About the property (MLS: 1286206):
Perched on nearly 2 acres in a prestigious cliffside neighborhood in Paradise, this exceptional estate offers breathtaking ocean views & over 5,000 sq/ft of beautifully designed living space. Ideal for both family living & entertaining, the layout features a seamless blend of elegance, comfort & functionality. The main floor welcomes you with a grand foyer, a home office or den with a double-sided propane fireplace shared with the formal dining room, & an open-concept great room. The inviting family room features custom built-ins & propane fireplace, flowing into the dining area & chef’s kitchen. This gourmet space boasts granite countertops, custom backsplash, walk-in pantry, wet bar with wine fridges, oversized sit-up island, & high-end stainless steel appliances including a Wolf stove with griddle, double oven & warming drawer. Upstairs features three spacious bedrooms, second-floor laundry, & a 4-piece Jack & Jill bath. The luxurious primary suite includes a walk-in closet & spa-like ensuite with soaker tub, custom steam shower with 5 jets, & heated towel rack. The walk-out basement offers a wine cellar, 7.1 surround sound theatre/bonus room (currently used as a fourth bedroom), a large rec room with propane fireplace & wet bar, & a 3-piece bath. This immaculate home includes over $170,000 in recent upgrades, such as an epoxy garage floor, new shingles, & a mini-split system (full list available upon request). Other highlights include in-floor heating throughout, a new composite deck with glass railing (22x19), 3-car attached garage, detached garage (28x24), custom millwork, designer lighting, over 150 pot lights (interior & exterior), & quarter sawn oak flooring with walnut border. Truly one-of-a-kind, this show-stopping home is a must-see! (id:56688)
Property Details
Listing ID: 28478792
Address: 95 Summit Drive, Paradise, Newfoundland & Labrador, Canada A1L2P3
Status: Active
Last updated: 7 days ago ( Jul 3, 2025 )
Year Built: 2008
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
View: View
Number of stories: 2
Number of Levels: 2
Beds: 4
Baths: 4
1/2 Baths: 1
Heating: Electric, Propane
Sewer: Septic tank
Flooring: Hardwood, Ceramic Tile, Mixed Flooring
Living Area Total: 5,010 square feet
Price per sq ft: $260
Tax Annual Amount: $7,597
Tax Year: 2025
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 5
Waterfront? No
Pool? No
Appliances: Whirlpool
Water Source: Drilled Well
Heating: Electric, Propane
Flooring: Hardwood, Ceramic Tile, Mixed Flooring
Fireplace Features: Insert, Propane
Exterior Features: Stone, Other
Common Interest: Freehold
Number of photos available: 50
Rurl
Coordinates: [47.536481, -52.905449]
Rooms
Second level | Bedroom Bedroom Storage Ensuite Primary Bedroom Laundry room Bath (# pieces 1-6) | 12'6""X16'0"" null 12'6""X14'10"" null 6'0""X10'0"" IRR null 5PC null 18'6""X16'10"" null 6'4""X7'0"" null 5PC null |
Main level | Bath (# pieces 1-6) Mud room Not known Kitchen Family room Dining room Den Foyer | 2PC null 6'0""X6'6"" null 5'0""X8'0"" null 19'0""X20'0"" null 20'6""X18'0"" null 15'0""X15'0"" null 14'0""X15'0"" null 13'0""X23'0"" null |
Basement | Bath (# pieces 1-6) Bedroom Other Utility room Recreation room | 3PC null 15'0""X29'0"" null 6'11""X13'0""Wine null 6'6""X30'0"" null 19'0""X40'0"" null |
Basic Calculator
First Mortgage: $1,040,000
Mortgage insurance premium: $0
Total Financing: $1,040,000
Rough closing fee (1.5%): ~ $19,500
Total downpayment with estimated closing fee: $279,500
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $5,511 | $66,132 |
Gross rental income (income/principal ratio) | 0.424% | 5.087% |
Mortgage | $0 | $0 |
Monthly Expenses | $1,625 | $19,500 |
Vacancy | $276 | $3,307 |
Management Fee | $441 | $5,291 |
Expense / Income Ratio | 29.49% | 29.49% |
Cash Flow | $3,170 | $38,040 |
Net Operating Income (NOI) | $3,170 | $38,040 |
Capitalization Rate | 0.24% | 2.93% |