Asking price drops $7M on luxurious Lake Country waterfront home

The Waterside Farm, a home on an acreage that’s for sale in Lake Country, has seen a drop in its asking price from $55 million to $48 million.

Staff at Jane Hoffman Realty, which has the listing, could not comment on why the price change was made. A text message from the firm earlier this year said the owners are very private people.

READ MORE: IN VIDEO: This Lake Country home could be the most expensive in the B.C. Interior

The 20,306 square foot main house has a 4,163 square foot guest wing. There’s also an 1,820 square foot caretaker's residence.

It sits on 8.55 acres of land at 12390 Pixton Rd. It has a peach orchard and 850 feet of waterfront on Okanagan Lake.

The home was assessed by B.C. Assessments at $5.2 million as of July 2020.

Jane Hoffman Realty specializes in high-end homes and has 14 houses listed for more than $6 million on its website. Eight are marked sold.

The Waterside Farm is, by far, the most expensive but there is one on the Upper Mission listed for $21 million.

In February, Jane Hoffman Realty sold a home at 4800 Lakeshore Rd. in Kelowna for $11.33 million. It had been listed for sale at almost $14 million.

READ MORE: UPDATE: This is the second most expensive home ever sold in the Okanagan

That was the second most expensive home sold in the Okanagan. Another house, at 12990 Pixton Rd., sold for $12 million in 2019.

Hoffman does not have a monopoly on luxury homes but she may be in for some stiff competition as Faith Wilson/Christie’s International Real Estate has launched a major expansion of its operations in the Okanagan.

READ MORE: Okanagan luxury homes attract high-end realtor Christie’s

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