A spectacular chateau overlooking Nita Lake in Whistler has failed to sell in a highly publicized auction targeting Chinese buyers.
Concierge Auctions listed Chateau du Lac on its online auction platform in November 2018, and also held a live auction in Hong Kong in hopes of finding a buyer.
The auction appears to have attracted significant interest, however the reserve price of $10.9 million CAD was not met. The home was previously listed at nearly double the reserve price — $19.88 million CAD.
“Despite the significant interest, the reserve was not met. The sellers elected to keep the property and not entertain offers below the reserve price. The property remains available for offers,” reads a statement issued Tuesday from Concierge Auctions.
The auction house says the listing garnered 943 prospects, 13 open house tours, and 20 qualified private showings.
The listing is described as follows:
The 5,570-square-foot stone chateau features more 10,000 square feet of indoor/outdoor living space including five bedrooms; a French country gourmet chef’s kitchen with large island, commercial-grade appliances; a master retreat with fireplace, custom built-ins, steam shower, large soaking tub, French doors, and access to lakefront balcony; two-story foyer and dining room; formal main floor study/library with fireplace; home theatre; second floor sitting room with lakefront balcony; a self-contained, one-bedroom guest suite with fireplace, full-equipped kitchenette, stone floors, laundry room, and private entrance; a coach house above a two-car garage that consists of a studio with loft king bedroom, kitchenette, and living/dining room; an expansive cantilevered stone terrace that is elevated with views over the lake and equipped with a hot tub and barbecue grill; a second floor balcony; and two attached garages, the smaller of which is converted into a gym.