2875 Southey Point Rd
$4,980,000
Salt Spring
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About this home
The south-facing ''Ridge'' House is an architectural icon on Salt Spring Island. With an expansive valley view, and overlooks two natural ponds connected by a seasonal creek with the mountains of Vancouver Island serving as backdrop. nestled in an array of gardens with water features, the design of the Ridge House was inspired by Frank Lloyd Wright. The extensive use of granite, flat rooflines and a rectilinear plan are true to the inspiration, while soaring windows and skylights bring light and nature inside. Renovations include a newer chef's kitchen with Miele appliances; LED lighting and updates to the master Bedroom and ensuite. Patios and decks surround the house. A pastoral setting extraordinaire. (id:65179)
Property details
From the listing's public record.
Lot size
15.05 acres
Year built
1999
Taxes
$18,048/yr
Zoning
Residential
Heating
Parking
Price history
8 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Feb 27, 2026
Listed $4,980,000
Active122 days on marketMLS R3094215Feb 19, 2026
Listed $4,980,000
Active130 days on marketMLS 1026427Apr 24, 2025
Listed $4,980,000
Cancelled237 days on marketMLS 996354Apr 24, 2025
Listed $4,980,000
Expired251 days on marketMLS R2994466Jan 6, 2023
Listed $4,950,000
Expired145 days on marketMLS R2744490Sep 26, 2021
Listed $5,300,000
Expired461 days on marketMLS R2621689Jul 21, 2016
$3,000,000
Sold15 days on market94% of listMLS R2052348Apr 14, 2016
$3,000,000
Sold15 days on marketMLS 52750521
How this listing compares
Based on 97 sales in Salt SpringMedian sold
$1,035,000
Avg days on market
83 days
Avg sale-to-list
94.8%
Avg $/sqft
$549
Price per square foot
Above area average
Current market in Salt Spring
Active (same type)
101
Pending
20
All active listings
175
Months of supply
12.5
Buyer's market — 12.5 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$3,659,000
Land
$960,000
Improvements
$2,699,000
Homes in Gulf Islands sell at 103.9% of assessed value on average.
Based on 154 recent sales.
Local price trend
How Salt Spring has moved over the last decade.
Local price index (normalized) · 119 months
Recent nearby sales
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4 bd · 3 ba · 2,637 sqft · $371/sqft · 118 days on market
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$2,217,000
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Sold May 28, 2026 · 101% of list
Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
Listed by Newport Realty Ltd.