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Sotheby’s International Realty Canada

41 Pine Island Rd., Muskoka Lakes, Ont.

Asking price: $2,295,000 (spring 2020)

Previous asking price: $2,679,000 (August, 2019)

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Selling price: $2,295,000 (June, 2020)

Taxes: $8,944 (2019)

Days on the market: 316

Listing agents: Lucille and Sarah Chenoweth, and Ross Halloran, Sotheby’s International Realty Canada

The action

The main three-bedroom cottage contains the primary kitchen and several lounging areas.

Sotheby’s International Realty Canada

This recreational property on Pine Island is a 10-minute boat ride from three marinas on Lake Muskoka, but only a few buyers ventured over this summer.

COVID-19 delayed the start of boating season, but eight buyer groups made the trip once docks reopened late May.

All three structures on the property have been renovated over the past decade.

Sotheby’s International Realty Canada

“This spring was a huge nightmare because the marinas that put the boats in for people that need to go to the islands, [the government] said they were a non-essential service,” agent Lucille Chenoweth said.

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“People were not able to get out and about with the lockdown … until June and into July. Now, in August, everything in Muskoka that was available [has been] snapped up.”

What they got

Sotheby’s International Realty Canada

The boathouse has two bedrooms and three boat slips.

Sotheby’s International Realty Canada

This 415-foot-by-350-foot property is on the southwest side of the island. It has a private beach, a dock, natural stone landscaping, fire pit, hot tub and bocce court.

There are three structures, with combined living space of about 4,300 square feet. All have been expanded and renovated in the past decade. Each has an updated bathroom and wraparound deck.

The main three-bedroom cottage contains the primary kitchen and several lounging areas, including a screened-in porch with vaulted ceiling and a two-sided stone fireplace.

Both the guest cabin and boathouse have two bedrooms. There are three boat slips and lifts.

The agent’s take

The property's three structures boast a combined 4,300 square feet of living space.

Sotheby’s International Realty Canada

“When you go to that property, you are wowed," Ms. Chenoweth said. “It’s very, very impressive.”

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“[The seller] is a former Miss America who had a Ralph Lauren store in Yorkville. … So they did a major overhaul on the place, added wings and made it very beautiful.”

But the showpiece remains the land and lake. “It had a beach and 415 feet of waterfront," Ms. Chenoweth said. "It had so many lovely features.”

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