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Calgary show home loaded with frills sells for $500,000 under asking Add to ...

348 SPYGLASS WAY, CALGARY

ASKING PRICE $3.95-million

SELLING PRICE $3.45-milllion

TAXES not available

DAYS ON THE MARKET 168

LISTING AGENT Gary Wade, Wolf Custom Homes

The action

It’s been a long road for this custom home in the Watermark at Bearspaw. Built as a show home for the development, it was then put on the market and listed at $4.5-million. Several offers came in, but all fell apart at the financing stage. Marked down to $3.95-million, it finally sold late last fall to a buyer who managed to carve another $500,000 off the list price.

What they got

In a luxury community with parks, plaza and sports facilities, Wolf Custom Homes earmarked a premium 0.43-acre lot abutting a pond to craft this Mediterranean Revival-style estate with high-calibre workmanship, from its stone façade with arched iron entry doors to its circular wine cellar with curved racking.

Inside the 5,812-square-foot residence with a four-car garage is a three-bedroom and six-bathroom plan with outdoor living rooms off nearly all public quarters and an attached two-storey carriage house with its own entrance, entertaining and cooking facilities, bedroom and bathroom.

Core entertaining areas consist of a fireside great room with vaulted fir-beamed ceilings, adjacent dining and hearth rooms and a kitchen connected to a conservatory and fully enclosed outdoor kitchen and living area.

Down in the 2,832-square-foot basement are two guest suites, screening, recreation and billiards rooms.

The agent’s take

“It was our show home, so we decided to go above and beyond to do something no one had ever done and shock the industry here,” says vice-president and general manager of Wolf Custom Homes, Shaun Mckernan.

“We’ll never build it again, but if we do, it would be altered. We don’t like to do the same plan twice. We try to keep everything custom.”

While neighbouring homes average $2-million, this one has all the bells and whistles, such as a secondary island with a crushed Italian beach glass baker’s counter and an aromatherapy steam shower off the gym.“We did a wine room that was open to below, so on the main floor, you could look down. It almost looked like its own little building,” Mr. Mckernan adds.

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