Naramata beachfront sells after almost 2 years

Monday, June 28th, 2010 at 11:58am. 1521 Views, 0 Comments.

Final price of $1.9 million beats previous year's B.C. assessment by almost $400,000

Naramata
3735 Robinson Point Road, above left Type: detached, 2 bed, 3 bath
Size: 2,130 sq. ft.
B.C. Assessment, July 2009: $1.517 million
Listed for: $2.25 million
Sold for: $1.9 million
Sold on: May 12
Days on market: 714
Listing agent: Maria Peters at Sotheby's International Realty Canada
Buyers agent: Paul Basso at Coldwell Banker Okanagan Realty

The big sell: Recreational properties in the Okanagan area have had a slow time of late, but there are signs of recovery with recent sales such as this inviting beachfront home. It's perched on the edge of Okanagan Lake with a private dock, 70 feet of sandy beach, a manicured garden and west-facing views. Enter through a courtyard with…

Historic King Eddy opens doors to condo residents

Monday, June 28th, 2010 at 11:54am. 1058 Views, 0 Comments.

New owners plan 145 residential suites in luxury hotel

King Edward Private Residences
Location: King Street East
Developer: King Edward Realty Inc.
Size: 500 to 2,000 square feet
Price: low-$400,000s to over $1-million
Contact: To register, visit www.kingedward.ca

Starting June 12, buyers will have a rare opportunity to claim a section of a legendary, century-old hotel – accommodating visiting dignitaries such as Elizabeth Taylor and The Beatles – as their own personal palace.

Under the new ownership of King Edward Realty Inc. – whose partners include Dundee Realty Management Corp., Skyline International Development Inc., Serruya Realty Group Inc. and Alex Shnaider, a principal of Talon International Development – 145 residential suites will be created within the…

Second homes: Imagine Napa Valley with lakes

Friday, June 4th, 2010 at 1:18pm. 1103 Views, 0 Comments.

This part of British Columbia is nicknamed the "Napa Valley of the North," and comparing it with California's winemaking region fits. The Okanagan Valley has emerged as Canada's premier winemaking region and offers amenities associated with wine-country living: sweeping views, wonderful produce, gourmet restaurants, fair weather and many second homes.

There are differences, however: "Napa does not have the lakes we do," says Christa Frosch, who heads the Okanagan Collection and the Vineyard Collection for Sotheby's International Realty in Vancouver, which is a 240-mile drive away. "We have five major lakes and a lot of beaches and waterfront homes."

Another big difference is golf. The Okanagan area has nearly 40 courses and has been one of the…