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5200 Polson Terr

$1,875,000

Cordova Bay

Detached5 bd · 4 ba · 2,895 sqftBuilt 1987$648/sqft28 days on market

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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

Mountain viewOcean view

Appliances

WasherRefrigeratorRange - ElectricDishwasherDryerMicrowave

Heating

Baseboard heatersElectric

Lot

Cul-de-sacPrivate setting

Price history

2 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Jun 1, 2026

    Listed $1,875,000

    Active28 days on marketMLS 1036849
  2. Jul 2, 2025

    Listed $2,200,000

    Cancelled65 days on marketMLS 1005136

How this listing compares

Based on 77 sales in Cordova Bay

Median sold

$1,605,000

Avg days on market

52 days

Avg sale-to-list

96.2%

Avg $/sqft

$553

Price per square foot

This home: $648/sqftArea average: $553/sqft

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 market6.4 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.

78103129Jul 2016Jun 2021May 2026

Local price index (normalized) · 119 months

Recent nearby sales

12 sales
  • 5047 Benton Crt

    $1,430,000

    4 bd · 3 ba · 2,373 sqft · $603/sqft · 13 days on market

    Sold Jun 25, 2026 · 98.8% of list

  • 774 Destrube Pl

    $1,850,000

    5 bd · 4 ba · 4,482 sqft · $413/sqft · 13 days on market

    Sold Jun 24, 2026 · 100% of list

  • 5015 Cordova Bay Rd

    $1,175,000

    2 bd · 1 ba · 1,786 sqft · $658/sqft · 77 days on market

    Sold Jun 17, 2026 · 94% of list

  • 5447 Fowler Rd

    $940,000

    2 bd · 2 ba · 2,309 sqft · $407/sqft · 48 days on market

    Sold Jun 15, 2026 · 91.4% of list

  • 5009 Cordova Bay Rd

    $3,275,000

    5 bd · 6 ba · 4,072 sqft · $804/sqft · 28 days on market

    Sold Jun 1, 2026 · 93.7% of list

  • 4758 Amblewood Dr

    $2,000,000

    4 bd · 3 ba · 3,624 sqft · $552/sqft · 3 days on market

    Sold Jun 1, 2026 · 108.2% of list

  • 4882 Lochside Dr

    $993,000

    2 bd · 1 ba · 1,624 sqft · $611/sqft · 171 days on market

    Sold Jun 1, 2026 · 94.6% of list

  • 1266 Oceanwood Lane

    $1,450,000

    3 bd · 3 ba · 3,305 sqft · $439/sqft · 171 days on market

    Sold May 29, 2026 · 96.7% of list

  • 1267 Oceanwood Lane

    $2,100,000

    4 bd · 6 ba · 5,071 sqft · $414/sqft · 230 days on market

    Sold May 29, 2026 · 96% of list

  • 5054 Catalina Terr

    $1,560,000

    5 bd · 4 ba · 3,763 sqft · $415/sqft · 29 days on market

    Sold May 22, 2026 · 97.6% of list

  • 4987 Wesley Rd

    $1,050,000

    4 bd · 1 ba · 7,363 sqft · $143/sqft · 48 days on market

    Sold May 18, 2026 · 87.6% of list

  • 5465 Patricia Bay Hwy

    $1,637,422

    5 bd · 4 ba · 3,013 sqft · $543/sqft · 15 days on market

    Sold May 11, 2026 · 97.8% of list

More on this listing

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