489 LAKESHORE ROAD E, Oakville (MO Morrison)
$23,980,000
For sale: Detached
- Property type
- Detached
- Bedrooms / bathrooms
- 5 bedrooms, 8 bathrooms
- Living area
- 100,000 sqft
- MLS®
- MLS® W13030806
- Neighbourhood
- 1011 - MO Morrison
Welcome to 489 Lakeshore Road East, a truly exceptional estate crafted by the renowned Ferris Rafauli, nestled in the prestigious enclave of southeast Oakville along the serene shores of Lake Ontario. This rare one-acre property boasts a remarkable 18,000+ square foot steel-frame home, meticulously designed to showcase unparalleled craftsmanship and timeless elegance. Every detail of this exquisite residence speaks to a dedication to luxury living, from its concrete structure to its five bedrooms and eight baths, eight fireplaces, three kitchens, and elevator for seamless access to all levels. Indulge in the ultimate relaxation with amenities such as an indoor pool, built-in spa, dry sauna, and cabana with a full kitchen. The property also features a four-car garage, 600-amp electrical service, in-floor heating, and cutting-edge building operation systems, all complemented by award-winning landscaping that surrounds this magnificent estate. For the discerning buyer seeking the epitome of luxury living, 489 Lakeshore Road East offers an unparalleled opportunity to experience a lifestyle of opulence and refinement.
Sold data
Detached homes in Oakville (MO Morrison) — recent sold market
Detached homes in Oakville (MO Morrison) took a median of 27 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 50, across 349 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.
The median sale price was $1,699,000.
Homes sold for about 4.4% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 21% of sellers reduced their price before finding a buyer.
- Median days to sell
- 27
- Median sale price
- $1,699,000
- Sale-to-list ratio
- 95.6%
- Sold above asking
- 11%
Based on 349 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Oakville (MO Morrison)
Oakville (MO Morrison) has 56 Fraser Institute–rated schools (45 elementary and 11 secondary), averaging 7.8/10.
- Rated schools
- 56
- Elementary
- 45
- Secondary
- 11
- Average rating
- 7.8 / 10
Top-rated schools in Oakville (MO Morrison)
- Alfajrul Bassem — elementary, OakvilleFraser rating 10.0/10
- Forest Trail — elementary, OakvilleFraser rating 10.0/10
- Pilgrim Wood — elementary, OakvilleFraser rating 9.7/10
- E J James — elementary, OakvilleFraser rating 9.6/10
- New Central — elementary, OakvilleFraser rating 9.6/10
- du Chêne — elementary, OakvilleFraser rating 9.4/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 489 LAKESHORE ROAD E
$7,188,000
Detached5+175,000–100,000 sqft1081 ARGYLE DRIVE, 1011 - MO Morrison, Oakville
$11,995,000
Detached575,000–100,000 sqft20 CLUNY DRIVE, Rosedale-Moore Park, Toronto
$22,500,000
Detached8+2105,000–100,000 sqft45 BAYVIEW RIDGE, Bridle Path-Sunnybrook-York Mills, Toronto
$13,500,000
Detached5+165,000–100,000 sqft6 ENNISCLARE DRIVE W, 1011 - MO Morrison, Oakville
$16,800,000
Detached795,000–100,000 sqft15466 THE GORE ROAD, Rural Caledon, Caledon
$5,890,000
Detached5+165,000–100,000 sqft1578 SPRING ROAD, Lorne Park, Mississauga
$8,988,800
Detached5+185,000–100,000 sqft91 VALECREST DRIVE, Edenbridge-Humber Valley, Toronto
$12,900,000
Detached6+275,000–100,000 sqft10 SHORNCLIFFE AVENUE, Casa Loma, Toronto