Over $5 million slashed off price of West Vancouver luxury home listed last summer at almost $15 million

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      No one can doubt that the West Vancouver home rests on solid ground.

      According to the listing for 5235 Gulf Place, the three-level residence was “masterfully built from the existing rock face” in the waterfront area.

      The luxury property offers “complete privacy from the street thanks to the large natural rock features, beautifully carved to provide large flat entrance courtyard”.

      The four-bedroom, five-bath home also provides “huge ocean views”, including from an indoor pool at the basement.

      Though the home was carved on rock, its price is not set in stone.

      According to tracking by Zealty.ca, the 6,376-square-foot residence was listed by Engel & Volkers Vancouver on August 10, 2020 for $14,998,000.

      The listing was terminated on September 15.

      A new listing was made by the same realty agency on the same day for a reduced price of $11,998,000.

      On October 21, Zealty.ca, a real-estate information site operated by Holywell Properties, recorded another price reduction, amounting to $2,198,000.

      The current selling price of 5235 Gulf Place is now $9,800,000, down by $5,198,000 from its summer tag.