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
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3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.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
Active4 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 71 sales in Mill BayMedian sold
$1,182,000
Avg days on market
48 days
Avg sale-to-list
97%
Avg $/sqft
$428
Price per square foot
Above area average
Current market in Mill Bay
Active (same type)
14
Pending
10
All active listings
28
Months of supply
2.4
Seller's market — 2.4 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 111.8% of assessed value on average.
Based on 223 recent sales.
Local price trend
How Mill Bay has moved over the last decade.
Local price index (normalized) · 119 months
Recent nearby sales
12 sales858 Bucktail Rd
$1,100,000
3 bd · 3 ba · 3,904 sqft · $282/sqft · 71 days on market
Sold Aug 24, 2026 · 95.7% of list
2550 Seaview Rd
$1,475,000
4 bd · 3 ba · 4,546 sqft · $324/sqft · 8 days on market
Sold Aug 17, 2026 · 98.4% of list
2468 Arken Terr
$1,290,000
3 bd · 3 ba · 2,487 sqft · $519/sqft · 19 days on market
Sold Aug 17, 2026 · 99.6% of list
2554 Stubbs Rd
$1,276,000
4 bd · 3 ba · 2,892 sqft · $441/sqft · 14 days on market
Sold Aug 14, 2026 · 98.2% of list
1717 Arbutus Terr
$1,655,300
5 bd · 4 ba · 6,010 sqft · $275/sqft · 68 days on market
Sold Aug 14, 2026 · 97.4% 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
943 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
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
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
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
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