Perched in prestigious Stephenson Point Estates, this exceptional 5-bed, 5-bath home offers over 5,000 sqft. of refined living on a sun-drenched 13,778 sqft. lot. Designed to embrace its stunning surroundings, it showcases breathtaking views of Departure Bay, Newcastle Island, and the inner harbour. Thoughtful upgrades include $250k invested in custom decks and staircases, creating the perfect space to relax and entertain. Inside soaring ceilings with exposed wood beams and expansive windows enhance the sense of space. The grand primary suite is a private retreat with ocean views, a cozy fireplace, a spa-like ensuite, and a walk-in closet. A Navien hot water on demand system, newer metal roof, and heat pump ensure year-round comfort, while a cedar sauna, wet bar, and wine cellar add to the home's appeal. Priced $200k under assessed value, this is a rare opportunity to experience luxury, comfort, and coastal living at its finest.