A luxury residential property, which includes a world-class equestrian facility, in Springbank, just outside Calgary, will be listed for sale for $30 million exclusively by Sotheby’s International Realty Canada.
The iconic Kestrel Ridge Farm, located on 64 hectares near the Elbow River and in Rocky View County, includes an arena, outdoor riding rings and paddocks, confirmed Corinne Poffenroth who will be listing the property with Andy Taylor.
She said the 11,000-square-foot main property is a modern concept luxury log home with six bedrooms, six bathrooms, and a garage for five cars.
It is built on the ridge overlooking the mountains, river valley and equestrian facility.
The main house includes an indoor saltwater swimming pool with hot tub, sauna and steam room. The grounds include a professional sports court for tennis and basketball.
Poffenroth said the property also includes a 3,800-square-foot guest/ranch house and a carriage house above the two-car garage and greenhouse.
“The Calgary luxury market is showing continued strong momentum as we forge into the spring market and the timing of this listing is coinciding with that strong demand not just locally but internationally,” said Poffenroth.
The Calgary residential real estate market set a record last year for most sales ever for $1-million plus MLS properties and it is on pace this year to break that mark.
In 2013, there were 732 MLS transactions at that price point, eclipsing the previous record of 544 in 2012. Last year, there were 10 consecutive months where luxury sales hit all-time highs with the exceptioin of January and February.
Every month this year has set new monthly records
According to Mike Fotiou, associate broker with First Place Realty, the first two weeks in May had 43 luxury home sales indicating the month is on pace to set not only a monthly record but it could also set the record for any month, eclipsing the peak of 83 established in May of last year.
The Kestrel Ridge Farm listing, which will not be on the MLS system, is scheduled to hit the real estate market in early June.
The property is currently owned by Calgary tech entrepreneur Tony Vysniauskas and his wife Julia.
According to the Calgary Real Estate Board, the most expensive residential MLS listing is one currently on the market for $37.88 million for the the Kettle Lakes Ranch, located in the Municipal District of Foothills, which includes a 5,000-square-foot home on 97 hectares of land.