A gorgeous waterfront property nestled in a celebrity hot spot has come on the market for a whopping $18 million.
The sprawling estate boasts 11 bedrooms and 10 bathrooms across two ‘cottages’ – and comes complete with two boathouses and room for seven boats.
It sits on an eight-acre peninsula jutting out into Lake Muskoka in one of the most desirable areas in Canada.
The region – sometimes referred to as the Hamptons of the North – is known as the summer playground of the rich and famous with recent visitors including David Beckham, Mark Wahlberg and Justin Bieber.
Nestled in a celebrity hot spot, this beautiful waterfront estate has been put on the market for a whopping $18 million
Built in 2000, the sprawling property features a beautiful dining room overlooking the lake (pictured)
The upper level (pictured) has a grand staircase, where you will find a second floor and an art gallery
Owned by one family for decades, the “cottages,” boathouses, and surrounding eight-acre estate are now up for sale for a price tag of just over $18 million.
The lucky new owner will enjoy 650 feet of prime waterfront, two properties and matching two-story boathouses that can comfortably accommodate seven moorings for vehicles for all types of water sports.
It was quoted by Dave Bemmann, Senior Vice President & Broker at The Bemmann Team at Sotheby’s International Realty Canada.
Dave said, ‘This one-of-a-kind Muskoka estate has prestige from the moment you drive through the stone gates, to parking next to a tranquil 20-foot waterfall, to the stunning 270-degree west-facing view of the lake.
And it continues, ‘This well-manicured, architecturally stunning seven-bedroom, eight-bathroom 10,000-square-foot mansion enjoys sensational sunsets and long lake views year-round.’
The main house, built in 2000, features a grand foyer, an exquisite lake view dining room, a formal lake view breakfast room, a Sicilian-inspired chef’s kitchen, a great room with a wraparound terrace complete with walls of windows and walk out.
It also has a palatial den, a spacious waterfront gym, and a three-piece bath, laundry facilities, and a powder room.
The property has been described as ‘a well-maintained 10,000-square-foot architecturally stunning seven-bedroom, eight-bathroom mansion’
It sits on an eight-acre peninsula jutting out into Lake Muskoka in one of the most desirable areas in Canada
The estate agent said the mansion enjoys sensational sunsets and expansive lake views all year round.
The estate’s lucky new owner (pictured) will be able to enjoy 650 feet of prime lakefront waterfront
The top floor features a grand staircase, where you’ll find a viewing and art gallery on the second floor, along with a full bedroom suite with stunning views and a six-piece en-suite bathroom.
The lower level hosts a game room, multiple en-suite bedrooms, walkouts, and landscaped stone patios accompanied by a built-in hot tub and gas fireplace.
A completely separate nanny or butler suite above the attached three-car garage allows for full family accommodation with luxurious lake views and property enjoyment.
Plus, the romantic private sunset deck is perfect for enjoying surreal sunsets over Lake Muskoka year-round.
There is also a second cottage that ‘amply accommodates guests hosting three additional bedrooms and two bathrooms, with a large garage for all the extra toys’.
The estate is surrounded by nature and impeccably landscaped gardens. This private estate is located just five minutes from the town of Bracebridge and 15 minutes from the ‘Hub of the Lakes’, Port Carling.
Steve Haid, real estate agent and managing partner of PSR Brokerage Muskoka, said: ‘This is one of the most beautiful and unique cottages to have ever hit the market for sale in Muskoka in recent times.
Plus, the romantic private sunset deck is perfect for enjoying surreal sunsets over Lake Muskoka year-round
The eight-hectare estate is surrounded by nature and is tucked away in impeccably landscaped grounds
The two-story boathouses can comfortably accommodate seven berths for vehicles for all types of water sports (one pictured)
The two-story boathouses can comfortably accommodate seven berths for vehicles for all types of water sports (one pictured)
‘It has to be seen to be believed and is a perfect playground for families, investors and even those looking to rebuild or renovate.
‘Muskoka is just two hours north of Toronto and is one of the most beautiful places in Ontario and indeed in all of Canada.’
The area is known for attracting celebrities such as Stephen Spielberg, Justin Bieber, Goldie Hawn, Kurt Russel, Tom Hanks, and many others who own properties on one of the three major lakes, including Lake Muskoka, Lake Rosseau, and Lake Joseph.
He said: ‘The cottages themselves vary drastically from modern new build homes to classic traditional style houses that look like something out of a fairy tale.’
Haid, who fell in love with the area after moving from Toronto, added: “Property ownership in Muskoka has proven itself well in the past due to chronically low supply of housing as property is passed down from generation to generation and many families choose to sell their family home.’
Steve Haid, Realtor and Managing Partner of PSR Brokerage Muskoka, said: ‘This is one of the most beautiful and unique cottages to ever hit the market’
The private estate is just five minutes from the town of Bracebridge and 15 minutes from the ‘Hub of the Lakes’, Port Carling
The region – also known as The Hamptons of the North – is known as the summer playground of the rich and famous with recent visitors including David Beckham, Mark Wahlberg and Justin Bieber
For luxury waterfront properties, prices are down about 25 percent since the market peak in spring 2022, but that was after the staggering average of 100 percent price increases since the start of the pandemic.
The next year should present a great buying opportunity as Muskoka tends to record large capital gains over time.
“The rental market is also an important factor in owning real estate in Muskoka.
‘Rentals and demand are extremely high and many families rent out their cottages when they are not in use.
“As a full-time investment property, you can achieve capitalization rates of up to 10%, depending on the property and area.”
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