3979 Goldstream Heights Dr
$2,485,000
Mill Bay
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About this home
Set atop 23.7 breathtaking acres with panoramic views across the Saanich Inlet, the ocean, and surrounding mountains, this extraordinary private estate presents one of Vancouver Island's most compelling lifestyle opportunities. Offering complete privacy, remarkable versatility, and subdivision potential, this is a legacy property designed for generations to enjoy. The custom-built 3,300 sq.ft. rancher is thoughtfully designed for effortless main-level living, offering 3 bedrooms, 3 bathrooms, and an expansive family/flex room intentionally planned to accommodate two additional bedrooms if desired. Already roughed in for a media room, the space adapts seamlessly to your family's evolving needs. Radiant in-floor heating, an efficient heat pump, and a low-maintenance design deliver year-round comfort with effortless ownership. Adding tremendous value, the detached suite and accessory building bring in over $5,000/month. Perfect for multigenerational living, executive guests, rental income, or private home offices, that provides exceptional flexibility. A detached 1,695 sq.ft. garage offers abundant space for collectors, rec vehicles, boats, workshops, or virtually any hobby imaginable. Resort-inspired outdoor living is equally impressive. A spectacular infinity-edge pool appears to merge with the endless views beyond, while the private putting green, expansive patios, and beautifully landscaped grounds create an atmosphere worthy of a luxury retreat. Whether entertaining on a grand scale or enjoying complete solitude, every space has been designed to celebrate the remarkable setting. Offering luxury, income potential, extensive outbuildings, future subdivision possibilities, and an unmatched level of privacy just a short drive from Victoria, this is far more than a home—it is an opportunity to create the lifestyle you've always envisioned. Properties of this scale, flexibility, and calibre rarely become available. (id:65179)
Property details
From the listing's public record.
Lot size
23.78 acres
Year built
2023
Taxes
$6,870/yr
Zoning
Other
Appliances
Heating
Cooling
Price history
10 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jun 25, 2026
Listed $2,485,000
Active46 days on marketMLS 1039432Oct 15, 2019
Listed $429,000
Cancelled336 days on marketMLS 827107Jun 26, 2019
Listed $449,000
Cancelled263 days on marketMLS 818553May 14, 2019
Listed $499,000
Cancelled306 days on marketMLS 814174Aug 30, 2017
$250,000
Sold216 days on marketMLS 748393Jan 18, 2016
Listed $269,000
Expired348 days on marketMLS 720023Jan 16, 2013
Listed $269,000
Expired349 days on marketMLS 628603Jan 20, 2012
Listed $299,000
Expired346 days on marketMLS 593773Dec 17, 2010
Listed $299,000
Expired365 days on marketMLS 557083Jan 12, 2010
Listed $349,000
Expired108 days on marketMLS 523797
How this listing compares
Based on 75 sales in Mill BayMedian sold
$1,150,000
Avg days on market
47 days
Avg sale-to-list
97.1%
Avg $/sqft
$431
Price per square foot
Above area average
Current market in Mill Bay
Active (same type)
13
Pending
8
All active listings
29
Months of supply
2.1
Seller's market — 2.1 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$2,351,000
Homes in Malahat & Area sell at 110.8% of assessed value on average.
Based on 237 recent sales.
Local price trend
How Mill Bay has moved over the last decade.
Local price index (normalized) · 119 months
Recent nearby sales
12 sales943 Deloume Rd
$1,020,000
3 bd · 2 ba · 1,684 sqft · $606/sqft · 20 days on market
Sold Aug 10, 2026 · 98.1% of list
620 Kilmalu Rd
$810,000
2 bd · 1 ba · 1,043 sqft · $777/sqft · 15 days on market
Sold Aug 10, 2026 · 97.7% of list
612 Kilmalu Rd
$1,826,000
5 bd · 4 ba · 3,064 sqft · $596/sqft · 42 days on market
Sold Aug 5, 2026 · 93.6% of list
2484 Gibbs Pl
$1,240,000
3 bd · 3 ba · 2,883 sqft · $430/sqft · 21 days on market
Sold Aug 5, 2026 · 98% of list
880 Pratt Rd
$1,140,000
4 bd · 3 ba · 3,030 sqft · $376/sqft · 54 days on market
Sold Aug 4, 2026 · 99.1% of list
2905 Wilkinson Rd
$1,111,000
4 bd · 2 ba · 2,234 sqft · $497/sqft · 15 days on market
Sold Jul 31, 2026 · 101.5% of list
371 Mccurdy Dr
$1,290,000
4 bd · 5 ba · 6,039 sqft · $214/sqft · 41 days on market
Sold Jul 30, 2026 · 90.5% of list
2520 Staats Pl
$915,000
3 bd · 2 ba · 2,155 sqft · $425/sqft · 23 days on market
Sold Jul 29, 2026 · 97.3% of list
654 Sentinel Dr
$1,105,000
4 bd · 4 ba · 6,261 sqft · $176/sqft · 124 days on market
Sold Jul 20, 2026 · 100% of list
899 Frayne Rd
$1,446,000
5 bd · 4 ba · 5,432 sqft · $266/sqft · 40 days on market
Sold Jul 16, 2026 · 95.1% of list
1067 Briarwood Cres
$1,300,000
7 bd · 4 ba · 5,089 sqft · $255/sqft · 1 day on market
Sold Jul 15, 2026 · 100.1% of list
3070 Beachfront Cres
$4,320,000
4 bd · 5 ba · 7,315 sqft · $591/sqft · 18 days on market
Sold Jul 15, 2026 · 96% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$2,485,000 − $497,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$551,050
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 RE/MAX Camosun