
5200 Polson Terr
$1,875,000
Cordova Bay
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About this home
Welcome to the crown jewel of Cordova Bay… where timeless European elegance meets the stunning natural beauty of Vancouver Island. For the very first time, this cherished family estate is being offered to the market. Lovingly built and maintained by its original Italian owners, every corner of this home radiates pride, craftsmanship, and care. Wake up each morning to unobstructed views of Mount Baker and Haro Strait, stretching endlessly from your full-length, east-facing balconies. Inside, nearly 3,000 square feet of classic design invites you to gather around cozy fireplaces, entertain in elegant spaces, and create your own legacy within these walls. Outside, over 1,000 sqft of patios, koi ponds, and lush landscaping create a tranquil, resort-like retreat—set atop a peaceful hill that offers unmatched serenity and privacy. This isn’t just a home. It’s a rare opportunity to own a piece of Cordova Bay’s soul—gracefully elevated, and rich with story. (id:65179)
Property details
From the listing's public record.
Lot size
13,950 square feet
Year built
1987
Taxes
$7,866/yr
Zoning
Residential
View
Appliances
Heating
Lot
Price history
2 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jun 1, 2026
Listed $1,875,000
Active28 days on marketMLS 1036849Jul 2, 2025
Listed $2,200,000
Cancelled65 days on marketMLS 1005136
How this listing compares
Based on 77 sales in Cordova BayMedian sold
$1,605,000
Avg days on market
52 days
Avg sale-to-list
96.2%
Avg $/sqft
$553
Price per square foot
Above area average
Current market in Cordova Bay
Active (same type)
41
Pending
16
All active listings
77
Months of supply
6.4
Buyer's market — 6.4 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$1,610,000
Homes in Saanich East sell at 101.8% of assessed value on average.
Based on 629 recent sales.
Local price trend
How Cordova Bay has moved over the last decade.
Local price index (normalized) · 119 months
Recent nearby sales
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Interested in this home?
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