West Vancouver’s Iconic Yacht-Garage Mansion Slashes $7M After 827 Days—What Ultra-Luxury Sellers Are Getting Wrong

The waterfront estate at 5363 Kew Cliff Road in West Vancouver has entered its third year on the market with a dramatic price adjustment, now asking $19.99 million after debuting at $26.9 million in February 2024. The 827-day marketing period and $6.91 million reduction represent one of the most significant price corrections in the North Shore ultra-luxury segment this year. The property last traded for $20 million in 2016, setting a West Vancouver record at the time, which means the current pricing nearly matches its previous decade-old benchmark despite inflation and substantial carrying costs over the intervening years.

The mansion's standout feature—a hydraulically operated "yacht garage" capable of launching a 50-foot vessel in approximately 10 minutes—represents marine infrastructure likely impossible to replicate under current zoning and environmental regulations. The 11,264-square-foot residence spans three storeys on three-quarters of an acre of west-facing waterfront, featuring dual indoor and outdoor pools, an elevator descending to the boat facility, an 8,000-gallon koi pond, and a five-car heated garage. Originally constructed over five years at approximately $2,000 per square foot, the home exemplifies the bespoke trophy properties that defined West Vancouver's luxury boom but now face a fundamentally different demand environment.