019 with a lower price of $17,888,000.

      A new listing was made on January 28, 2019, and the price was reduced to $16.5 million. The listing expired on July 1 during the same year.

      The penthouse returned to the market on May 19, 2021, with a lower price of $14 million. The listing was terminated on July 20.

      On the same day, the property was listed again, this time with an even lower price of $11,999,900.

      Zealty tracking indicates that the condo sold on October 13 for $9,250,000, which is 22.9 percent less than the last list price.

      Compared to its previous price of $20.5 million, the sold price was nearly 55 percent lower.

      Previous to this recent sale, 3101-717 Jervis Street was last sold on June 28, 2014 for $5,180,000.

      The penthouse offers unobstructed views of Burrard Inlet.

      The listing advertised the apartment as “everything and more when looking for executive living in the sky”.

      Features include a library and a piano lounge.

      It has a 2021 assessment of $8,945,000.