466 Meredith Rd
$7,000,000
Mill Bay
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About this home
This majestic oceanfront estate offers a rare combination of privacy, natural beauty and West Coast contemporary design, featuring a custom-designed main residence and elegant cottage overlooking the spectacular Saanich Inlet. Experience an unparalleled sense of peace as you travel down the private drive and enter more than 9 acres of awe-inspiring forest, home to towering fir trees and abundant natural beauty. Imagine enjoying your morning coffee in the warm sunshine, watching whales pass through the inlet, or strolling along your own private beach. Designed by renowned architect Will Peereboom, the main residence showcases exceptional craftsmanship, thoughtful design and energy efficiency throughout. Vaulted ceilings, exposed fir beams, radiant-floor heating, geothermal technology and a heat pump create a warm and comfortable environment year-round. The chef-inspired kitchen features granite countertops, a breakfast bar and seamless flow into the open-concept living spaces. The luxurious primary suite offers stunning views, a Jacuzzi tub, separate shower, dual sinks, walk-in closet and private balcony. Throughout the home, expansive windows frame breathtaking ocean and forest views, creating a spectacular connection with the surrounding landscape. The property also includes a three-car garage, elegant one bedroom cottage, barn and art studio, providing exceptional flexibility for family, guests, hobbies and creative pursuits. A truly remarkable property that must be experienced in person to appreciate its beauty, scale and serenity. An added advantage: Unlike properties within the CRD, properties in the CVRD are not subject to the Speculation and Vacancy Tax or the Additional Property Transfer Tax applicable to foreign entities and taxable trustees. (id:65179)
Property details
From the listing's public record.
Lot size
9.22 acres
Year built
2002
Taxes
$20,393/yr
Zoning
Residential
View
Waterfront
Appliances
Heating
Parking
Lot
Style
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Aug 26, 2026
Listed $7,000,000
Active65 days on marketMLS 1047637May 1, 2019
Listed $4,200,000
Cancelled184 days on marketMLS 812699Nov 1, 2018
Listed $5,580,000
Cancelled365 days on marketMLS 800845
How this listing compares
Based on 74 sales in Mill BayMedian sold
$1,150,000
Avg days on market
48 days
Avg sale-to-list
96.9%
Avg $/sqft
$412
Price per square foot
Above area average
Current market in Mill Bay
Active (same type)
12
Pending
0
All active listings
24
Months of supply
1.9
Seller's market — 1.9 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$3,654,000
Homes in Malahat & Area sell at 111.9% of assessed value on average.
Based on 218 recent sales.
Local price trend
How Mill Bay has moved over the last decade.
Local price index (normalized) · 118 months
Recent nearby sales
12 sales675 Kilmalu Rd
$835,000
2 bd · 2 ba · 2,464 sqft · $339/sqft · 33 days on market
Sold Oct 29, 2026 · 98.2% of list
3325 Telegraph Rd
$1,391,250
4 bd · 3 ba · 4,122 sqft · $338/sqft · 141 days on market
Sold Oct 29, 2026 · 97.3% of list
804 Bucktail Rd
$1,030,000
5 bd · 3 ba · 3,856 sqft · $267/sqft · 34 days on market
Sold Oct 8, 2026 · 97.3% of list
2497 Cayman Pl
$931,200
5 bd · 3 ba · 3,497 sqft · $266/sqft · 41 days on market
Sold Sep 30, 2026 · 98.2% of list
875 Pratt Rd
$1,285,000
3 bd · 3 ba · 3,746 sqft · $343/sqft · 11 days on market
Sold Sep 29, 2026 · 98.8% of list
2499 Blairgowrie Rd
$1,155,000
3 bd · 2 ba · 2,915 sqft · $396/sqft · 12 days on market
Sold Sep 28, 2026 · 100.4% of list
721 Noowick Rd
$775,000
3 bd · 2 ba · 2,507 sqft · $309/sqft · 17 days on market
Sold Sep 28, 2026 · 97% of list
946 Gillespie Pl
$1,506,500
4 bd · 4 ba · 4,071 sqft · $370/sqft · 52 days on market
Sold Sep 15, 2026 · 94.2% of list
2581 Seaview Rd
$999,000
3 bd · 4 ba · 2,301 sqft · $434/sqft · 9 days on market
Sold Sep 11, 2026 · 100.4% of list
2513 Glendoik Way
$1,045,000
4 bd · 3 ba · 2,340 sqft · $447/sqft · 63 days on market
Sold Sep 8, 2026 · 95% of list
2635 Mill Bay Rd
$1,240,000
4 bd · 4 ba · 2,886 sqft · $430/sqft · 57 days on market
Sold Sep 4, 2026 · 95.8% of list
2321 Boulding Rd
$1,950,000
4 bd · 3 ba · 4,798 sqft · $406/sqft · 168 days on market
Sold Sep 1, 2026 · 88.6% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$7,000,000 − $1,400,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$1,669,500
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 Sutton Group West Coast Realty