4485 Wallace Hill Road

About this home

Welcome to 4485 Wallace Hill Road, an exceptional gated 5.51-acre estate in sought-after Southeast Kelowna. Set within the Agricultural Land Reserve and surrounded by the beauty of the Okanagan, this remarkable property combines luxury living, privacy, versatility and an impressive collection of amenities. Newly built with an uncompromising level of quality and attention to detail, the residence was thoughtfully designed for both everyday living and entertaining. Expansive living spaces are complemented by a substantial chef-inspired kitchen with an incredible butler’s pantry, theatre room, dedicated gym and a purpose-built golf simulator room with hitting turf. A unique dual-primary-bedroom design places luxurious primary suites on opposite wings of the home, creating exceptional privacy and flexibility for owners, family or guests. Multiple heating and cooling zones, solar-powered, and a whole-home Generac backup generator add efficiency and peace of mind. The property is serviced by municipal water for the home and In the irrigation district, offering a significant advantage for acreage living. Step outside to your private resort-style setting featuring a swimming pool with automatic cover and extensive outdoor living areas. The property offers outstanding flexibility with a legal 2 bed 1 bath suite featuring private outdoor space and separate heating and cooling. Additional 3-bedroom, 2-bath manufactured home. 3-car garage and a separate large shop with plenty of power.

Property details

Market read

At $658 per sq ft of finished area, it is listed 36% below the $1,035 per sq ft median of the 16 detached homes that sold between $4.3M and $7.2M in the Central Okanagan over the last 12 months, and 38% below the $1,060 per sq ft median of the 37 listed in that range now.

37 active listings against 16 sales in a year is about 28 months of supply in this range, at the past year's pace. Those sales took a median 112 days and sold at a median 90.6% of their final list price.

Across South East Kelowna, 80 detached homes sold in the last 12 months at a median $1,172,500 ($450 per sq ft), in a median 45 days, at 96.9% of final list price; 49 are listed now.

On the market 22 days under this listing, at its original price.

Association of Interior REALTORS® MLS® data, as of October 20, 2026. Sales are dated by accepted offer over the last 365 days. The price range is this list price plus or minus 25 percent, for the same kind of home in the same board area. Medians appear only where at least five properties qualify. Price per square foot uses total finished area, above and below grade together, so it is a check on price, not a valuation.

Land and setting

Local government

City of Kelowna, within the Regional District of Central Okanagan

Zoning

A1, Agriculture, under the City of Kelowna Zoning Bylaw No. 12375

Parcel

5.51 acres

Agricultural Land Reserve

Inside the ALR

Lie of the land

Falls toward the northwest at an overall 7% grade; the ground changes about 17 m (56 ft) in elevation across it

Parcel area and local government from ParcelMap BC; zoning from the City of Kelowna's published zoning map; ALR from the Agricultural Land Commission boundary; floodplains from the Province’s designated floodplain mapping, which is decades old and incomplete, so local governments set flood construction levels and the absence of a designation here is not a clearance. The lie of the land is measured from the Province's LidarBC 1 m bare-earth elevation model, flown in 2024, across the parcel itself; it reads the ground, not the buildings, so banks and retaining walls count as steep ground. None of this replaces a title search, a survey or confirmation with the local government, which is the authority on zoning.

Location

Neighbourhood Access