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Key Details
Sold Price $12,500,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 5,644 sqft
Price per Sqft $2,214
MLS Listing ID 40432882
Sold Date 10/04/23
Style Two Story
Bedrooms 7
Full Baths 5
Abv Grd Liv Area 5,644
Originating Board The Lakelands
Year Built 2003
Annual Tax Amount $40,806
Lot Size 5.379 Acres
Acres 5.379
Property Description
Welcome to Reef Island, a crown jewel private island ideally situated on the crystal-clear waters of central Lake Joseph. This stunning 5+ acre private island boasts an unparalleled combination of breathtaking natural beauty, privacy, and exclusivity. Reef Island’s distinctive infinity shape and 3200+ ft of shoreline provide stunning panoramic views of the surrounding lake and landscape, and affords all-day sun exposure, from sunrise to sunset. Reef Island represents a rare opportunity to own a private island paradise encompassing pristine beaches, captivating walking trails, and a truly idyllic setting on the most coveted lake in Muskoka.
The David Gillette designed cottage and boathouses showcase a combined 7000 sq ft of lakeside living, with 7 bedrooms (plus 2 in the boathouses) and 5 bathrooms (plus 2 in the boathouses), 4 covered boat slips, and large outdoor spaces for entertaining. For those seeking an active lifestyle, Reef Island offers a 1-km scenic walking/running path and sports court, while being just a short boat ride to some of Muskoka’s top golf courses.
For water access, the property includes a mainland landing at Lake Joseph Cottagers Landing in Stills Bay, a boat ride of less than 5 mins to your private island oasis. Reef Island is ideally situated in close proximity to marinas, restaurants and entertainment.
Following a lengthy municipal planning process, Reef Island offers a unique opportunity for re-development, with approvals in place for the construction of two 7500 sq ft cottages, two 2-storey boathouses (with accommodation and 8 covered boat slips), two additional swim docks, tennis court with cabana/pavilion, and a sunset gazebo. This allows you to further expand your private island retreat into an unparalleled exclusive family compound, all while enjoying the existing cottage and boathouses on the property.
Embrace this once-in-a-lifetime opportunity to own one of the most coveted private islands on Lake Joseph.
Location
Province ON
County Muskoka
Area Muskoka Lakes
Zoning WR4, EP2
Direction 5 minutes from Foots Bay Marina by boat
Rooms
Other Rooms Boat House, Boathouse-Multiple Slips
Basement Crawl Space, Unfinished
Kitchen 1
Interior
Interior Features High Speed Internet, Built-In Appliances, Ceiling Fan(s), Ventilation System
Heating Fireplace-Wood, Forced Air, Propane
Cooling Central Air
Fireplaces Number 1
Fireplaces Type Family Room, Wood Burning
Fireplace Yes
Window Features Window Coverings
Appliance Water Heater Owned, Dishwasher, Dryer, Microwave, Refrigerator, Satellite Dish, Stove, Washer
Laundry Laundry Room, Main Level
Exterior
Exterior Feature Balcony, Landscaped, Lighting, Privacy, Tennis Court(s)
Pool None
Utilities Available Cell Service, Electricity Connected, Phone Connected
Waterfront Yes
Waterfront Description Lake,Direct Waterfront,North,East,South,West,Beach Front,Island
Roof Type Shake
Porch Deck, Patio, Enclosed
Lot Frontage 3234.0
Garage No
Building
Lot Description Rural, Airport, Near Golf Course, Island, Landscaped, Marina, Shopping Nearby
Faces 5 minutes from Foots Bay Marina by boat
Foundation Concrete Perimeter
Sewer Septic Tank
Water Lake/River
Architectural Style Two Story
Structure Type Stone,Wood Siding
New Construction No
Others
Senior Community false
Ownership Freehold/None
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