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August CollectionMLS® #10376157other

451 Swan Drive

451 Swan Drive, Kelowna, British Columbia

$3,188,000

3,745

Sq Ft

Property Description

Perched on a quiet cul-de-sac, this custom-built home by award-winning Vineyard Developments captures unobstructed panoramic views of Okanagan Lake, the bridge, and the twinkling lights of Kelowna and West Kelowna. Designed for privacy and presence, this 5-bedroom, 4-bath residence blends timeless materials with modern comfort on a generous lot with room to add a pool. A curved entry opens to soaring ceilings, distressed wide-plank hardwood, and floor-to-ceiling windows that frame the view. The great room features a dramatic rock wall with linear gas fireplace, complemented by Lutron lighting and Somfy remote blinds throughout. The chef’s kitchen pairs warm wood and white cabinetry with quartz counters, Bosch and Electrolux appliances, and a large island for six. A butler’s pantry and statement-lit dining area flow to the covered upper deck with wood-inlay ceiling and glass railings—perfect for sunset entertaining. The main-level primary retreat offers coffered ceilings, a custom walk-in closet, and a spa-inspired 5-piece ensuite with heated tile floors, freestanding tub, and glass shower. The walkout lower level is designed for gathering, featuring a sunken rec room with two-sided fireplace, full bar, and three additional bedrooms with deck access. Terraced landscaping, raised garden beds, multiple outdoor living areas, and an oversized double garage complete this exceptional hillside offering. (id:3745)

Description sourced from MLS® listing. Content courtesy of the listing brokerage.

Quick Cost Snapshot

Estimates only — not financial advice. Based on list price with 20% down at 4.5% over 25 years.

$14,176

Est. Monthly Mortgage

$637,600

Down Payment (20%)

Location Highlights

Approximate distances from this property.

Shopping & Dining

Nearby amenities in Kelowna

Schools

Public & private schools nearby

Healthcare

Hospitals & clinics in the area

Parks & Recreation

Outdoor spaces & trails

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Part of the August Collection. Listing data courtesy of Unison Jane Hoffman Realty.

Property Details

TypeSingle Family

Price / Sq Ft$851

CityKelowna

Market Position

Est. $/Sq Ft$851.35

Market TrendStable

Luxury properties in Kelowna, especially those with exceptional views and custom features, typically command a longer marketing period than average, often ranging from 60 to 120 days to find the right discerning buyer.

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Market Intelligence

Independent market analysis powered by August Intelligence. This commentary is not affiliated with the listing brokerage.

Market Analysis

The luxury single-family home market in Kelowna, particularly for properties offering panoramic lake and city views, continues to demonstrate resilience and strong buyer interest. While the broader market has seen some normalization from peak pandemic levels, the high-end segment, characterized by custom builds, prime locations, and premium finishes, maintains a competitive edge. Inventory levels for truly exceptional view properties remain relatively constrained, contributing to sustained demand. Buyers in this segment are often less sensitive to interest rate fluctuations and are primarily seeking lifestyle properties or significant investment opportunities. Properties like 451 Swan Drive, with its unobstructed views and custom-built quality, appeal to a discerning clientele. The market for homes over $3 million in Kelowna has seen consistent activity, driven by inter-provincial migration, a desire for Okanagan lifestyle, and limited supply of comparable offerings. Current market conditions suggest that well-positioned, high-quality homes with desirable features such as potential for a pool and extensive outdoor living spaces are likely to attract serious attention, though pricing must align with recent comparable sales to ensure efficient market absorption. The market is currently stable with pockets of appreciation for exceptional properties.

Price Positioning

At a list price of $3,188,000 for 3745 sq ft, this property is positioned at approximately $851.35 per square foot. This pricing places it within the competitive range for custom-built luxury homes in Kelowna offering unobstructed lake and city views. Given the award-winning builder, high-end finishes, and the potential for a pool, its positioning appears to reflect the premium attributes and desirable location, aligning with recent sales of comparable view properties in the upper echelon of the Kelowna market.

Demand Drivers

Unobstructed panoramic lake, bridge, and city views

Custom-built by award-winning Vineyard Developments

High-end finishes and smart home features (Lutron, Somfy)

Generous lot with room for a pool, enhancing future value

Desirable Kelowna location on a quiet cul-de-sac

Risk Factors

Potential for market corrections in the broader luxury segment

Maintenance costs associated with high-end custom homes and terraced landscaping

Reliance on continued inter-provincial migration and economic stability for sustained appreciation

Competition from new luxury developments with contemporary designs

Property Highlights

Unobstructed panoramic Okanagan Lake, bridge, and city views

Custom-built by award-winning Vineyard Developments

High-end finishes: distressed wide-plank hardwood, quartz counters, Bosch/Electrolux appliances

Smart home features: Lutron lighting, Somfy remote blinds

Multiple outdoor living areas including covered upper deck with wood-inlay ceiling

Walkout lower level with sunken rec room, two-sided fireplace, and full bar

Generous lot with terraced landscaping and room to add a pool

Spa-inspired 5-piece primary ensuite with heated tile floors and freestanding tub

Neighbourhood

Kelowna Insights

Independent neighbourhood analysis by August Intelligence.

The Kelowna neighbourhood encompassing Swan Drive offers a desirable blend of tranquility and accessibility, characteristic of many premium residential areas in the city. Perched on a quiet cul-de-sac, it provides a sense of privacy and exclusivity, while still being conveniently located to Kelowna's vibrant urban core. Residents benefit from proximity to world-class wineries, golf courses, and the recreational opportunities of Okanagan Lake. The lifestyle here is one of sophisticated leisure, with easy access to cultural events, fine dining, and outdoor activities. While walkability directly from this hillside location might be limited, the neighbourhood is a short drive from essential amenities, boutique shopping, and top-rated schools. It attracts professionals, retirees, and families seeking a high quality of life within a picturesque setting, making it a highly desirable address in the Okanagan.

Lifestyle

Life at This Address

Imagine waking up to the soft glow of sunrise painting Okanagan Lake in hues of orange and pink, the bridge a graceful arc across the water, all from the comfort of your primary suite. Your mornings unfold with a sense of serene luxury, perhaps a coffee on the covered upper deck, taking in the expansive views that stretch from the city lights to the distant mountains. This home is an entertainer's dream, from intimate dinners in the statement-lit dining area to grand gatherings where guests spill out onto the deck, captivated by the sunset over the lake. Evenings are designed for relaxation and connection. The great room, with its dramatic rock wall and linear fireplace, invites cozy conversations, while the chef's kitchen ensures every culinary endeavor is a pleasure. Downstairs, the walkout lower level transforms into a vibrant hub for recreation, whether it's a lively game night in the sunken rec room, drinks at the full bar, or simply enjoying the outdoor access from additional bedrooms. This is a home where privacy is paramount, yet every space is crafted for memorable moments. Life at 451 Swan Drive is a seamless blend of sophisticated living and the quintessential Okanagan lifestyle. Weekends could involve exploring nearby wineries, a round of golf, or simply tending to the raised garden beds. With the potential for a pool, your private oasis awaits, offering a refreshing escape on warm summer days. This property isn't just a house; it's a curated experience, offering unparalleled views and a luxurious retreat from the everyday.

Investment Analysis

Investment Potential

Independent investment commentary. Not financial advice.

From an investment perspective, 451 Swan Drive presents a compelling opportunity, primarily driven by its irreplaceable view corridor and custom-built quality. Kelowna's robust tourism industry and growing population support strong short-term rental potential for luxury properties, especially those with amenities conducive to vacation stays. While specific rental yield calculations would require detailed income projections, properties of this caliber can command premium nightly rates during peak seasons, offering attractive returns for investors seeking a blend of income and capital appreciation. Long-term appreciation outlook for properties in prime Kelowna locations with significant view advantages remains positive. The Okanagan Valley continues to be a highly sought-after destination, attracting high-net-worth individuals and families. Limited availability of view lots, coupled with ongoing regional growth and infrastructure development, underpins a strong foundation for sustained property value increases. The potential to add a pool further enhances future value and marketability.

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Location

Property Location

Location

Third-party listing — not listed by August Real Estate Group. Information sourced from the MLS® system for market intelligence purposes only. August Intelligence analysis represents independent market commentary, not a listing presentation. Data deemed reliable but not guaranteed; verify independently. MLS®, REALTOR® are trademarks of CREA. Licensed under BCFSA.

Listing Courtesy Of

Unison Jane Hoffman Realty

Mike Mychalyshyn

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The information contained herein is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS® System. Listing data last updated via DDF® feed.