Sotheby’s sells luxury estate for record price on Lake Tremblant

Listing photo of 112 Ch. de l’Ermite, Mont-Tremblant, QC (contributed by Sotheby’s).

Mont-Tremblant has long drawn wealthy buyers to its slopes and shorelines, but nothing in its history quite compares to this. 

The waterfront estate at 112 Ch. de l’Ermite listed for $19.8 million is set to sell for the highest residential price ever recorded in Mont-Tremblant and the Laurentians in Québec’s Centris provincial real estate database.

The sale was brokered by Liza Kaufman, founding partner of Sotheby’s International Realty Québec, and her Kaufman Group colleague Lindsay Hart. The deal has not yet officially closed and the final sale price has not been disclosed. The property spent less than a year on the market.

A home built without compromise

The estate was custom-designed by Canadian-born architect Richard Landry, known as the “King of the Megamansion.” Landry founded the Landry Design Group in Los Angeles in 1987 and has designed more than 500 residences across North America and internationally.

The home, built in 2009, features vaulted ceilings exceeding 30 feet, reclaimed wood beams and a 25-foot bay window overlooking the lake. Six bedrooms and 10 bathrooms are spread across a layout that includes a great room, formal dining spaces, a gourmet kitchen with custom cabinetry and professional-grade appliances, and a cinema room, bar and wine cellar.

An aerial view of the primary living space (Sotheby’s).

 A private elevator, saltwater infinity pool, beach, dock and covered heated terrace are among the additional amenities, along with parking for up to 13 vehicles. 

The principal suite occupies its own wing with water views, a private office, balcony access and a spa ensuite. The lower level includes a spa, sauna, gym and guest accommodations with direct access to the outdoor areas.

“They sourced the best of the best that was available at that time,” Kaufman said of the original owners. 

The current owners spent two years on renovations before bringing it to market.

“It’s a property that was never a flip, that was intended to be a primary or secondary residence, and where people invested heavily in quality and taste,” she said.

Global reach brings qualified buyers to Tremblant

Mont-Tremblant permits foreign buyers, making a global marketing pitch possible, but ultimately not necessary, as a buyer was found within the province. 

Kaufman credits Sotheby’s global marketing network with attracting serious interest. Launched in January, the campaign placed the property across international magazines and newspapers, and in front of a worldwide database that includes clients of Sotheby’s auction house.

“We have an exemplary way of getting a property to high-net-worth individuals around the world, and it’s usually extremely effective,” she said. The program drew “a nice number” of qualified prospective buyers, though arranging visits for out-of-town clients takes time, she added.

The eventual buyer, however, was not an out-of-towner. The buyer is an existing Sotheby’s client — a tech entrepreneur from outside Montréal — who was looking for a family home in the region, she said.

A two-speed luxury market

Private theatre within the home (Sotheby’s).

The sale reflects what Kaufman sees as a shift in the real estate market. Prices at the top end and the broader market, she says, are increasingly moving independently of one another.

“There’s the super high end, where people are looking for a specific ideal home, and they’re willing to pay above market,” she said. “And then there’s the rest of the market.”

Kaufman, who has worked in the industry for 22 years, said the divergence is a recent development. “When I started, it used to be monolithic. It used to go up and down together. It doesn’t happen anymore,” she said.

According to the Quebec Professional Association of Real Estate Brokers, residential sales in Mont-Tremblant rose 17 per cent in the first quarter of 2026 compared to the same period in 2025, significantly outperforming the broader Québec market, which recorded a two per cent decline. 

Mont-Tremblant also led the province in median price growth, with prices increasing 22 per cent year over year in the first quarter.

Ultra-wealthy buyers play by different rules

At the top of the market, traditional pricing benchmarks carry less weight. High-net-worth buyers, Kaufman says, are less focused on comparable sales and more focused on finding exactly what they want.

“They don’t necessarily look at comparables. They look at what they can get for what they want to pay,” she said.

That segment remains small, but is growing, she said.

“These people can afford to pay for what they want.”

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