$8,800,000
For sale: Detached

** The Grand Palazzo Cachet ** A rare opportunity to own one of Markham's most distinguished luxury residences. Set on *1.93 acres* in prestigious *Cachet Estates*, The Grand Palazzo Cachet is an extraordinary Italian Renaissance-inspired estate offering over 15,000 square feet of luxurious living space*, timeless European elegance, exceptional craftsmanship, and unparalleled privacy. A stately arrival introduces interiors of remarkable scale and sophistication, featuring soaring ceilings, exquisite architectural detailing, custom millwork, imported finishes, and *radiant heated limestone floors throughout *. Every element has been thoughtfully designed to create an atmosphere of warmth, grandeur, and refined living. The magnificent Great Room serves as the heart of the residence, seamlessly combining an elegant living room and piano salon. Bathed in natural light, multiple French doors open onto an expansive terrace framed with elegant wrought-iron detailing, creating a seamless indoor-outdoor setting ideal for sophisticated entertaining, musical evenings, and cherished family gatherings. The home offers beautifully appointed formal entertaining spaces, inviting family areas, and a gourmet kitchen designed for both everyday living and exceptional hospitality. Luxurious bedroom suites provide comfort and privacy, while the impressive primary retreat offers a spa-inspired ensuite and refined dressing areas. The expansive walk-out lower level extends the living experience with versatile spaces for recreation, entertainment, relaxation, and multi-generational living, all opening directly to the spectacular grounds. Outside, professionally landscaped gardens, mature trees, manicured lawns, elegant terraces, and a *private tennis court* create a private European-inspired retreat rarely found in the Greater Toronto Area. Ideally located in Cachet Estates, close to renowned schools, championship golf courses, dining, shopping, and major transportation.
Sold data
Homes in Devil S Elbow took a median of 32 days to sell over the last 730 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 80, across 31 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 115 days.
The median sale price was $3,488,000.
Homes sold for about 7.7% below asking on average, so there was room to negotiate.
About 3% of sales closed above the list price.
Around 10% of sellers reduced their price before finding a buyer.
Based on 31 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Markham (Devil's Elbow) has 95 Fraser Institute–rated schools (76 elementary and 19 secondary), averaging 7.9/10.
School ratings from the Fraser Institute's Ontario school report cards.
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