551 Shannon Rd
Hallowell, Prince Edward County, K0K 2T0
FOR SALE
$2,300,000
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BEDROOMS4
BATHROOMS1
KITCHENS13 + 1
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Property Description
The Homestead On Shannon will entice even the self proclaimed city slicker to lay down roots in beautiful Prince Edward County! This home was designed, built and constructed by the builder as his personal residence with every luxury and amenity imaginable. The quality craftsmanship, attention to detail and thoughtful layout are a testimony to years of planning and collaborations with local custom cabinet companies and metal + glass fabricators. Stunning wide plank white oak floors were installed throughout the main areas of the home with the addition of herringbone brick in the mud/laundry room and porcelain tile throughout the bathrooms. This homestead sits on 14+ acres and is zoned RU1 prime agriculture fostering your gardening and farming vision. Boasting over 4500 sq.ft of finished home this property is ideal for large families and multi-generational living. Integrated cabinet front Jen-Air appliances and hidden pantry doors deliver a seamless aesthetic in the kitchen while the expansive velvet finish quartz island takes centre stage alongside the luxe gold faucets. The owners suite is a haven for relaxation with cathedral ceilings, double sided fireplace, exquisite bathroom with freestanding soaker tub and large walk in glass shower plus, heated floors, large walk in closet and private access to outside deck. The open concept living area impresses with a tall stone fireplace and sweeping views of the stunning staircase and trimmed wall detailing. The separate dining room offersthe most beautiful coffered farm house ceiling and the custom black framed doors to the dining room and office offer a modern industrial vibe. The large covered outdoor dining deck overlooks an oversized swim spa and provides access to the lower level private guest suite with full kitchen, 3 pc.bath and additional bedroom. Located just minutes to Picton and Bloomfield, area beaches, farmer markets, restaurants, wineries and craft breweries, you just cant ask for a better location.
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Property Details
Street
Community
Property Type
Detached, 2-Storey
Acreage
10-24.99
Lot Irregularities
14.5 Acres - Frontage not confirmed
Fronting
East
Taxes
$550 (2023)
Basement
Unfinished
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
Central Air
Water
Well
Parking Spaces
12
Driveway
Private
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Office | Main | 10.53' x 12.70' | |
| Living | Main | 17.95' x 17.39' | |
| Kitchen | Main | 12.20' x 14.40' | |
| Breakfast | Main | 10.47' x 13.45' | |
| Dining | Main | 10.70' x 13.98' | |
| Prim Bdrm | Main | 14.83' x 16.63' | |
| Bathroom | Main | 11.38' x 15.39' | 6 Pc Ensuite |
| Rec | Main | 26.35' x 23.06' | |
| 2nd Br | 2nd | 10.50' x 15.78' | |
| 3rd Br | 2nd | 10.89' x 14.40' | |
| 4th Br | 2nd | 12.73' x 20.21' |
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Prince Edward County Market Statistics
Prince Edward County Price Trend
551 Shannon Rd is a 4-bedroom 4-bathroom home listed for sale at $2,300,000, which is $1,461,750 (174.4%) higher than the average sold price of $838,250 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom home in Prince Edward County declined by $391,535 (31.8%) compared to the previous 30 day period (September 21 - October 20) and down $321,750 (27.7%) from the same time one year ago.Inventory Change
There were 18 4-bedroom homes listed in Prince Edward County over the last 30 days (October 21 - November 19), which is up 28.6% compared with the previous 30 day period (September 21 - October 20) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Prince Edward County typically sold ($62,475) (7.5%) below asking price over the last 30 days (October 21 - November 19), which represents a $6,725 increase compared to the previous 30 day period (September 21 - October 20) and ($104,500) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Prince Edward County over the last 30 days (October 21 - November 19) stood at 22.2%, down from 50.0% over the previous 30 days (September 21 - October 20) and down from 33.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Prince Edward County stood at 59 days when successfully sold over the last 30 days (October 21 - November 19), compared to 74 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Energy Real Estate, Brokerage
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