$4,199,000
29 McArthur Drive, Penetanguishene, ON L9M 1X3
Penetanguishene
Penetanguishene · L9M 1Y4
$4,750,000
$950 / sq ft2 months on market
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$4,199,000
Penetanguishene
Perched along pristine waters, this property is one of south-east Georgian Bay's most iconic waterfront estates. Built in 2007, the breathtaking 9,000+ sq ft bungalow with a walkout lower level is a masterpiece of custom millwork and craftsmanship. As your gateway to the 30,000 Islands, the property features a stone circle drive and a cement drive leading to a private harbor. With a 5-foot depth to accommodate a large motor yacht, the shoreline also boasts a sandy beach and a 2-bay dry boathouse topped by a stone observation patio. It is the ultimate spot for sunset views over Penetang Bay and unobstructed views north up the Gap to Cognashene, all framed by manicured perennial gardens.Inside, soaring vaulted ceilings and heated radiant floors run throughout. The open-concept main floor seamlessly integrates a great room with a wood-burning fireplace, lounge, TV area, formal dining, and a breakfast nook. The professional chef's kitchen features a Sub-Zero fridge, Miele coffee station, three Miele ovens, a steamer, and two dishwashers. A spacious mudroom leads to a massive walk-in pantry with a built-in second fridge and standup freezer, with a raised-bed vegetable garden just outside. Uniquely offering main-floor resort luxury, this level boasts a spectacular indoor saltwater pool with a swim system, an executive office with bay views, guest rooms, and a luxurious primary suite.An elevator provides easy transit to the walkout lower level, designed for premium entertainment with two patios, a custom wine cellar, and a cedar storage room. This level also features a self-contained 1-bedroom in-law suite. Complete with 5 bedrooms, 5.5 baths, a whole-home Generac generator, and two heated double-car garages with floor drains, this estate offers absolute peace of mind. Perfectly balancing privacy and accessibility, it is just 10 minutes from Midland and Penetanguishene.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced above most comparable listings — about 100% of comparable detached listings in Penetanguishene are asking less.
Based on 60 comparable active detached listings in Penetanguishene. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $4,750,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of Sotheby's International Realty Canada. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Listing courtesy of Sotheby's International Realty Canada