5039 Cordova Bay Rd
$4,390,000
Cordova Bay
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About this home
Extraordinary Waterfront Living. Set directly on the sandy shores of Cordova Bay, this striking Malibu-style residence is in a class of its own with panoramic ocean views from every principal room. A smart home blending architectural sophistication with effortless seaside living. Remarkable custom features include a river-rock stream, dramatic up-lit feature wall and unique liquid crystal front door. Sandy Nygaard's thoughtful interior design demonstrates exceptional attention to detail with quality finishes. The chef-inspired kitchen features top-of-the-line appliances, expansive preparation areas and an abundance of storage. French doors from the kitchen and living room allow for seamless flow to the sun-drenched view deck. Offering 4 bedrooms, the home is designed for both comfortable daily living and memorable entertaining. The lower level, with 2 bedrooms and generous gathering spaces for entertaining or family movie nights, opens directly to the oceanside fire pit terrace - perfect for hosting family and friends. A separate gym provides an ideal retreat for fitness enthusiasts. An extraordinary waterfront home in one of Victoria’s most coveted seaside settings. (id:65179)
Property details
From the listing's public record.
Lot size
6,385 square feet
Year built
1982
Taxes
$22,198/yr
Strata / HOA
$0/month
Zoning
Residential
View
Waterfront
Appliances
Heating
Cooling
Parking
Lot
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Oct 28, 2026
Listed $4,390,000
Active2 days on marketMLS 1052868May 13, 2026
Listed $4,500,000
Ddf_delisted162 days on marketMLS 1033902Sep 14, 2011
$2,412,500
Sold123 days on marketMLS 565401
How this listing compares
Based on 91 sales in Cordova BayMedian sold
$1,500,000
Avg days on market
50 days
Avg sale-to-list
95.4%
Avg $/sqft
$545
Price per square foot
Above area average
Current market in Cordova Bay
Active (same type)
26
Pending
4
All active listings
55
Months of supply
3.4
Seller's market — 3.4 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$3,938,000
Homes in Saanich East sell at 102.5% of assessed value on average.
Based on 622 recent sales.
Local price trend
How Cordova Bay has moved over the last decade.
Local price index (normalized) · 118 months
Recent nearby sales
12 sales4964 Lochside Dr
$1,438,000
5 bd · 5 ba · 4,706 sqft · $306/sqft · 111 days on market
Sold Oct 29, 2026 · 92.8% of list
711 Wells Rd
$910,000
4 bd · 3 ba · 1,888 sqft · $482/sqft · 14 days on market
Sold Oct 22, 2026 · 98.4% of list
5186 Sapphire Rd
$2,225,000
4 bd · 4 ba · 3,160 sqft · $704/sqft · 19 days on market
Sold Oct 20, 2026 · 96.7% of list
1002 Walema Ave
$990,000
4 bd · 2 ba · 1,737 sqft · $570/sqft · 13 days on market
Sold Oct 19, 2026 · 99.1% of list
772 Wesley Crt
$1,550,000
5 bd · 3 ba · 4,046 sqft · $383/sqft · 87 days on market
Sold Oct 16, 2026 · 98.1% of list
5351 Parker Ave
$5,200,000
3 bd · 4 ba · 5,029 sqft · $1,034/sqft · 24 days on market
Sold Oct 15, 2026 · 92% of list
4902 Lochside Dr
$1,369,900
4 bd · 2 ba · 2,305 sqft · $594/sqft · 11 days on market
Sold Oct 9, 2026 · 100% of list
5060 Del Monte Ave
$1,470,000
4 bd · 3 ba · 3,751 sqft · $392/sqft · 10 days on market
Sold Oct 1, 2026 · 101.4% of list
4770 Amblewood Dr
$1,389,900
2 bd · 2 ba · 3,424 sqft · $406/sqft · 82 days on market
Sold Oct 1, 2026 · 99.3% of list
5097 Cordova Bay Rd
$3,250,000
3 bd · 4 ba · 3,044 sqft · $1,068/sqft · 17 days on market
Sold Oct 1, 2026 · 100% of list
5208 Harold Green
$1,363,500
4 bd · 3 ba · 3,131 sqft · $435/sqft · 3 days on market
Sold Oct 1, 2026 · 97.5% of list
5281 Santa Clara Ave
$1,301,179
5 bd · 5 ba · 2,951 sqft · $441/sqft · 18 days on market
Sold Sep 29, 2026 · 93% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$4,390,000 − $878,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$1,017,000
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 Sotheby's International Realty Canada