221 Marine Dr
$2,450,000
Cobble Hill
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About this home
Foreign Buyer Ban and Foreign Buyer Tax EXEMPT!!! Welcome to an exceptional custom-built waterfront residence in the prestigious gated community of Arbutus Ridge. Thoughtfully designed for effortless aging in place, this stunning 2,640 sq.ft. home offers comfortable main-level living while providing generous space for family and guests on the lower level. Perfectly positioned on coveted Marine Drive, one of the community's rare waterfront locations, the home enjoys breathtaking, unobstructed 180-degree ocean views. Expansive entertainment-sized decks on both levels invite year-round enjoyment, including a spectacular upper deck complete with an automatic awning. The main floor showcases an outstanding chef's kitchen with premium appliances, rich oak flooring, soaring ceilings, extensive Pella windows and doors, integrated Sonos audio, custom window coverings, sophisticated lighting zones with dedicated art lighting, and a hidden TV lift system for seamless living and entertaining. The luxurious primary suite features a spa-inspired ensuite with heated floors, a spacious dressing room, and conveniently integrated laundry. A beautiful office with double French doors opening to a sunny west-facing courtyard offers flexibility as a second main-floor bedroom. The walk-out lower level is ideal for guests, featuring a large family room, two bedrooms, a full bath with heated floors, rough-ins for a second laundry, and a stunning glass sunroom with fully opening doors that blur the line between indoor and outdoor living. Additional highlights include extra-wide doorways, a double garage, heat pump, two gas fireplaces, and exceptional attention to detail throughout. This is a rare opportunity to enjoy elegant waterfront living, spectacular views, and a thoughtfully designed home that combines luxury, comfort, and ease of living. (id:65179)
Property details
From the listing's public record.
Lot size
6,045 square feet
Year built
2011
Taxes
$7,210/yr
Strata / HOA
$500/month
Zoning
Residential
Heating
Cooling
Parking
Community
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jun 6, 2026
Listed $2,450,000
Active45 days on marketMLS 1039508Feb 3, 2003
$156,000
Sold91 days on marketMLS 295064Nov 27, 1992
$145,900
Sold132 days on marketMLS 37822
How this listing compares
Not enough recent sales in this area for reliable stats.
Current market in Cobble Hill
Active (same type)
14
Pending
0
All active listings
45
Months of supply
—
Assessment
From publicly available property records.
Assessed value
$1,361,000
Recent nearby sales
1 sale6-2046 Widows Walk
$740,000
1 bd · 1 ba · 742 sqft · $997/sqft · 12 days on market
Sold Jun 15, 2026 · 98.7% of list
What would this home cost?
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Estimate
Monthly mortgage
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Loan amount
$2,450,000 − $490,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$543,000
Down payment + PTT + GST + legal estimate.
Estimates only, based on current BC rates and thresholds. Not tax, legal, or financial advice. Property transfer tax exemptions have eligibility requirements — confirm with a lawyer or notary. GST rebates on new construction are not modelled here. Mortgage payment uses Canadian semi-annual compounding and excludes property tax, home insurance, and CMHC mortgage insurance.
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Interested in this home?
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Listed by Sotheby's International Realty Canada