Victoria Real Estate
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3979 Goldstream Heights Dr

$2,485,000

Mill Bay

Detached7 bd · 5 ba · 5,329 sqftBuilt 2023$466/sqft26 days on market

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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

WasherRefrigeratorRange - GasDishwasherDryerMicrowave

Heating

Heat PumpForced air

Cooling

Wall unitAir Conditioned

Price history

10 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Jun 25, 2026

    Listed $2,485,000

    Active26 days on marketMLS 1039432
  2. Oct 15, 2019

    Listed $429,000

    Cancelled336 days on marketMLS 827107
  3. Jun 26, 2019

    Listed $449,000

    Cancelled263 days on marketMLS 818553
  4. May 14, 2019

    Listed $499,000

    Cancelled306 days on marketMLS 814174
  5. Aug 30, 2017

    $250,000

    Sold216 days on marketMLS 748393
  6. Jan 18, 2016

    Listed $269,000

    Expired348 days on marketMLS 720023
  7. Jan 16, 2013

    Listed $269,000

    Expired349 days on marketMLS 628603
  8. Jan 20, 2012

    Listed $299,000

    Expired346 days on marketMLS 593773
  9. Dec 17, 2010

    Listed $299,000

    Expired365 days on marketMLS 557083
  10. Jan 12, 2010

    Listed $349,000

    Expired108 days on marketMLS 523797

How this listing compares

Based on 71 sales in Mill Bay

Median sold

$1,150,000

Avg days on market

50 days

Avg sale-to-list

97%

Avg $/sqft

$423

Price per square foot

This home: $466/sqftArea average: $423/sqft

Above area average

Current market in Mill Bay

Active (same type)

11

Pending

13

All active listings

26

Months of supply

1.9

Seller's market1.9 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 110.3% of assessed value on average.

Based on 244 recent sales.

Local price trend

How Mill Bay has moved over the last decade.

5378102Aug 2016Jul 2021Jun 2026

Local price index (normalized) · 119 months

Recent nearby sales

12 sales
  • 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

  • 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

  • 4-1723 Sandy Beach Rd

    $1,118,800

    2 bd · 2 ba · 1,719 sqft · $651/sqft · 72 days on market

    Sold Jul 15, 2026 · 97.4% 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

  • 1186 Briarwood Dr

    $850,000

    4 bd · 3 ba · 2,165 sqft · $393/sqft · 73 days on market

    Sold Jul 10, 2026 · 85.1% of list

  • 2514 Kinnoull Cres

    $1,035,000

    4 bd · 3 ba · 2,575 sqft · $402/sqft · 9 days on market

    Sold Jul 8, 2026 · 98.6% of list

  • 2548 Stubbs Rd

    $1,300,000

    5 bd · 4 ba · 3,823 sqft · $340/sqft · 15 days on market

    Sold Jul 6, 2026 · 100.1% of list

  • 625 Sentinel Dr

    $1,285,000

    4 bd · 3 ba · 3,126 sqft · $411/sqft · 11 days on market

    Sold Jun 30, 2026 · 99.6% of list

  • 2486 Glendoik Way

    $1,230,000

    5 bd · 3 ba · 2,944 sqft · $418/sqft · 44 days on market

    Sold Jun 29, 2026 · 98.4% of list

  • 2565 Faulkner Pl

    $1,150,000

    3 bd · 3 ba · 2,962 sqft · $388/sqft · 17 days on market

    Sold Jun 29, 2026 · 100% of list

  • 856 Hayden Pl

    $1,215,000

    4 bd · 3 ba · 4,476 sqft · $271/sqft · 45 days on market

    Sold Jun 29, 2026 · 99.7% of list

What would this home cost?

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Monthly mortgage

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Loan amount

$2,485,000 − $497,000

$1,988,000

Down payment

20.0%

$497,000

Property Transfer Tax

$52,550

Legal / closing (est.)

$1,500

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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More on this listing

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