The Most Expensive Home: Nova Scotia

Canada is the second largest country in the world, so it’s no surprise that our geography, much like our people, can vary greatly from border to border. Diversity is our strength. Each Canadian province has its own set of characteristics: dry, hot, cold, wet, flat, mountainous, or urban. The landscape can influence the price of the home greatly and one such element that always seems to drive prices upwards, is the presence of water. If owning a home with a pool makes you the cool kid on the block, then owning a home with a lake or ocean-view makes you the envy of most. What happens when your home is surrounded by water on your own private island?

Nova Scotia, famous for its seafood and accents, is about to be famous for something else. The second smallest province in our nation is home to the most unique home we’ve seen so far.

Find out why…

Let’s take a look at the property:

MLS®: 25201609

$4,700,000

Features:  6 Bedrooms, 5 Bathrooms

Breakdown

Your average person probably isn’t going to buy this home, but if they did, what would their mortgage payments look like? We selected from the best current Nova Scotia mortgage rates, and chose a 5-year fixed rate at 3.51%*, over a 25-year amortization period, with a 20% down payment.

The monthly payments:  $18,793

The Nova Scotia Land Transfer Tax:$70,500

Interest paid over the 5-year term:  $612,266

Summary

This isn’t the most expensive home we’ve detailed so far, but by far, it is the most unique. You need to pay just over $18,000/month to have your very own private island. Think of how many “Lost” pranks you could play on your fellow guests. And speaking of guests, this home island comes equipped with three separate cottages, each located at an extremity of the island for superior privacy and breathtaking views. Oh, and did we mention the home is fully solar-powered, that might be enough to qualify for a green mortgage. Most homes we detail on here boast impressive garages, from 2700 square foot garages to 15-car subterranean garages. As impressive as that is, there is still one problem – somebody has to shovel the driveway. This is Canada afterall. With this home, you’ll never have to shovel again!

Google-mapping the property returns nothing but blue on your screen; blue as in water, and nothing but water – making you think Google Maps has returned an error. But there is no mistake, this home is quite literally in the middle of nowhere. Worried about intruders? No problem, what better security system than 45-foot tall tides guarding your perimeter – the highest in the world. The only way to get to the island is by boat or helicopter. The low tide reveals a red sandy beach perfect for volleyball, swimming, and general beach activities. This property is so extreme, we’re almost certain the person selling it is Dr. Evil. Included in the purchase price is the staff required to run the island – giant laser not included.

The address for the property is  4 8 15 16 23 42.

[Just kidding, see how much fun this is?]

Sources:

*as of July 12, 2011

http://www.realtor.ca/propertyDetails.aspx?propertyId=10272106&PidKey=13062540

http://www.realestatebook.com/Homes/CAN/NS/Falmouth/141414121398-Mount-Denson-Road/101-3001039661

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