489 Lakeshore Rd E
Old Oakville, Oakville, L6K 1G4
FOR SALE
$27,850,000
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4 + 1
BEDROOMS8
BATHROOMS3
KITCHENS22
ROOMSW8183300
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Property Description
Welcome to 489 Lakeshore Road East, a truly rare and exceptional estate crafted by the renowned Ferris Rafauli, nestled in the prestigious enclave of southeast Oakville along the serene shores of Lake Ontario. This rare one-acre property boasts a remarkable 16,000+ square foot steel-frame home, meticulously designed to showcase unparalleled craftsmanship and timeless elegance. Every detail of this exquisite residence speaks to a dedication to luxury living, from its concrete structure to its five bedrooms and eight baths, eight fireplaces, three kitchens, and elevator for seamless access to all levels. Indulge in the ultimate relaxation with amenities such as a Versace inspired indoor pool, built-in spa and gym, dry sauna, and cabana with a full kitchen. The property also features a four-car garage, 600-amp electrical service, in-floor heating, and cutting-edge building operation systems, all complemented by award-winning landscaping.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-07-30 | 2021-08-07 | 8 | $3,588,000 | $3,450,000 | Sold |
| 2020-08-28 | 2021-03-04 | 189 | $21,999,000 | $18,620,000 | Sold |
| 2020-03-02 | 2020-10-22 | 233 | $3,550,000 | $3,250,000 | Sold |
| 2019-08-01 | 2020-07-31 | 365 | $21,999,000 | - | Expired |
| 2019-08-01 | 2019-11-15 | 106 | $3,850,000 | - | Terminated |
| 2018-08-01 | 2019-07-31 | 364 | $20,999,000 | - | Expired |
Extras
Schedule C to be provided with showing or by approved request.
Property Features
Level, Wooded/Treed
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
5000+
Lot Size
152' x 288'
Acreage
.50-1.99
Fronting
North
Taxes
$113,541 (2023)
Basement
Finished, Full
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Indoor
Elevator
Yes
Parking Spaces
12
Driveway
Circular
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 20.01' x 32.35' | Fireplace, W/O To Garden |
| Kitchen | Main | 18.34' x 20.01' | Breakfast Area, W/O To Garden |
| Dining | Main | 16.01' x 23.65' | |
| Family | Main | 18.01' x 19.91' | Fireplace |
| Prim Bdrm | 2nd | 20.01' x 20.51' | Fireplace, 6 Pc Ensuite, W/O To Terrace |
| Sitting | 2nd | 16.67' x 19.00' | Fireplace, W/O To Terrace |
| 2nd Br | 2nd | 16.57' x 24.67' | 4 Pc Ensuite, W/O To Balcony |
| 3rd Br | 2nd | 17.91' x 19.91' | 3 Pc Ensuite, W/O To Balcony |
| 4th Br | 2nd | 13.42' x 17.91' | W/O To Balcony |
| Laundry | 2nd | 10.43' x 14.67' |
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Oakville Market Statistics
Oakville Price Trend
489 Lakeshore Rd E is a 4-bedroom 8-bathroom home listed for sale at $27,850,000, which is $25,607,564 (1,142.0%) higher than the average sold price of $2,242,436 in the last 30 days (November 2 - December 1). During the last 30 days the average sold price for a 4 bedroom home in Oakville increased by $351,825 (18.6%) compared to the previous 30 day period (October 3 - November 1) and up $88,236 (4.1%) from the same time one year ago.Inventory Change
There were 220 4-bedroom homes listed in Oakville over the last 30 days (November 2 - December 1), which is up 52.8% compared with the previous 30 day period (October 3 - November 1) and up 113.6% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Oakville typically sold ($70,688) (3.2%) below asking price over the last 30 days (November 2 - December 1), which represents a $5,752 increase compared to the previous 30 day period (October 3 - November 1) and ($84,496) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Oakville over the last 30 days (November 2 - December 1) stood at 40.9%, down from 56.2% over the previous 30 days (October 3 - November 1) and down from 42.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 8-bathroom home in Oakville stood at 27 days when successfully sold over the last 30 days (November 2 - December 1), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Engel & Volkers Toronto City
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